Supreme Court

  • Income Tax

Arm’s length price determined by ITAT not final and is appealable u/s 260A – SC

There is no absolute proposition of law that arm’s length price determined by ITAT is final and cannot be subjected…

1 year ago
  • Income Tax

No penalty u/s 271C on mere delay in deposit of TDS after deduction – Supreme Court

No penalty u/s 271C on mere delay in deposit of TDS after deduction – Supreme Court No penalty can be…

1 year ago
  • Income Tax

Sale of Agricultural land converted into commercial non taxable if operations continued

Sale of Agricultural land converted into commercial land held non taxable as agricultural operations were continued – SC dismisses SLP…

1 year ago
  • Income Tax

Arbitration award paid by sale of property not cost of improvement – Supreme Court

Arbitration award paid by sale of property not cost of improvement – Supreme Court holds assessment order as erroneous and…

1 year ago
  • Income Tax

Amendment to Section 153C by Finance Act 2015 applicable to searches done before 01.06.2015 – SC

Amendment to Section 153C vide Finance Act, 2015 applicable to searches conducted u/s 132 before 01.06.2015 - Supreme Court ABCAUS…

1 year ago
  • Bank

Borrower to be given opportunity of hearing before classifying their account as fraud – SC

Banks to offer opportunity of hearing to borrowers before classifying their account as fraud – Supreme Court ABCAUS Neutral Case…

1 year ago
  • Income Tax

Period of limitation for block assessment starts from the date of last Panchnama – SC

Period of limitation for block assessment u/s 158BC/158BE commences from the date of last Panchnama, not the date of last…

1 year ago
  • Income Tax

It is not necessary that assessment order should contain discussions to disclose satisfaction.

Validity of Notice u/s 148. It is not necessary that original assessment order should contain discussion to disclose satisfaction. ABCAUS…

1 year ago
  • Income Tax

Refund of amount wrongly transferred to an entry provider declined- SC dismisses SLP

Refund of amount wrongly transferred to an entry provider party whose bank account was attached by Income Tax Department declined-…

1 year ago
  • Income Tax

Contents of assessment order not decisive if reopening is change of opinion – SC

Manner and contents of assessment order framed not determinative whether or not reopening is a case of change of opinion…

1 year ago