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14-10-2015
Punjab and Haryana High Court sets aside ITAT Order for being not Speaking, Reasoned as per the Guidelines laid down by the Supreme Court
13-10-2015
Delhi High Court-Gift Donor could not be expected to share with Income Tax Authorities such details which understandably may be considered as confidential
12-10-2015
Allahabad HC-No Deemed Dividend u/s 222e based on Balancesheet Grouping of Advance by Company which was in Ordinary Course and Money Landing Substantial Business Part
08-10-2015
Delhi HC-Exemption u/s 10(23C) can not be denied on Failure to File Audit Report Form-10BB, if Furnished Subsequently before Rejection of Application
06-10-2015
Delhi HC-No Provision in the Income Tax Act requiring Assessee to update Changed Address in PAN Data Base precluding from challeneging service of notice
06-10-2015
DELHI HC- Income Tax Authorities ought to Strictly Scrutinise Claims of regrouping of Figures Appearing in Audited Signed Accounts Subsequent to such Signing
03-10-2015
UP Govt GO HRA Rate applicable if place of work is within a notified municipal area, District in which the institution is situated is not material-Allahabad HC
22-09-2015
For Wealth Tax Purpose, Market Value of Vacant Land is Maximum Compensation Price Payable to the Assessee under the Urban Land Ceiling Act 1962
18-09-2015
Delhi HC-Sale of Unani/ayurvedìc Medicines/ Product by ‘Hamdard’ is Charitable Activitiy u/s 10(23C)(iv) of Income Tax Act-Exemption Withdrawal Quashed
15-09-2015
Delhi High Court Lays down Guidelines on the Issue, Service and Validity of Notice u/s 148 of Income Tax Act for Income Escaping Assessment
11-09-2015
Delhi HC-Unless there is Document to Show Assessee Already a co-owner of Property, No Inference for ineligibility of LTCG Deduction under Section 54F
07-09-2015
Rajasthan HC upheld ITAT Order-Tax Auditors’ Remark in Form-3CD was only Statement of Fact, Vague Remarks cannot be considered Conclusive Statement
06-09-2015
Rajasthan High Court upheld ITAT Order allowing deduction u/s 80G of Income Tax Act for equipments donation not treating it in kind which is not allowed
05-09-2015
Allahabad HC-If Income Tax Act Provides Release of Balance Seized Assets/Cash after satisfying liability, it can not be retained under CBDT Instructions
04-09-2015
Delhi HC-If Assessment/Reassessment Proceedings are in Progress and not Finished, Fresh Notice u/s 148 for the same Assessment Year can not be issued
02-09-2015
Delhi HC-Expenses, Borrowed Fund Interest Disallowance u/s 14A for Investment in shares when Dividend Income is Exempt. Maxopp Investment Ltd
02-09-2015
Delhi High Court-Disallowance under Section 14A read with Rule 8D of the Income Tax Act, 1961 can not exceed the amount of Tax Exempt Income
29-08-2015
Delhi HC-If no Incriminating Material are Unearthed during Search u/s 132, no Additions to be made u/s 153A to Assessments Completed on Search Date
24-08-2015
In View of Section 273B, No Penalty is Imposable u/s 271D for Voilation of Section 269SS if the Cash Loan Transaction is Genuine-Allahabad High Court
23-08-2015
Application for Approval u/s 10(23C)(vi) can be Made either by Education Institute Itself or by Society Trust- Uttarakhand High Court
18-08-2015
SC-Levy of Interest under section 234B of the Income Tax Act, 1961 is Automatic and ITNS 150 Incometax Computation Form is Part of Assessment Order
18-08-2015
Allahabad HC-Payment of House Rent Allowance (HRA) to both the Spouses Residing together is a Pure Matter of Financial Policy and is Legal
14-08-2015
Supreme Court-Concession made by Respondent’s Counsel before Company Judge was made to Delay the Winding up of Respondent’s Company
13-08-2015
Maggi Noodles-Bombay High Courts Quashes FSSAI Ban Orders, Directs Fresh Tests at NABL Accredited Labs before Fresh Manufature and Sale. Full Judgment
12-08-2015
Supreme Court-It is not mandatory for a citizen to obtain Aadhaar card and it will not be condition for obtaining any benefits otherwise due to a citizen
12-08-2015
Supreme Court-Interpretation of Indian Constitution for existence of the fundamental right to privacy under Article 21 or otherwise referred to Larger Bench
11-08-2015
Supreme Court-Advances Paid for Purchase of Plant/Machinery also amount to Utilization for Capital Gain Exemption u/s 54G of Income tax Act 1961
10-08-2015
Supreme Court Full Judgment on Stay of Service Tax Levy on Lawyers against Bombay High Court Order in SLP 13944/2015 by Bombay Bar Association
06-08-2015
Supreme Court-Appellate Tribunal has Power to Condone Delay in Filing Appeal under Section 18(2) of SARFAESI Act and Section 20(3) of the RDB Act
05-08-2015
Madras High Court Dismises PIL to quash and Declare ICAI Common Proficiency Test (CPT) as ultra vires. He was Former Asstt Secretary and Southern Region Head
05-08-2015
SC-Aircraft Landing/Takeoff and Parking Charges paid to Airport Authorities are not for ‘Use of Land’ and are Covered u/s 194C for TDS not under 194-I
01-08-2015
To Grant Yakub Abdul Razak Memon Further Time would be nothing but Travesty of Justice-Supreme Court. Download Final Judgment dated 30-07-2015
31-07-2015
Right to receive Pension/Family Pension is a continuing right not barred by laches-Allahabad High Court
30-07-2015
SC-Job Work of Mounting Water Purification & Filteration System (WPFS) on Base Frame Amounts to Manufacture as per Central Excise Act, 1944
30-07-2015
Supreme Court-Dead person’s estate/legal representatives can not be taxed without necessary machinery provisions in a tax statute like Income Tax Act
28-07-2015
The Judgment that made the difference-Yakub Menon Death Warrant Stayed by One of the SC Judges
28-07-2015
Supreme Court- Close-Up Whitening is not Toothpaste but a Dental Cleaner Hence is subject to Excise Duty at a Rate Different from Toothpaste
27-07-2015
Delhi HC- Higher Proportion of Receipts from an Activity Reasonably Incidental to Objects of Charitable Trust does not make it Ultra Vires. Moolchand Khairati Ram Trust
23-07-2015
Supreme Court-Wharfage Charges Collected by Gujarat Maritime Board not Covered Under “Port Services” thus not Chargeable to Service Tax u/s 65(105)(zn)
22-07-2015
Delhi High Court-In the Absence of Change in Accounting System Consistently Followed by Assessee and Accepted, Income-Tax can not adopt different Stance
22-07-2015
Delhi High Court-Any Refund/Duty Drawback Ultimately Reduces Cost of Project and is Capital Receipt not Income under Section 28(iiic) of Income Tax Act, 1961
20-07-2015
Delhi HC-No Requirement U/s 86(2) of Finance Act to require Chief Commissioners Committee give Independent Reasons for Appeal to Service Tax Tribunal
20-06-2015
Subrata Roy SAHARA Bail Rejected It is the unprecedented situation which has led to passing of unprecedented, but justifiable orders-SC. Full Judgment Download
30-05-2015
Delhi HC-If DTAA Provisions Provide Taxation of Income out of India, the Question of Deduction of TDS as Professional Services u/s 9(1)(vii) Irrelevant
19-05-2015
Delhi HC-Payments for Components/parts Overhauling/Repair under Wet-leased Aircraft outside India is not income deemed to accrue or arise in India
19-05-2015
Delhi High Court-Issue of Bonds in lieu of Overdue Interest do not amount to actual payment as per Explanation 3C of Section 43B of Income-tax Act 1961
13-05-2015
Supreme Court-Reasons, Belief Recorded for Income Tax Search to be disclosed to Assessee only during Assessment Proceedings after Search/Seizure Completed
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