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12-05-2015
Allahabad High Court Lucknow Bench has directed RBI to give opportunity of hearing to HCBL Bank and pass an order on ban within 2 weeks from 11-05-2015
05-05-2015
SC-C&F Agents Service Tax Liability is on providing any service connected with Clearing and Forwarding Operations not merely Supervising and Liaisoning
03-05-2015
Delhi HC Reduced ICAI Misconduct Punishment of One Month Removal to Reprimand. CA Claimed Complaint of Inflated Audit, Travelling Expenses as Revengeful
28-04-2015
Delhi HC-Super High Profits Entities not Excluded from Comparable List for Arm Length Price/Transfer Unless Material Differences can not be Eliminated
26-04-2015
Delhi HC-In computing arm length interest rate under Transfer Pricing, PLR are not applicable to loans to be re-paid in foreign currency
22-04-2015
Allahabad High Court-No Question or Justification for Levy of Penalty Under Section 271(1)(c) When the Addition was Deleted in Quantum Appeal
22-04-2015
Allahabad High Court has reiterated that question of profit percentage estimation is a question of fact, does not givie rise to Question of Law
21-04-2015
Incorrect Section 80-IB(7) Income tax Deduction Claimed for Multiplex Theater under Bona-fide Belief is not Concealment to levy Penalty u/s 271(1)(c)
19-04-2015
Delhi HC- Disallowance for Outstanding Purchases for Non Response to Notices by Parties Wrong if Gross Profit GP Rate is Higher than Previous Year
17-04-2015
SC-Custom Duty Exemption on Road Construction Goods available for Plant only if imported items have Essential Characteristics of Plant, not Components
14-04-2015
Supreme Court- Loss in Export Business can not be Merged with Domestic Profits to Claim Section 80HHC Deduction
13-04-2015
Allahabad HC Allows Simple Interest on Delayed payment of Gratuity. Gratuity not an act of bounty/charity but a rightful entitlement of Employee
09-04-2015
Calcutta HC- Every Acquisition of Further Knowledge Constitutes Education. Music/Dance Could be Education under section 10(23C) of Income Tax Act
02-04-2015
Income Tax Assessment Proceedings Transfer to Assessing Officer in Same City Locality Place u/s 127(3), No Hearing Opportunity Required-Allahabad HC
25-03-2015
Allahabad HC-Bar Association Strike, Boycott Call, Token Strike Illegal. Direction issued on Attempt to Disrupt Court Functioning after Police killed Lawyer
25-03-2015
Supreme Court Struck Down Section 66A IT Act 2000 Unconstitutional and Violative of Right to freedom of Speech Expression. No more controversial arrest
18-03-2015
Supreme Court-Mere Surplus does not make Educational Institute Cease to Exist Solely for Educational Purpose for exemption under section 10(23C)(iiiad)
15-03-2015
Supreme Court-HC Reference Jurisdiction u/s 256 Income Tax Act to Set Aside Tribunal Order in Absence of Perversity and Reframing Questions of Law
02-03-2015
Allahabad High Court-Registration Application Non disposal within six months u/s 12AA (2) Income Tax Act 1961 do not grant deemed registration Automatically
18-02-2015
SC-Success Fee Payable to Foreign Company as Financial Advisor for securing Loans, assistance for Indian Company is liable to TDS as Technical Service Fee
18-02-2015
Allahabad HC-The word "Family" in UP Dying in Harness Rules 1974 after amendment include Unmarried Brother Sisters and Widowed Mother
15-02-2015
SC Judgment-Agreement to Sell Date is transfer within section 2(47) of Income Tax Act for Capital Gain Exemption u/s 54 for investment in new Residential House
14-02-2015
Amount Transferred to NBFC Statutory Reserve Created under RBI Act, 1934 Added Back for Computation of Book Profits u/s 115JB Income Tax Act-Delhi HC
09-02-2015
Bombay High Court-Section 234E of Income Tax for Late Fee for Default in furnishing TDS statements is Constitutionally Valid. Writ 771-2014 Dismissed
05-02-2015
Engaging Law Clerk-Cum-Research Assistants on Short Term Contractual Assignment in Supreme Court-Revised Scheme, Entitlement, Qualifications, Stipend, Exam etc.
03-02-2015
ICSI Regulation prohibiting associate members contest Regional Council Election not illegal. Right to vote/contest not fundamental but purely statutory-Delhi HC
03-02-2015
Allahabad HC-Failure to Deduct, Short Deduction. Deductor Liability is only to Pay Interest, Penalty not TDS. Stays the Demand in 2015 Jagran Prakashan Case
03-02-2015
HC-Failure to Deduct TDS-Deductor Liable only Pay Interest, Penalty not Tax. Advertising Agencies not Agent and Trade Discounts not liable to TDS us 194H
02-02-2015
Delhi High Court-Entertainment Tax Exemption given under Scheme for Promoting Setting up of Modern Multiplexes with Cinema Hall is Capital Receipt
30-01-2015
Delhi High Court Judgement-Liability of Company Director for Failure to Pay Tax-TDS, Prosecution and Imprisonment u/s 276B of the Income Tax Act, 1961
26-01-2015
Calcutta HC- Intimation us 143(1) of Income tax Act 1961 is not completion of assessment us 139(5) preventing assessee filing a revised return of income
21-01-2015
Delhi HC-ICAI Professional Misconduct Disciplinary Proceedings Quashed for Denying-Adjournment on Medical Ground, Natural Justice, Opportunity Being Heard
18-01-2015
Supreme Court- High Court have no jurisdiction under Article 227 of the Constitution with findings of facts. Fleet Executive is Supervisor not Workman
18-01-2015
Delhi HC-Income-tax Rule 28AB and not 28AA apply to a Charitable Institute for Certificate u/s 197 to receive income without Deduction of Tax at Source TDS
15-01-2015
Chhattisgarh HC-Service-tax levy Section 66Ei on Restaurants Hotels not ulta vires. Under Article 366(29A)(f) service is subsumed in sale of food and drinks
15-01-2015
SC Judgment-Income Tax Section 1023Cvi Proviso 3 Conditions and Initial Approval Stage. American Hotel Lodging Association Educational Institute vs CBDT 2008
13-01-2015
ALLAHABAD HC- Merely because there were other objects, does not mean that Institution was not existing Solely for Educational Purpose
05-01-2015
Delhi High Court-Deductibility of Amount Paid for Furniture Fixture with Purchase of Property as Cost of Acquisition Improvement for Capital Gain Tax
25-12-2014
SC Judgment-Place of Notice or Cheque Presentation, Dishonor No factor for Deciding Court Jurisdiction to take cognizance us 138 Negotiable Instrument Act
24-12-2014
Supreme Court-Mobile Phone Charger is Accessory Not Integral-Composite Part and is Leviable to Punjab and Haryana VAT at Higher Rate of 12.5%
22-12-2014
Supreme Court Grants Stay on Delhi High Court Judgement on Service Tax Audit in Travelite India Case Declaring Rule 5A(2) as Ultra Vires
18-12-2014
Service Tax Levy on Advocates Constitutionally Valid. What Holds Good for Chartered Accountants….Must Equally Apply to Other Professionals-Bombay High Court
15-12-2014
Delhi High Court-Section 194H TDS Commission not Deductible on Charges, Fee Payable to Bank for Using Credit Card Swipe Machines for Sales
14-12-2014
Delhi High Court-Application of 8% Presumptive Rate of Net Profit 44AD to Tax Audit 44AB When Books of Accounts Stolen and No Comparison Made
15-04-2014
Supreme Court-Transgender (TG) Community including Hijras, Kinnars, Eunuchs, be Treated as third gender for safeguarding their Constitutional rights
30-01-2014
SC-Prosecution under section 276CC of Income Tax Act 1961 for Failure to File Income Tax Return within due date us 139(1) or belated ROI us 139(4)
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