Re-assessment order quashed for typographical mistake in reasons recorded  In a recent judgment, Hon’ble High Court of Jharkhand held that ex-parte re-assessment order passed u/s 147 and notice u/s 148 of the Income Tax Act, 1961 cannot be sustained in the eye of law especially in view of …

Matters involving tax where provision of appeal is provided, the assessee should be relegated to the said remedy – High Court In a recent judgment, Hon’ble Allahabad High Court declined to invoke its Writ Jurisdiction against GST order and held that matters involving tax where provision of appeal …

Once Resolution Plan is approved by COC, it is binding on all stakeholders. High Court quashed Assessment order and penalty notice In a recent judgment, Hon’ble Delhi High Court has quashed assessment order holding that once Resolution Plan is approved by COC, it is binding on all stakeholders. …

Coaching Institutes do not run for all months and also students also awarded free coaching- ITAT deleted addition to income – ITAT In a recent judgment, ITAT Patna has deleted addition made to the income of coaching institute observing that there are certain months when coaching classes are …

Exemption u/s 54F can not be denied merely making wife & son as co-owners of property  In a recent judgment, Hon’ble High Court of Punjab and Haryana has held that merely mentioning the names of his wife and son as joint-owners of the property, would not dis-entitle assessee …

No Penalty u/s 271D for cash received before registrar for sale of property – ITAT  In a recent judgment, ITAT Chennai has deleted income tax penalty us/ 271D holding that section 269SS would apply only to advance receivable and the provisions would not apply to transaction that has …