Onus to explain investment sources by wife discharged when she and her husband both admitted that husbands paid the money – ITAT ABCAUS Case Law CitationABCAUS 3644 (2023) (01) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming the addition …

Non searched persons liable to pay interest on late filing of return u/s 158BC even in absence of a notice u/s 158BC and even for the period prior to 01.06.1999 – Supreme Court ABCAUS Case Law Citation ABCAUS 3643 (2023) (01) SC Important Case Laws relied upon:Mathuram Agrawal …

A party to contract not entitled to question amount of consideration after signing the contract – Supreme Court ABCAUS Case Law Citation ABCAUS 3642 (2023) (01) SC In the instant case, the State Government (the Appellant) had challenged the judgment of the Division Bench of the High Court …

Supreme Court amends section 10(26AAA) to extend exemptions to Sikkimese and women who marries non Sikkimese ABCAUS Case Law Citation ABCAUS 3641 (2023) (01) SC In the instant case a writ was filed before the Hon’ble Supreme Court praying striking down Section 10(26AAA) of the Income   Tax Act, …

Liability of company paid by Director in cash is cash loan u/s 269SS liable to Penalty u/s 271D of the Income Tax Act, 1961. ABCAUS Case Law Citation ABCAUS 3640 (2023) (01) ITAT Important Case Laws relied upon:CIT v. Dimple Yadav, reported in (2015) 280 CTR (All) 309CIT …

Anticipatory bail granted to accused of using forged Income Tax Return (ITR) for taking bank loan ABCAUS Case Law Citation ABCAUS 3639 (2023) (01) HC In the instant case, the accused applicant had moved application before the High Court for anticipatory bail. Allegation against the accused-applicant was that …