High Court erred in relying upon previously set aside order of Settlement Commission and making it a part of their order for issuing writ- SC ABCAUS Case Law Citation:ABCAUS 2813 (2019) (03) SC Important Case Laws Cited/relied upon by the parties Brij Lal & Ors. vs. Commissioner  of Income Tax, …

Assessee legally obliged to prove receipt of share capital/premium to the satisfaction of AO, failure of which justify addition – Supreme Court summarises emerging principles ABCAUS Case Law Citation:ABCAUS 2814 (2019) (03) SC Important Case Laws Cited/relied upon by the parties CIT v. Lovely Exports Pvt. Ltd (2008) …

Commission paid to employees partakes character of salary and TDS is applicable only u/s 192 not under Section 194H – ITAT deleted addition u/s 40(a)(ia) ABCAUS Case Law Citation: ABCAUS 2812 (2019) (03) ITAT In the appeal covered under the instant case,the assessee had challenged order of the …

The assessee alone can decide whether to keep cash in locker or deposit in bank FDR. ITAT deleted addition made by AO u/s 69A rejecting explanation of assessee ABCAUS Case Law Citation:ABCAUS 2811 (2019) (03) ITAT Important Case Laws Cited/relied upon by the parties Rajendra Prasad Subhash Chand …

Depreciation on fixed assets classified as capital work in progress allowed in the revised return when corresponding income was taxed ABCAUS Case Law Citation: ABCAUS 2810 (2019) (03) ITAT Important Case Laws Cited/relied upon by the parties Kedarnath Jute Mills (82 ITR 363) KM Sugar Mills Ltd. (373 …

Aadhaar and Other Laws (Amendment) Ordinance 2019 promulgated by the President The Aadhaar and Other Laws (Amendment) Ordinance 2019 was necessitated as the Aadhaar and Other Laws (Amendment) Bill 2019 passed by the Lok Sabha (House of People) in January is still pending in the Rajya Sabha (Council …