It is common practice in Indian household that ladies share locker for keeping jewellery with family members- ITAT deletes addition made without any enquiry  ABCAUS Case Law Citation: ABCAUS 2718 (2019) (01) ITAT Important Case Laws Cited/relied upon: Sunita Nigam Vs. DCIT (Central) (2018) 33 ITJ 837   …

No disallowance merely because vouchers was fresh not faded or torn. When self made vouchers not found false, no addition can be made on presumption ABCAUS Case Law Citation: ABCAUS 2717 (2019) (01) ITAT This appeal was filed by the assessee against the order of the Commissioner of …

Companies Amendment Ordinance 2019 promulgated to replace 2018 Ordinance as the Companies (Amendment) Bill 2019 not passed in Council of States The President of India had promulgated the Companies (Amendment) Ordinance, 2018 to further amend the Companies Act, 2013 in exercise of the powers conferred by clause (1) of article 123 …

Prosecution u/s 276CC-Challenge to satisfaction note u/s 153C rejected. If view taken by trial court is reasonable possible view, it is not to be disturbed ABCAUS Case Law Citation: ABCAUS 2716 (2019) (01) AC Important Case Laws Cited/relied upon: Pepsi Foods Pvt. Ltd. Vs. Assistant Commissioner of Income …

Limitation period not prescribed for service of assessment order but it must be served within reasonable time as held by the various high courts – ITAT ABCAUS Case Law Citation:ABCAUS 2715 (2019) (01) ITAT Important Case Laws Cited/relied upon:CIT Vs. Subrata Roy,(2014(7) TMI42)ACIT Vs. Orissa Stevedores LtdState of …

Transfer of creditor balances to capital account for better bank loan facilities was not waiver of liability u/s 41(1) being without consent form creditors ABCAUS Case Law Citation: ABCAUS 2714 (2019) (01) ITAT Important Case Laws Cited/relied upon: Commissioner of Income tax Vs Sugauli Sugar Works (P.) Ltd …