“ We express our pain and anxiety. The Tribunal ought not to have recorded any such concession on the part of the AR contrary to the written submissions”. Madras High Court
Amount received by the assessee from the HUF, being its member, is a capital receipt in his hands and is not exigible to income tax.
Landmark Judgment : Notice under section 143(2) had not been issued and served to assessee at correct address within the period of limitation and therefore, entie assessment order was vitiated.
GST refund claim rejected : Gujarat HC directed GST Authorities to look into matter and take an appropriate decision
Order issued by GST Authority on seizure of goods, imposition of tax & penalty is appealable under GST: Karnataka HC
Modi Mission : CBDT has compulsorily retired yet another 15 very Higher senior officers of Income Tax Department