IT JudgementDissolution of firm due to death does not constitute as change in constitution!30 Oct 20180Dissolution of firm due to death does not constitute as change in constitution! The concept in regards to change in…
IT JudgementPenalty under section 271D for Contravention of section 269SS if Bona fide transaction?30 Oct 20180Penalty under section 271D for Contravention of section 269SS if Bona fide transaction? Penalty under section 271D could not be…
IT JudgementValidity of Penalty under section 271(1)(c) for Concealment or furnishing of inaccurate particulars of income Assessment order itself quashed by Tribunal30 Oct 20180Validity of Penalty under section 271(1)(c) for Concealment or furnishing of inaccurate particulars of income Assessment order itself quashed by…
IT JudgementSupreme Court has dismissed Revenue’s SLP in respect of bogus purchases against Gujarat High Court’s decision29 Oct 20180Supreme Court has dismissed Revenue’s SLP in respect of bogus purchases against Gujarat High Court’s decision S.69 Bogus purchases Supreme…
IT JudgementMumbai ITAT rejects Assessees’s claim for selling software without mark-up to AE. Cites BEPS Concerns29 Oct 20180Mumbai ITAT rejects Assessees’s claim for selling software without mark-up to AE. Cites BEPS Concerns Mumbai ITAT rejects assessee’s (engaged…
IT JudgementValidity of Notice issued with respect to section 201(1)/201(1A) compelling assessee to produce books of account vs. Limitation period29 Oct 20180Validity of Notice issued with respect to section 201(1)/201(1A) compelling assessee to produce books of account vs. Limitation period AO…
IT JudgementAvailability of sufficient fund cannot be the reason for not granting of registration u/s 80G29 Oct 20180Availability of sufficient fund cannot be the reason for not granting of registration u/s 80G CIT(E) was not justified in…
IT JudgementAO cannot ask for payment of even 20% of Disputed Tax till the disposal of the appeal by CIT27 Oct 20180AO cannot ask for payment of even 20% of Disputed Tax till the disposal of the appeal by CIT Bombay…
IT JudgementDeductibility of Remuneration to partners if Photocopy of partnership deed furnished instead of original copy26 Oct 20180Deductibility of Remuneration to partners if Photocopy of partnership deed furnished instead of original copy Where assessee-firm had submitted only…
IT JudgementCBDT Circular No. 1916 dated 11.5.1994 (Jewellery holding limit) should also be spread so as to cover the silver articles26 Oct 20180CBDT Circular No. 1916 dated 11.5.1994 (Jewellery holding limit) should also be spread so as to cover the silver articles…
IT JudgementAssessee is to be treated as Assessee in default if he fails to deduct tax at source u/s 19525 Oct 20180Assessee is to be treated as Assessee in default if he fails to deduct tax at source u/s 195 Where…
IT JudgementStamp Papers do not have any Expiry Period being used for a Document25 Oct 20180Stamp Papers do not have any Expiry Period being used for a Document The Trial Court and the High Court…
IT JudgementIf court favors assessee for refund, the duty of assessee begins!25 Oct 20180If court favors assessee for refund, the duty of assessee begins! In the case of Kishore Jagjivandas Tanna Vs. Joint…
IT JudgementLeviability of Penalty under section 271(1)(c) against Wrong claim of deduction25 Oct 20180Leviability of Penalty under section 271(1)(c) against Wrong claim of deduction Merely disallowance of any claim which is legally not…
IT JudgementIssue of notice u/s 143 (2) is mandatory for block assessment proceedings24 Oct 20180Issue of notice u/s 143 (2) is mandatory for block assessment proceedings. Let’s have a look at Sec. 158BC(b)of the…
IT JudgementThe income from letting out of property is to be treated as income from house property: Says Supreme Court24 Oct 20180The income from letting out of property is to be treated as income from house property: Says Supreme Court …
IT JudgementProsecution for offence u/s 276CC for failure to file ROI can be initiated during the pendency of assessment proceedings.23 Oct 20180Prosecution for offence u/s 276CC for failure to file ROI can be initiated during the pendency of assessment proceedings. In…
IT JudgementCan long term capital loss from sale of listed shares through off market be allowed to set off and carry forward?22 Oct 20180Can long term capital loss from sale of listed shares through off market be allowed to set off and carry…