IT Judgement

Income-tax paid by assessee to foreign tax jurisdictions could not to be refunded to assessee by Indian tax authorities as a matter of course.

5 years ago

Income-tax paid by assessee to foreign tax jurisdictions could not to be refunded to assessee by Indian tax authorities as…

IT Judgement

Corpus contributions received by a private discretionary trust & Taxability under section 56(2)(vii)

5 years ago

Corpus contributions received by a private discretionary trust & Taxability under section 56(2)(vii) Short Overview Where assessee, a private discretionary trust,…

IT Judgement

Not entire purchases but only the profit element embedded in the bogus purchases is to be disallowed.

5 years ago

Not entire purchases but only the profit element embedded in the bogus purchases is to be disallowed. Income Tax Act,…

IT Judgement

“Expenditure” covers even a case of loss even though the said amount has not gone out from the pocket of the assessee.

5 years ago

“Expenditure” covers even a case of loss even though the said amount has not gone out from the pocket of…

IT Judgement

Action of competent authority in collecting amount from petitioner towards tax and penalty under threat of detention of vehicle carrying goods for an absurd reason (‘wrong destination’) when the vehicle in question carried all the proper documents evidencing that it was an inter-State sale transaction was clearly arbitrary, violative of Articles 14, 265 and 300-A of Constitution of India: HC

5 years ago

Action of competent authority in collecting amount from petitioner towards tax and penalty under threat of detention of vehicle carrying goods for…

IT Judgement

Charitable trust: Whether Registration under section 12AA is allowable if Assessee-society established and registered abroad and not in India?

5 years ago

Charitable trust: Whether Registration under section 12AA is allowable if Assessee-society established and registered abroad and not in India? Short…

IT Judgement

Capital Gain (LTCG) or Business income: Its all about intention at the time of purchase

5 years ago

Capital Gain (LTCG) or Business income: Its all about intention at the time of purchase ITAT BANGALORE SHRI. BABULAL, M/S.…

IT Judgement

No addition u/s 68 sustainable if assessee is not maintaining books of accounts due to presumptive scheme of taxation

5 years ago

No addition u/s 68 sustainable if assessee is not maintaining books of accounts due to presumptive scheme of taxation …

IT Judgement

No deduction: Interest paid against the interest received on the FDR

5 years ago

No deduction: Interest paid against the interest received on the FDR ITAT MUMBAI SHRI CHANDRAKANT R. AGRAWAL VERSUS PR. COMMISSIONER…

IT Judgement

If anything incriminating surfaces which may warrant issuance of MOV-10 to assessee under section 130, the authority might do so in accordance with law.

5 years ago

If anything incriminating surfaces which may warrant issuance of MOV-10 to assessee under section 130, the authority might do so…

IT Judgement

Notice served to truck driver can’t be considered as service of notice to assessee

5 years ago

Notice served to truck driver can’t be considered as service of notice to assessee Ranchi Carrying Corporation v. State of…

IT Judgement

Prosecution proceeding where the entire liability has been paid & there is no loss to the public exchequer, even after eleven years would only be an abuse of the process of the Court: Patna HC

5 years ago

Prosecution proceeding where the entire liability has been paid & there is no loss to the public exchequer, even after…

IT Judgement

A land couldn’t be treated as agricultural land merely because it categorised as agricultural land in revenue records

5 years ago

A land couldn’t be treated as agricultural land merely because it categorised as agricultural land in revenue records GRK Reddy…

IT Judgement

CBDT issued Instruction for Selection of cases for issue of notice u/s 148 of the I.T. Act, 1961

5 years ago

CBDT issued Instruction for Selection of cases for issue of notice u/s 148 of the I.T. Act, 1961 CBDT issued…

IT Judgement

Capital gains Exemption if amount not deposited in capital Gain Deposit Scheme but amount utilised for construction of a residential property within a period of 3 years

5 years ago

Capital gains Exemption if amount not deposited in capital Gain Deposit Scheme but amount utilised for construction of a residential property…

IT Judgement

Haryana Warehousing Corporation is not a ‘Government entity’: Haryana AAR

5 years ago

Haryana Warehousing Corporation is not a ‘Government entity’: Haryana AAR Authority for Advance Rulings, Haryana Haryana State Warehousing Corporation,…

IT Judgement

Documents/records which were not relied upon in the show-cause notice, were required to be returned under proper receipt to the person from whom those are seized.

5 years ago

Documents/records which were not relied upon in the show-cause notice, were required to be returned under proper receipt to the…

IT Judgement

Amount already offered as taxation as Sales & validity of addition u/s 68 & 69

5 years ago

Amount already offered as taxation as Sales & validity of addition u/s 68 & 69 Delhi High Court in the…

IT Judgement

Income-tax paid by assessee to foreign tax jurisdictions could not to be refunded to assessee by Indian tax authorities as a matter of course.

Corpus contributions received by a private discretionary trust & Taxability under section 56(2)(vii)

Not entire purchases but only the profit element embedded in the bogus purchases is to be disallowed.

“Expenditure” covers even a case of loss even though the said amount has not gone out from the pocket of the assessee.

Charitable trust: Whether Registration under section 12AA is allowable if Assessee-society established and registered abroad and not in India?

Capital Gain (LTCG) or Business income: Its all about intention at the time of purchase

No addition u/s 68 sustainable if assessee is not maintaining books of accounts due to presumptive scheme of taxation

No deduction: Interest paid against the interest received on the FDR

If anything incriminating surfaces which may warrant issuance of MOV-10 to assessee under section 130, the authority might do so in accordance with law.

Notice served to truck driver can’t be considered as service of notice to assessee

Prosecution proceeding where the entire liability has been paid & there is no loss to the public exchequer, even after eleven years would only be an abuse of the process of the Court: Patna HC

A land couldn’t be treated as agricultural land merely because it categorised as agricultural land in revenue records

CBDT issued Instruction for Selection of cases for issue of notice u/s 148 of the I.T. Act, 1961

Capital gains Exemption if amount not deposited in capital Gain Deposit Scheme but amount utilised for construction of a residential property within a period of 3 years

Haryana Warehousing Corporation is not a ‘Government entity’: Haryana AAR

Documents/records which were not relied upon in the show-cause notice, were required to be returned under proper receipt to the person from whom those are seized.

Amount already offered as taxation as Sales & validity of addition u/s 68 & 69

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