Depreciation is not to be considered while computing disallowance under section 14A
Depreciation is not to be considered while computing disallowance under section 14A Short Overview : Depreciation claimed by assessee under…
IT Judgement
Re-opening simply in view of an advisory issued by department to thoroughly verify agricultural income without any tangible is not justified
Re-opening simply in view of an advisory issued by department to thoroughly verify agricultural income without any tangible is not…
Validity of Penalty under section 271(1)(c) towards addition of bogus purchases
Validity of Penalty under section 271(1)(c) towards addition of bogus purchases Short Overview : Where assessment was framed by AO…
Landmark Judgment – Prize money won in lucky draw wouldn’t amount to lottery income: ITAT
Landmark Judgment – Prize money won in lucky draw wouldn’t amount to lottery income: ITAT Tripura State Electricity Corporation…
Judgment with a Difference : Disallowance @ 30% of expenditure u/s Sec. 40(a)(ia) towards TDS default is retrospective in Nature
Judgment with a Difference : Disallowance @ 30% of expenditure u/s Sec. 40(a)(ia) towards TDS default is retrospective in Nature…
Whether Penalty under section 271D is leviable on Cash loan received from father
Whether Penalty under section 271D is leviable on Cash loan received from father Short Overview : Since assessee had given reasonable…
Validity of penalty for Non-compliance of notice issued under section 142(1)/143(2) if Notices sent to old address of assessee-company
Validity of penalty for Non-compliance of notice issued under section 142(1)/143(2) if Notices sent to old address of assessee-company Short…
Validity of Addition made pursuant to search operation on the same subject matter, which was examined during original assessment
Validity of Addition made pursuant to search operation on the same subject matter, which was examined during original assessment Short…
No Tax deduction at source under section 195 towards Fees for technical services if No technical knowledge made available by the supplier of services
No Tax deduction at source under section 195 towards Fees for technical services if No technical knowledge made available by…
legal and binding responsibility lies upon Tribunal to decide appeal on merits, irrespective of appearance of assessee or his counsel before it or not
legal and binding responsibility lies upon Tribunal to decide appeal on merits, irrespective of appearance of assessee or his counsel…
Landmark Judgment: Chartered Accountant in whose favour POA is granted by the company is to be considered as Agent of accompany and service of notice to him is due service of Notice: Supreme Court
Landmark Judgment: Chartered Accountant in whose favour POA is granted by the company is to be considered as Agent of…
Interesting Judgment : Reassessment not valid if done without disposal of assessee’s objections to reasons for reopening
Interesting Judgment : Reassessment not valid if done without disposal of assessee’s objections to reasons for reopening short overview : Not…
Failure to deposit tax deducted in Government account – Assessee cannot escape from Prosecution
Failure to deposit tax deducted in Government account – Assessee cannot escape from Prosecution short overview : Since the material placed…
Late Fee u/s 234E of the Income Tax Act is nothing but a privilege or special service allowed to a deductor for late filing of the TDS statements
Late Fee u/s 234E of the Income Tax Act is nothing but a privilege or special service allowed to a…
Validity of Refusal to registration u/s 12A on ground that objects of Trust were for betterment of Jain Community and for benefit of the people of Jain Community
Validity of Refusal to registration u/s 12A on ground that objects of Trust were for betterment of Jain Community and…
Tribunal possesses power to rectify any mistake apparent on record in order passed by it
Tribunal possesses power to rectify any mistake apparent on record in order passed by it Short Overview : Order passed under…
Cricket as a Charitable Object: Landmark Judgment in Punjab Cricket Association : Held that the commercial exploitation of the popularity of the game andthe property/infrastructure held by the assessee is not incidental to the main object but is one of the primary motives of the assessee.
Cricket as a Charitable Object: Landmark Judgment in Punjab Cricket Association : Held that the commercial exploitation of the popularity…
Jharkhand High Court Judgment on ITC during Transitional Period
Jharkhand High Court Judgment on ITC during Transitional Period High Court Judgement on ITC Matter
