Action for TCS default can be taken within a reasonable period only even if no limitation period is prescribed under the Act
Action for TCS default can be taken within a reasonable period only even if no limitation period is prescribed under…
IT Judgement
Addition can not be deleted on ground that assessee used to show higher stock to avail high cash credit limit from bank
Addition can not be deleted on ground that assessee used to show higher stock to avail high cash credit limit…
Completed assessment could not be interfered with while framing assessment under section 153A in the absence of incriminating material discovered during search.
Completed assessment could not be interfered with while framing assessment under section 153A in the absence of incriminating material discovered…
Inter-trust donation by one charitable trust to another for utilization by the donee trust towards charitable objects is proper application of income for charitable purpose
Inter-trust donation by one charitable trust to another for utilization by the donee trust towards charitable objects is proper application…
Demonetization special: Validity of submission that high denomination notes were savings from his personal allowance,
Demonetization special: Validity of submission that high denomination notes were savings from his personal allowance SRI SRI NILKANTHA NARAYAN SINGH…
Demonetization special: Addition upheld as the conduct of the assessee was wholly non-cooperative before the AO
Demonetization special: Addition upheld as the conduct of the assessee was wholly non-cooperative before the AO Karan Bhalla, New Delhi…
Demonetization special cases: Assessee is not required to prove the source of receipt of high denomination notes
Demonetization special cases: Assessee is not required to prove the source of receipt of high denomination notes LAKSHMI RICE MILLS…
HC sets-aside sale of property attached 22 years ago for recovery of tax dues
HC sets-aside sale of property attached 22 years ago for recovery of tax dues Sapana Charudatt Ranadive v. ACIT –…
Interesting case wherein it is held that “CIT(A) decided the case against the assessee based on its own personal opinion without any material available on record thus the finding rendered by the CIT(A) is perverse”
Interesting case wherein it is held that “CIT(A) decided the case against the assessee based on its own personal opinion…
Delhi High Court allowed petitioner to fileTrans -1 manually and to claim ITC therefrom
Delhi High Court allowed petitioner to fileTrans -1 manually and to claim ITC therefrom Krish Automotors Private Limited Vs Union…
CIT (A) & Tribunal can allow deduction towards additional claim even if assessee fails to claim deduction in its return
CIT (A) & Tribunal can allow deduction towards additional claim even if assessee fails to claim deduction in its return ITO…
Educational society not eligible for the benefit u/s 10(23C)(iiiad) when the income generated from running schools flows directly into a commercial entity on the basis of a profit sharing arrangement
Educational society not eligible for the benefit u/s 10(23C)(iiiad) when the income generated from running schools flows directly into a…
Landmark Judgment : No 40A(3) disallowance of transaction is genuine and pyaree is identifiable
Landmark Judgment : No 40A(3) disallowance of transaction is genuine and pyaree is identifiable Gayatri Build Associates Pvt Ltd Vs…
Acquiring flat from builder where construction to be done in phased manner is case of “purchase” for sec. 54F relief
Acquiring flat from builder where construction to be done in phased manner is case of “purchase” for sec. 54F relief…
Validity of order when AO had completed the assessment in the name of a company which had merged and was not in existence on the date the assessment order was passed
Validity of order when AO had completed the assessment in the name of a company which had merged and was…
Commencement of construction of new residential house before transfer of original asset & validity of capital gain exemption
Commencement of construction of new residential house before transfer of original asset & validity of capital gain exemption Short Overview…
Validity of Assessment if requirement of issuance of notice within prescribed time under section 143(2) is not adhered
Validity of Assessment if requirement of issuance of notice within prescribed time under section 143(2) is not adhered Short Overview…
No addition undersection 69C can be sustained if it is on the basis of statement of 3rdparty without granting opportunity of cross-examination to assessee.
No addition undersection 69C can be sustained if it is on the basis of statement of 3rdparty without granting opportunity…
