Stock Exchange Bombay Vs Varughese P. Danial (Bombay High Court) -
Stock Exchange Bombay Vs Varughese P. Danial (Bombay High Court) So far as the prohibitory orders were issued by the Income Tax Department in respect of security deposit of the defaulting card holder is concerned, any amount in excess after meeting it’s liabilities should be handed over to the Income Tax Department. This is so [&hel...
Read More
Chandresh Sankhla Vs State of Rajasthan (Rajasthan High Court) -
As per Section 12 of the Rajasthan Public Gambling Ordinance, 1949, the game involving 'mere skill' is exempted from the applicability of the Act/Ordinance and since 'Dream 11' game has been held to be a game of skill, no fault can be found by the answering respondents in the activity which is carried out by the private respondents....
Read More
ACIT Vs Central Warehousing Corpn. (ITAT Delhi) -
We find that the claim of depreciation in respect of license/ registration fee paid by the assessee to the Indian Railways is an asset whereon depreciation u/s. 32(1) is allowable....
Read More
Vivad se Vishwas can be availed by the appellant irrespective of whether the tax arrears have been paid either partly or fully or are outstanding....
Read More
MGF Event Management Vs CCE (CESTAT Delhi) -
MGF Event Management Vs CCE (CESTAT Delhi) We cannot accept the appellant‘s plea that huge parking space area was given to the appellant without any agreement with respect to financial consideration or without an agreement with respect to contingent liabilities with respect to theft, injuries, fire or other liabilities. It is difficult ...
Read More
PCIT Vs Aristo Pharmaceuticals P Ltd (Bombay High Court) -
Since there was no employer-employee relationship between the assessee on one hand and the doctors on the other hand to whom the free samples were provided, the expenditure incurred for the same cannot be construed as fringe benefits to be brought within the additional tax net by levy of fringe benefit tax....
Read More
Notification No. HRD/1(34)2014/7thCPC/Vol.II/Pt.I/402 -
(03/03/2020) -
Permanently disabled child/children or sibling can be co-authorized in the PPO issued to the retiring Government servant if there is no other eligible prior claimant for family pension other than the spouse....
Read More
CIT (TDS) Vs Vodafone Cellular Ltd. (Bombay High Court) -
CIT (TDS) Vs Vodafone Cellular Ltd. (Bombay High Court) Whether provisions of Section 194H of the Income Tax Act, 1961 will be applicable in case of discounts given by the assessee to the distributors on account of prepaid SIM cards. Section 194H of the Act deals with commission or brokerage. It says that any person, […]...
Read More
Motilal Laxmichand Sanghavi Vs ACIT (ITAT Mumbai) -
Even though assessee had made payments to related parties, yet in view of fact that there was no material on record to demonstrate that payment made was excessive and unreasonable having regard to market rate, disallowance made under section 40A(2) by AO was to be deleted....
Read More
PCIT Vs Rishabhdev Tachnocable Ltd. (Bombay High Court) -
It was held that whether the purchases were bogus or whether the parties from whom such purchases were allegedly made were bogus was essentially a question of fact. When the Tribunal had concluded that the assessee did make the purchase, as a natural corollary not the entire amount covered by such purchase but the profit element embedded ...
Read More
