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Archive: 13 March 2022

Posts in 13 March 2022

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 18, 2024 3951 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 18, 2024 3558 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

HC quashes Assessment order as Reply of Taxpayer not considered

March 13, 2022 4347 Views 0 comment Print

Pankaj s/o Roshan Dhawan Vs National e-Assessment Centre (Bombay High Court) HC held that we are satisfied that the assessment order dated 14.05.2021 has been passed without granting proper and meaningful opportunity to the petitioner to respond to the show cause notice. It is not in dispute that as per show cause notice dated 10.04.2021 […]

Transfer of Assets under JDA: HC upheld guidance value of land as mode for determination of full value of consideration

March 13, 2022 1968 Views 0 comment Print

PCIT Vs Smt. Sarojini M. Kushe (Karnataka High Court) In the present case, Assessing Officer has adopted the rate of Rs. 1600/- per square feet merely based on the letter given by the developer which is not supported with any particulars. It cannot be ruled out the possibility of the developer giving an inflated figure […]

Taxability of contribution made to PF fund and Interest thereon

March 13, 2022 66525 Views 3 comments Print

Suppose, an employee having Rs 20,00,000 in his EPF account makes a contribution of Rs  4,00,000 towards the EPF as well as the employer is making a similar contribution in a particular year. In this case, the contribution would be bifurcated as follows:

Experience A Relevant Criteria In Selection Process: Kerala HC

March 13, 2022 1587 Views 0 comment Print

Experience of a candidate being a relevant criteria in a selection to the post of Assistant Professor, we do not see the Selection Committee as having overstepped its jurisdictional limits while conducting the selection.

Right to equal pay for equal work is a constitutional enforceable right

March 13, 2022 4176 Views 0 comment Print

Rattan Lal Bhardwaj Vs State Of Himachal Pradesh (Himachal Pradesh High Court) Article 39(d) of the Constitution of India provides for equal pay for equal work. This right of the person for equal pay for equal work is recognized as a fundamental right by various pronouncements of the Apex Court and the law is settled […]

HC upholds former Income Tax Commissioner’s conviction in DA Case

March 13, 2022 4506 Views 0 comment Print

Swetabh Suman Vs Central Bureau of Investigation (Uttarakhand High Court) The conviction of the appellant Swetabh Suman for the offence punishable under Section 13(2) read with Section 13(1)(e) of the Prevention of Corruption Act, 1988 is upheld and confirmed. The sentence imposed on the appellant Swetabh Suman under Section 13(2) read with Section 13(1)(e) of […]

No Supervisory PE established merely from visit of employees of Foreign Company in India for certain technical services

March 13, 2022 3699 Views 0 comment Print

FCC Co. Ltd. Vs ACIT (ITAT Delhi) ITAT had directed the assessee to file the description of services rendered by the employees of the assessee on their visit to India and the corresponding clause under the Agreement for Dispatch of Engineers under which such services would fall. In response, the assessee furnished Annexure 1 for […]

Office-bearers of statutory board cannot be removed merely by using the word public interest

March 13, 2022 663 Views 0 comment Print

Sanjay Vs The State of Maharashtra (Bombay High Court) In the present case, absolutely no reason is forthcoming, nor the respondents have come with case as to what was the cause for terminating the Part Time Chairmanship of the petitioner. The State Government can only exercise this power on the basis of any relevant and […]

WEF 06.08.2014 Pre-Deposit Mandatory under Section 129E of Customs Act, 1962: SC

March 13, 2022 2934 Views 0 comment Print

Chandra Sekhar Jha Vs Union of India & Anr (Supreme Court of India) The first proviso of Section 129E of the present Section enacts a limitation on the total amount which can be demanded by way of pre-deposit. The first proviso provides that the amount required to be deposited should not exceed Rs.10 Crores. In […]

Cash embezzlement loss not allowable if not charged to P&L a/c

March 13, 2022 4449 Views 0 comment Print

Avijit Dewanjee Vs DCIT (ITAT Bangalore) ITAT held that as the assessee has not ascertained the loss on account of embezzlement of cash in the books of account and it is shown as sundry debtors suspense account without charging it to the P&L account. At this stage, it is not possible to hold that it […]

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