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Archive: 22 February 2024

Posts in 22 February 2024

Crime Victim Not Liable for Investigating Officer’s Procedural Errors: Kerala HC

February 22, 2024 720 Views 0 comment Print

Victim Of Crime Cannot Be Penalized For Procedural Irregularities Committed By Investigating Officer: Kerala HC It would be most significant to note that the Kerala High Court while ruling on a very vital legal point pertaining to the victim of the crime being penalized has as recently as on February 14, 2024 in a most […]

Interest on Loans to invest in Subsidiary Company Shares is Deductible: Bombay HC

February 22, 2024 2133 Views 0 comment Print

Bombay High Court rules that interest paid on loans taken to invest in shares of a subsidiary in normal business activities is allowable expenditure under the Income Tax Act.

Income Tax Assessing Authority Can Issue Multiple Notices: Kerala HC

February 22, 2024 2133 Views 0 comment Print

Kerala High Court rules that there’s no bar for Assessing Authority to issue more than one notice under the Income Tax Act. Detailed judgment analysis here.

CESTAT Chennai Upholds Suguna Poultry Farm’s Import Duty Refund

February 22, 2024 378 Views 0 comment Print

CESTAT Chennai dismisses Commissioner of Customs appeal, upholding Suguna Poultry Farm’s refund claim under section 26A of the Customs Act.

Disputed Clubbing of Turnover Not Adjudicable in Writ Petition: Kerala HC

February 22, 2024 405 Views 0 comment Print

Kerala High Court dismisses writ petition challenging clubbing of income of husband’s driving school and wife’s business, directing appeal.

Patna HC Upholds Settlement Commission Order: Rule 9 Report Validated

February 22, 2024 336 Views 0 comment Print

Patna High Court validates Settlement Commission’s decision despite Income Tax Department’s representation. Analysis provided on Rule 9 report and procedure adherence.

ITAT Quashes Penalty for Vague Notice Lacking Specific Grounds

February 22, 2024 675 Views 0 comment Print

Suryshree Blocks Pvt. Ltd. vs DCIT: ITAT Ahmedabad overturns penalty under Sec 271(1)(c) of Income Tax Act due to failure to find any particulars inaccurate. Analysis provided.

Madras HC direct Appellate Authority to consider Belated GST Appeal Due to Illness on Merits

February 22, 2024 1476 Views 0 comment Print

Belated filing of appeal due to illness: Madras High Court directs GST Appellate Authority to consider appeal on merits. Detailed analysis of the case provided.

Lack of Trustee Signature on Balance Sheet Not Grounds to Dispute Fund Genuineness

February 22, 2024 408 Views 0 comment Print

Dive into the case of Variya Prajapati Chovashi Gyati Samsth Vs ITO, where the absence of trustee signatures on the balance sheet is questioned, impacting the genuineness of funds.

Kerala HC Dismisses Writ Petition on Unexplained Cash Deposit

February 22, 2024 618 Views 0 comment Print

Kerala High Court dismisses writ petition challenging assessment order under Section 147 of the IT Act, directing appellant to pursue statutory remedy. Full judgment analysis.

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