The Supreme Court dismissed Madhumilan Syntex Ltd.’s appeal against prosecution for delayed TDS payment under the Income Tax Act. Read the case summary.
Gujarat High Court quashes reassessment notice under Section 148 issued to Adani Wilmar’s amalgamated entity, citing legal precedents on corporate non-existence.
The Board of Discipline reviewed allegations against CA. Upendra Muley, focusing on fraud claims. Findings highlight lack of evidence and inconsistencies in accusations.
The Bombay High Court ruled that an income tax notice issued to a non-existent amalgamated Uber entity was invalid, citing legal precedents on corporate mergers.
PCIT was not justified in assuming jurisdiction u/s 263 in the case of Bank of Maharashtra allowing deduction under Section 36(1)(via) as Assessing Officer’s (AO) assessment order was not erroneous, even if it was prejudicial to the interest of revenue.
ICAI Board of Discipline finds CA not guilty in a dispute over a No Objection Certificate for a new auditor appointment, citing complainant’s lack of standing.
The Supreme Court examined tax issues in Apollo Tyres Ltd. vs. CIT, including the role of assessing officers under Section 115-J and eligibility of UTI income under Section 32AB.
ICAI Board of Discipline finds CA Hari Sethumadhavan Nair not guilty in case related to Swan Telecom funding and UAS licenses, citing lack of evidence.
Aggrieved by the order passed by AO, assessee moved on with an appeal to CIT(A), where assessee challenged the reopening of the assessment, arguing that Section 148 was not justified.
ICAI Board acquits CA Gautam Doshi, citing lack of evidence and judicial precedents from the 2G spectrum case. Detailed findings and observations included.
