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Section 148 proceeding cannot be initiated without Addressing Objections u/s 148A(b)

June 5, 2024 1797 Views 0 comment Print

Delhi High Courts verdict on whether a foreign company, exempt under DTAA, can receive a notice for filing returns. Detailed analysis of the case & implications.

Addition to share capital only in respect of actual receipt of consideration: HP High Court

June 5, 2024 888 Views 0 comment Print

Analysis of PCIT Vs I.A. Hydro Energy: Can shares be valued based on DCF method under Rule 11UA? Explore the Himachal Pradesh High Court’s verdict and its implications.

SC Orders Dismissal of Restoration of Writ Petition Due to Inordinate 12-Year Delay

April 8, 2024 2520 Views 0 comment Print

Explore the Supreme Courts judgment on condonation of delay in the case of Union of India vs Jeejeebhoy. Delve into the analysis, principles, and implications for future cases.

SC ruling on payment of UEI in case of transfer of leasehold rights in pursuance of merger

April 6, 2024 2469 Views 0 comment Print

Understand the implications of Jaiprakash Industries Ltd. vs Delhi Development Authority judgment on leasehold rights transfer post-amalgamation/merger and the liability for unearned increase. Learn about M&A planning considerations and legal nuances.

SC allows refund of Stamp duty paid for Increase in Authorised Share Capital in Excess of Maximum Capped Amount

April 5, 2024 1701 Views 0 comment Print

Explore the Supreme Court judgment in State of Maharashtra vs. National Organic Chemical Industries Ltd. regarding stamp duty refund on share capital increase.

Section 148A(d) Order Bound by Notice Scope under Section 148A(b)

February 14, 2024 26649 Views 0 comment Print

Explore Karnataka HCs ruling on Section 148A(d) under IT Act in Vasanthi Ramdas Pai Vs ITO. Analysis covers reassessment proceedings, key arguments, and implications.

MP HC quashes Section 148A(B) Notice & proceedings against deceased assessee

January 25, 2024 1764 Views 0 comment Print

Explore the recent Madhya Pradesh High Court judgment on Urmila Saxena’s case against Central Board of Direct Taxes. The court quashes notice and proceedings on deceased assessee, citing legal precedent

SC Order on Criteria for Invalid Income Tax Return & Issuance of Reassessment Notice

January 24, 2024 4659 Views 0 comment Print

Explore the Supreme Court ruling on reassessment based on unreliable evidence and the distinction between defective and invalid returns in Mangalam Publications Vs CIT case.

Nominee of Shares: SC Ruling on Absolute Ownership vs Succession Laws

December 17, 2023 32958 Views 1 comment Print

Explore the Supreme Court’s landmark decision on whether a nominee of shares holds absolute ownership or is subject to succession laws under the Companies Act and Indian Succession Act

SC order on transfer pricing on transfer of power to sister unit, claim of expenses

December 9, 2023 1737 Views 0 comment Print

Explore the key aspects of the CIT vs. Jindal Steel case in the Supreme Court of India. Detailed analysis on transfer pricing, deduction under Section 80 IA, and more.

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