Ashim Kumar Mahanta Vs ITO (ITAT Kolkata) The undisputed fact is that in this case Rs.27,68,700/- has been found deposited in the joint account of assessee as well as his wife in the savings bank account of Axis Bank. When confronted by the AO after reopening the assessment, according to the assessee, this amount was […]
Discover why no penalty was imposed for failure to file Form DIN-3 in Rajasthan. Get insights into Companies Act, 2013 violation case, and registrar’s decision
No dispute about illicit transaction of smuggling of old bars. So Commissioner (A) has rightly upheld absolute confiscation of gold bars.
Mother of assessee is staying with her and hence benefit of CBDT Instruction No. 1916 should also be extended to the mother of assessee
ITAT held that intrinsic value of the shares on the basis of net assets divided by the total number of equity shares is most appropriate.
PMS Regulations 24 (3A) provide that Portfolio Manager shall ensure compliance with prudential limits on investment as specified by SEBI
Bilfinger Neo Structo Pvt. Ltd. Vs ACIT (ITAT Ahmedabad) As regards ground relating to Employees Welfare Expenses includible in value of Fringe Benefit Tax, the Ld. AR submitted that the details were properly filed before the Assessing Officer which were never taken into account by the CIT(A) as well as Assessing Officer. Ld. AR further […]
DCIT Vs Analytical Technologies Ltd. (ITAT Ahmedabad) Assessee submitted that there is no contravention of Section 269SS of the Act relating to the loan transactions made through banking channel, the same are availed by the Director and passed to the assessee company through ‘journal entry’ wherein penalty u/s. 271D cannot be levied. The ld. CIT(A) […]
Right to change the name has been held is a facet of fundamental right as guaranteed under Article 19(1)(a) of the Constitution of India
Section 142(2) of N.I. Act clears that no classification of cheque, as bearer or cross cheque/account payee cheque is made for jurisdiction
