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Addition for cash deposit not tenable when Assessee duly explained the source

July 2, 2022 2979 Views 0 comment Print

Kalubhai Ranchhodbhai Dhakecha Vs ITO (ITAT Ahmedabad) A perusal of the assessment order however reveals that there is nothing mentioned in the order that the opening balance was found unsubstantiated. The assessment order only finds a mention of the fact regarding the quantum of opening cash balance 9,06,927/- which included 4,03,585/- agricultural income and 2,78,391/- […]

ITAT advises a little care in filing appeals to dept as all orders of appellate authorities are not erroneous

July 2, 2022 621 Views 0 comment Print

ITAT held that revenue should also be careful when filing the appeals against the order of the appellate authorities. Not all orders of the appellate authorities are erroneous; a little care in filing these appeals would go a long way.

Fresh Limitation period starts from the day of acknowledgment of debt in Balance Sheet

July 2, 2022 6336 Views 0 comment Print

UCO Bank Vs GIT Textiles Manufacturing Limited (NCLT Kolkata) Corporate Debtor contended that the instant petition is barred by limitation. It can be seen that the date of default is mentioned to be 30.09.2012 i.e the date on which the account became NPA. Accordingly, the limitation period for filing the application would ordinarily end on […]

Courts bound to Consider all Contentions while deciding Bail Applications

July 2, 2022 759 Views 0 comment Print

When a bail petition is filed, the Court is bound to take into consideration all the contentions raised and pass an appropriate order. It is necessary to look into the material on record which prima facie connects the accused with the crime and adverting to those materials

PPF Account cannot be attached by banks for Settlement of Debt/ Liability

July 2, 2022 12654 Views 0 comment Print

Public Provident Fund account shall not be liable to any attachment in respect of any debt or liability incurred by the account holder.

Court should not decide a matter on hyper technical & unwarranted grounds

July 2, 2022 861 Views 0 comment Print

The Court below ought to have granted the petitioners an opportunity to cure defect in the written statement, instead of taking the drastic step of rejecting the application. It is trite, Courts should make every endevour to dispose of a case on merits rather than on default.

Alternative remedy not a bar to entertain writ petition if question of jurisdiction is involved

July 2, 2022 858 Views 0 comment Print

Imax Infrastructure Private Limited Vs Deputy Commissioner (Calcutta High Court) Mr. Ghosh also raised point of maintainability of the writ petition on the ground of availability of alternative remedy by way of an appellate forum but the same is not sustainable for the reason that it is a well settled principle that alternative remedy is […]

HC Sends disputed cheque to Handwriting Expert for Fair Trial

July 2, 2022 7983 Views 0 comment Print

Applicant has disputed the age of ink utilized for signature of applicant on cheque and prayed for comparison of the ink used for text on the body of the cheque, alleging that endorsement was not in full on instrument.

₹1,44,616 crore gross GST Revenue collection for June 2022; increase of 56% year-on-year

July 1, 2022 1797 Views 1 comment Print

₹1,44,616 crore gross GST Revenue collection for June 2022; increase of 56% year-on-year Gross GST collection in June 2022 is the second highest collection next to the April 2022 collection GST collection crosses ₹1.40 lakh crore mark 5th time since inception of GST; 4th month at a stretch since March 2022 The gross GST revenue […]

Notification issued for Tyre Rolling Resistance, Wet Grip & Rolling Sound

July 1, 2022 2106 Views 0 comment Print

The Ministry of Road Transport and Highways has issued a notification  dated 28th June 2022,  amending rule 95 of the Central Motor Vehicles Rules 1989. It mandates  requirements of Rolling resistance, Wet Grip and Rolling Sound Emissions for tyres falling under classes C1(passenger cars) , C2 ( light truck) and C3 (truck and bus), as […]

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