Rajesh Kumar Dudani Vs State of Uttarakhand (Uttarakhand High Court) It is the case of generating fake and forged invoices so as to claim ITC. In their objections, the respondent no.2 has given categorical details of such dubious transactions and has also submitted as to how in one day, the money has routed in different […]
In our opinion, the assessee is having no explanation with regard to generation of scraps and sale of the same. In our opinion, it is only a make-believe story so as to account the unaccounted cash generation by assessee. In view of this, we do not find any merit in the argument of the learned Counsel for the assessee.
Court is of the view that the recovery of the annual report and the share certificate of the Petitioner from premises of Minda Group cannot be considered to be incriminating documents.
Ratnamani Metal And Tubes Limited Vs Commissioner of Customs (CESTAT Ahmedabad) We find that there is no dispute to the use of the subject second hand office furniture/equipment in relation to the manufacturing of goods and hence the subject goods are part of complete stainless steel tube manufacturing plant. The authorities below have nevertheless taken […]
Where assessee-firm claimed to have received unsecured loans during relevant years, however, it could not prove genuineness of unsecured loan taken and underneath sources for making these investments, addition made by Assessing Officer under section 68 was justified
Where Assessing Officer, after following directions of Principal Commissioner regarding examining of claim made by assessee for exemption under section 54F, passed an assessment order under section 143(3) read with section 263 holding that assessee was eligible for exemption as it held only one residential property during year, subsequent revision order passed by Principal Commissioner setting aside impugned assessment order as erroneous and prejudicial to interest of revenue was to be quashed
In case, Assessing Officer finds that if property is accounted in books of firm M/s. S.P. Hospital as a commercial property and the property is used for the purpose of hospital, then the Assessing Officer is directed to allow deduction under section 54F of the Act.
Company is using its letter heads which contains CIN as listed even after becoming delisted w.e.f. 21.12.2018 from both stock exchange (NSE & BSE) which shows that company has made violation of Section 12(3)(c) of Companies Act, 2013.
Shri Nitin Gadkari emphasizes importance of E-vehicles in transforming Automobile industry Union Minister for Road Transport and Highways Shri Nitin Gadkari said that automobile industry is being engaged to make more e vehicles. Launching the first Made in India Mercedes-Benz Luxury Electric Car (580 4Matic) at the company’s Chakan plant in Pune, Maharashtra he said […]
Fraudsters use illegal telecom set-ups to route ISD calls received through internet (VoIP) illegally to domestic mobile and wireline customers in India. Illegal telecom setups primarily use internet connectivity on one side and connect to domestic mobile and landline network for distribution of call which is not allowed as per regulations. Such illegal setups pose […]
