ITAT Mumbai denies capital gain exemption ( Section 54/54F) to Hem Chandra R. Gavankar for investing in a house in his wife and daughter’s name.
Delhi High Court rules against using high premium as the correct test for addition under Section 68 of the Income Tax Act. Full text of the judgment available.
Kerala High Court dismisses writ petition as application for extending limitation, filed after five years, for claiming TRAN 1 transitional credit is rejected. Full judgment.
Government of India penalizes Holitech India with ₹10.50 Lakh for violating Companies Act, 2013. Failure to maintain charges in Form CHG.7 leads to penalties.
Government of India imposes an INR 8.50 Lakh penalty on HOLITECH INDIA PRIVATE LIMITED for violating Companies Act 2013. Detailed analysis of the Board report non-compliance and penalty imposition
Full text of the ITAT Pune order in Yogesh Porwal vs. PCIT. The appeal dismissed due to the appellant’s failure to establish legal standing as the representative of the deceased assessee.
Patna High Court grants relief to Cohesive Infrastructure Developers Pvt. Ltd. due to non-constitution of Appellate Tribunal. Full analysis of the judgment in Cohesive Infrastructure Developers Pvt. Ltd. vs. Central Board of Indirect Taxes and Customs.
Kerala High Court directs Customs to expedite appeal by Dawngate Business Link Pvt. Ltd. on the import of electric scooters in knockdown condition. Full analysis of the judgment.
Delhi High Court confirms penalty on IRS Officer for overstaying study leave for almost 6 years. Full analysis of the judgment and its implications.
Mumbai ITAT deletes penalty under section 271(1)(c) of the Income Tax Act on estimated quantum addition based on information from Sales Tax Department. Full text order.
