"A Blogger by Passion and a Chartered Accountant by Profession."
Bombay High Court invalidates reassessment notice under Section 148 of the Income Tax Act, citing failure to meet jurisdictional conditions under Section 147.
CESTAT Delhi rules customs duty exemption cannot be denied if export obligations are met and EODCs issued, overturning a ₹21 crore demand.
Bombay High Court dismisses Shandilya Properties LLP’s petition challenging an income tax assessment order, directing them to exhaust statutory appeal remedies.
ITAT Chennai orders CIT(E) to reconsider Sri Ramajayam Educational Trust’s Form 10AB application, citing rejection on technical grounds and lack of opportunity for correction.
Cooperative banks fall within definition of cooperative society under Section 2(19). ITAT concluded that assessee was entitled to deduction under Section 80P(2)(d).
Gujarat High Court quashes ITAT order in PCIT Vs Ashokji Thakor, restoring AO and CIT(A) decisions on unexplained investments due to non-cooperation by assessee.
Madras High Court dismisses Siva Industries’ appeal due to a 2139-day delay, citing lack of diligence and bonafide reasons. Key judicial precedents considered.
The Supreme Court dismissed Ajay Dabra’s appeal for specific performance, citing delay in filing. The judgment discusses Section 149 CPC and past precedents.
Gujarat High Court sets aside reassessment notice under Section 148 issued to Khushboo Anand Bhayani for F&O trading profits, citing lack of independent verification.
Delhi High Court rules that Section 68 does not apply when shares are issued for goodwill without monetary consideration. No substantial question of law found.
