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Section 80P(2)(d) deduction on interest/dividend income out of investments with co-op society

June 15, 2024 1227 Views 0 comment Print

Learn about the ITAT Bangalore ruling allowing deduction claims for interest earned from credit facilities extended to members by Chokkadi Vyavasaya Seva Sahakari Bank.

Madras HC quashes GST Assessment Order for Lack of Natural Justice

June 15, 2024 954 Views 0 comment Print

Read the detailed analysis of Madras High Court’s judgment mandating reconsideration of 10% pre-deposit in Crystal Granites vs Asst Commissioner (ST) case.

Madras HC allows Return of Passport to Smuggling accused on Humanitarian ground

June 15, 2024 558 Views 0 comment Print

Read the detailed analysis of the Madras HC’s judgment granting conditional return of passport to a Malaysian national facing trial for smuggling gold bars worth Rs.2.2cr.

ITAT quashes order rejecting Section 80G registration application (Form 10AB)

June 15, 2024 1632 Views 0 comment Print

CBDT extends Form 10AB filing to 30.06.2024. ITAT Chennai rules in favor of Earth Trust, setting aside CIT(E) order canceling registration u/s 12AB.

Electricity dues not part of resolution plan gets extinguished upon CIRP approval

June 15, 2024 789 Views 0 comment Print

Meghalaya High Court ruling states pre-takeover electricity dues cannot be recovered from present owner under IBC. Detailed analysis of the judgment provided.

IBC Proceedings Don’t Bar liability for bounced Cheque: Madhya Pradesh HC

June 15, 2024 915 Views 0 comment Print

Madhya Pradesh HC ruled IBC proceedings do not exempt signatories from liability under NI Act. Court upheld Rs. 13.73 lakh deposit for sentence suspension.

Reassessment notice invalid if petitioner was not provided with complete details

June 15, 2024 1122 Views 0 comment Print

Allahabad High Court deems reassessment notice invalid as petitioner wasn’t informed about cash deposits from M/s Agarwal Bullion. Read the detailed analysis here.

Commissioner (Appeals) not justified in dismissing appeal without examining merits

June 15, 2024 930 Views 0 comment Print

Appeal rejected on misinterpretation of Customs Act. CESTAT remands case to decide on merits. Goods clearance deemed final.

ITAT direct release of seized cash & Criticizes AO & CCIT for frivolous appeal

June 15, 2024 681 Views 0 comment Print

Read the detailed analysis of ITAT Delhi’s decision to delete the income tax addition of Rs. 89 lakhs seized by CBI from Eldeco Infrastructure & Properties Ltd.

Bail denied in Alleged Misuse of Post Matric Scholarship Funds for SC/ST/OBC Students

June 15, 2024 1026 Views 0 comment Print

Himachal Pradesh HC denies Rajdeep Singh’s bail in the misappropriation of SC/ST/OBC scholarship funds case, citing unsatisfactory conditions under Section 45 of PMLA.

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