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Delhi HC Permits Revenue to Approach Court in Black Money Act Violation case

January 16, 2024 1077 Views 0 comment Print

Explore Delhi High Court’s decision allowing the revenue to challenge Black Money Act proceedings in PCIT vs. Ashok Kumar Singh. Detailed analysis of the judgment.

Conditions for invoking Section 263: AO Order must be Erroneous & Prejudicial to Revenue

January 16, 2024 1038 Views 0 comment Print

Explore the Delhi High Court’s judgment on CIT – International Taxation, highlighting the invalidity of invoking S. 263 without satisfying twin conditions. Full analysis and implications.

SCN Receipt 2 hour before hearing time: Madras HC quashes order directing ITC Reversal

January 16, 2024 780 Views 0 comment Print

Explore the Madras High Court’s judgment in Brakes India Pvt. Ltd. vs. Assistant Commissioner, highlighting the quashing of an ITC reversal order due to inadequate notice. Full analysis and implications.

AO’s Addition Unsustainable Without Incriminating Material from Relevant Search: Delhi HC

January 16, 2024 2850 Views 0 comment Print

Delhi High Court’s ruling in PCIT (Central) vs. Sanjay Singhal upholds ITAT’s deletion of addition under Section 69A for AY 2015-16, emphasizing need for incriminating material for valid additions.

Plea of defect in the notice not accepted as it had caused no prejudice to assessee

January 16, 2024 1797 Views 0 comment Print

Bombay High Court held that plea of defect in the notice cannot be accepted as it had caused no prejudice to the assessee and the assessee “clearly understood” what was the purport and import of notice issued under section 274 read with Section 271 of the Act.

Delhi High Court Closes CCD Taxation Appeals, Awaits Supreme Court’s Final Decision

January 16, 2024 1758 Views 0 comment Print

Delhi High Court disposes of CIT Vs Zaheer Mauritius appeals, addressing taxability and capital gains nature of Compulsorily Convertible Debentures under India-Mauritius DTAA.

Delhi HC Quashes GST Registration Cancellation SCN for not having detailed reasons

January 16, 2024 1008 Views 0 comment Print

Delhi High Court quashes show cause notice for GST registration cancellation without proper details. Learn about Kundan Impex Vs Commissioner of Department of Trade And Taxes case.

Bombay HC Quashes AY 2013-14 Notices Post 31-03-2021, Rules TOLA Not Applicable

January 16, 2024 12375 Views 0 comment Print

The Bombay High Court recently delivered a significant judgment in the case of New India Assurance Company Limited Vs ACIT, reshaping the landscape of tax law.

AO Conducted Enquiry on High Premium Shares; PCIT Error in Section 263 Exercise: HC

January 16, 2024 1653 Views 0 comment Print

Delhi High Court ruling on PCIT vs Trojan Developers Pvt. Ltd. AO’s enquiry on high premium shares and HC’s critique of Section 263 exercise. Full text of judgment.

HC Emphasizes Fairness in Retrospective GST Registration Cancellation

January 16, 2024 1272 Views 0 comment Print

Delhi High Court quashes the cancellation of GST registration for Radhey Trading Company, citing insufficient details in the show cause notice and retrospective cancellation order.

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