Presence of mens rea is deemed essential for imposition of penalties related to tax evasion. Mere technical errors, without evidence of intent to evade taxes, do not warrant penalty imposition.
Get insights into the recent judgment by the Chhattisgarh High Court favoring Mahindra & Mahindra Limited, setting aside an adverse order under CGST Act Section 73.
Allahabad High Court ruling clarifies that pre-deposit condition for CEA appeals cannot be waived in writ jurisdiction, citing precedents and legal analysis.
Explore how the Bombay High Court ruled against reopening Section 143(1) assessments without valid reasons, safeguarding taxpayers’ rights. Detailed analysis and implications.
Bombay High Court’s ruling on Cardinal Energy vs. Subramanya Construction explores the power of Arbitral Tribunals to include non-signatories to arbitration agreements.
Lease Plan India Pvt. Ltd. vs. Rudraksh Pharma Distributor & Ors.: Delhi HC confirms sufficiency of service via email & WhatsApp in arbitration proceedings.
Explore the detailed analysis of the Delhi High Court judgment in ACIT Vs Ojjus Medicare Pvt. Ltd. regarding assessment proceedings under Section 153C of the Income Tax Act.
Understand the implications of delayed return filing in tax matters based on the Sincon Infrastructure Pvt. Ltd. vs. Union of India case at the Patna High Court. Learn how interest is applied even if tax is paid from the credit ledger.
Sunil Pran Sikand Vs ACIT (Bombay High Court) In the recent case of Sunil Pran Sikand Vs ACIT before the Bombay High Court, a crucial question arose regarding the tax treatment of income derived from subsequent development grants. This case sheds light on the intricate balance between categorizing such income as long-term capital gains or […]
Addition for excessive shortage not sustainable if trading account of assessee are accepted to be correct and complete and AO Cannot make addition of profit under Section 41(2) on assumptions and presumptions
