Courts: Allahabad High Court
Find latest Allahabad High Court judgments, orders and case laws on Income Tax, GST, Company Law, Customs and other tax, business and legal matters.
Change in depreciation method from SML to WDV is an approved method & depreciation so charged is allowable U/s. 115J
Capital Gain from shares cannot be treated unexplained if sale of shares not proved bogus
Books cannot be rejected merely because loss declared by the Assessee was very high
ADIT has power to take action in cases of search & seizure u/s.132
S. 142A -AO can make reference to valuation officer for the purposes of sec. 69/69A/69B only
Additions based on presumptions for mere adjustment of entries not valid
Transaction once accepted as genuine in assessment can’t be raised in reassessment proceedings
Reopening based on mere report of DVO is invalid, illegal and void-ab-initio
Valuation done by DVO binding on Assessing Officer
S. 68 Assessee cannot be asked to prove source of source or origin of origin
Surrender of income to buy peace of mind is plausible explanation to avoid penalty for concealment
Sale transaction through banking channels can’t be doubted for non-submission of ID proof of buyers
Rule 6 not applies to waste like bagasse, press mud, etc. which are not a manufactured product
Assessee entitled to depreciation on toll road/bridge constructed by it under concession agreement
Allahabad High Court judgments and orders cover a wide range of constitutional, taxation, commercial and other legal disputes. This TaxGuru page brings together Allahabad High Court case laws on Income Tax, GST, Customs, Company Law, insolvency, recovery, penalties, reassessment, writ proceedings and other matters relevant to taxpayers, businesses and professionals. Chartered Accountants, advocates, tax professionals, companies and other readers can use this page to research important rulings and understand the legal principles considered by the Court. The collection includes recent as well as significant earlier Allahabad High Court decisions published on TaxGuru. Case summaries and analysis help readers identify the issues, findings and implications of important judgments while providing access to developments in tax and commercial jurisprudence before the Allahabad High Court.
