Courts: Gujarat High Court
Find latest Gujarat High Court judgments, orders and case laws on Income Tax, GST, Customs, Company Law, IBC and other tax and commercial matters.
Business liability which may be quantified & discharged at a future date allowable if its definite
Validity of charge created against the property by mortgaging the property in favour of financial institutions by the borrower Assessee during pendency of any of the proceedings under the Income-tax Act, 1961
Merely because assessee failed to prove the gift in the manner required by the department, it is not possible to conclude that assessee concealed her income
If assessee accepts loan to meet certain business contingencies no penalty could be imposed under s 271D for violation of s 269SS
Assessee entitled to benefit of section 11 even if certain grant is received from Government for specific purpose but purpose not stated expressly to set up a corpus fund
Recording of satisfaction necessary for CIT before rejection of assessee’s application for waiver of Interest and Penalty
Merely because of the fact that the assessee had asserted that it is a developer in the returns filed by him, it cannot be said that there is any failure on the part of the petitioner to disclose fully and truly all material facts
Service Tax – Section 78 permits benefit of reduction in penalty subject to assessee paying entire amount of tax determined with interest and 25% penalty within 30 days of communication of the order
Penalty under s 271FA is leviable if the assessee fails to respond to the notice for failure of filing annual information return
Certificate under s 68(2) of Finance Act, 1997 cannot be issued if the assessee fails to deposit tax within the stipulated period provided under the VDIS Scheme
Section 14A disallowance – Revenue cannot dictate assessee that how the assessee should use its own fund
Despite Loan at High Rate of Interest, Share capital Gain can not be treated as Business Profit
When assessee commits default under a bona fide belief which is rectified by filing a revised return, it cannot be held liable for penalty under section 271(1)(c)
Expenses incurred for setting up of a new unit in expansion of an existing business are allowable as revenue expenses
Gujarat High Court judgments and orders provide significant guidance on taxation, commercial and regulatory issues. This TaxGuru page compiles Gujarat High Court case laws concerning Income Tax, GST, Customs, Company Law, insolvency, input tax credit, refunds, reassessment, tax demands, penalties and other legal matters. Taxpayers, businesses, Chartered Accountants, advocates and professionals can use this collection to research important judicial precedents and follow developments affecting taxation and business. TaxGuru brings together recent and significant earlier Gujarat High Court decisions with summaries and analysis of key issues and legal principles. This dedicated page provides convenient access to case law relevant to tax, corporate, commercial and regulatory disputes considered by the Gujarat High Court.
