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Judiciary

Section 148 proceeding cannot be initiated without Addressing Objections u/s 148A(b)

June 5, 2024 1368 Views 0 comment Print

Delhi High Courts verdict on whether a foreign company, exempt under DTAA, can receive a notice for filing returns. Detailed analysis of the case & implications.

Addition to share capital only in respect of actual receipt of consideration: HP High Court

June 5, 2024 528 Views 0 comment Print

Analysis of PCIT Vs I.A. Hydro Energy: Can shares be valued based on DCF method under Rule 11UA? Explore the Himachal Pradesh High Court’s verdict and its implications.

Delhi HC Directs Investigation: GST Registration Cancellation

June 5, 2024 6246 Views 0 comment Print

Balaji Tilak Metal and Alloys P. Ltd. Vs Principal Commissioner of Department of Trade and Taxes case analysis. Delhi High Court orders investigation on new address after GST registration suspension.

ITAT Condoned 852-Day Delay in Appeal filing by Ramji Mandir Trust

June 5, 2024 963 Views 0 comment Print

ITAT Ahmedabad condoned an 852-day delay in appeal filing by Ramji Mandir Trust due to lack of knowledge and ignorance, emphasizing substantial justice over technicalities.

No Section 68 Addition Without Seized Material Link & corroborative evidence

June 5, 2024 807 Views 0 comment Print

Detailed analysis of ITAT Mumbai case of Parag Motilal Savla vs ITO, focusing on lack of substantial evidence for cash loan allegations.

Cash deposit cannot be treated as unexplained without rejecting books of Account

June 4, 2024 8124 Views 0 comment Print

Pilani Industrial Corporation Limited Vs ACIT (ITAT Delhi) case analysis. The ITAT Delhi ruled that cash deposits during demonetization can’t be deemed unexplained without rejecting the books of account. Full text of the order included.

ITAT Kolkata allows Section 80M deduction for ‘Dividend Distributed’ before Income Tax Return filing due date

June 4, 2024 462 Views 0 comment Print

Read the detailed analysis of Kolkata ITAT’s ruling allowing deduction under Section 80M of the Income Tax Act for dividends distributed by Purnasons Pvt Ltd vs ITO.

GST: Provisional attachment must be on a genuine apprehension that taxpayer may evade liabilities

June 4, 2024 393 Views 0 comment Print

Bombay High Court scrutinizes Section 83, MGST Act, emphasizing stringent conditions for provisional property attachment by GST Authorities.

No confiscation & redemption fine when issues relates to interpretation

June 4, 2024 375 Views 0 comment Print

Hindustan Distributors Vs Commissioner of Customs case analysis. CESTAT Chandigarh quashes redemption fine and penalty on prime pre-painted steel coils.

Tax on interest received by Indian PE on deposit maintained with Head Office/Overseas Branch

June 4, 2024 504 Views 0 comment Print

Delhi High Court verdict on Commissioner of Income Tax vs Bank of Tokyo-Mitsubishi UFJ Ltd. states that interest received by Indian Permanent Establishment on deposits maintained with Head Office/Overseas Branch is not taxable in India.

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