ITAT Delhi held that reopening assessment under section 148 of the Income Tax Act merely based on the investigation report without concluding the nature of alleged accommodation entry is unjustifiable and liable to be quashed.
ITAT Chandigarh held that addition invoking the deeming provisions of section 69 r.w.s. 115BBE of the Income Tax Act unjustified as nature and source of undisclosed income/ investment duly explained by the assessee.
Mumbai ITAT rules income from sale and subscription of journals not basis to deny exemption u/s 11 if not main objects of trust in ITO vs Satvichar Darshan case. Detailed analysis provided.
DCIT Vs Delight Suppliers Pvt. Ltd. case by ITAT Kolkata, where currency derivative loss was deemed genuine and safe harbour rule of 5% under Section 50C was allowed.
Explore the landmark judgment of Satender Kumar Antil vs. Central Bureau of Investigation, where the Supreme Court of India categorizes offenses for bail and emphasizes the importance of liberty in modern civilization.
Delve into the detailed analysis of the Rajasthan High Court judgment in Sohan Singh Raos bail application under Section 439 Cr.P.C. for alleged tax evasion. Explore arguments, case comparisons, and courts decision.
Explore the detailed analysis of Sumit Duttas fifth bail application under Section 439 of Cr.P.C. in Rajasthan High Court, regarding a CGST offence, examining legal precedents and court directives.
Detailed analysis of Ratnambar Kaushiks bail plea under Section 439 of CrPC, involving charges under CGST Act. Rajasthan High Courts decision discussed.
ITAT Mumbai held that as under distribution segment assessee is purchasing Finished Drug Formulation from its AE for sale in India and under manufacturing segment assessee is transacting with non-AEs, it is fair and reasonable to segregated contract of manufacturing activity and distribution activity. Accordingly, matter remanded.
Madras High Court rules that any order under Sec 144(C)(1) must be a draft assessment; detailed analysis of Ramco Cements Ltd. vs ITO case provided.
