ITAT Delhi held that assessee qualifying as an eligible assessee, AO is mandatory required to first pass a draft assessment order as per section 144C(1) of the Income Tax Act. Passing of assessment order without following the mandatory requirement results in invalidation of final assessment order.
ITAT Delhi held that statutory approval given by a quasi judicial authority (here, JCIT) without due application of mind as contemplated in section 153D of the Income Tax Act would be fatal to the entire search assessment proceedings.
Manohar Rawat’s case against Laerdal Medical Private Limited for alleged cartelization in a tender gets dismissed by the Competition Commission of India due to lack of evidence.
Dive into the Rekha Oberoi vs MGF Development Ltd. case analyzed by the Competition Commission of India. Learn about alleged contraventions, market dynamics, and conclusions.
Delve into the Supreme Courts judgment on land transfer disputes between tribes and non-tribes in Babasaheb Dhondiba Kute Vs Radhu Vithoba Barde case, clarifying Section 36A of Maharashtra Land Revenue Code.
In Shaji Purushothaman vs. Union Bank of India, the CoC can evaluate an applicant’s settlement proposal under Section 12A against the approved resolution plan.
Learn about a case where a resolution plan approval by CoC binds stakeholders, rejecting an ex-promoter’s attempt to propose a settlement after approval.
Read a detailed analysis of the NCLAT judgment in Nehru Place Hotels And Real Estates Private Limited Vs Sanjeev Mahajan. Learn about the resolution plan approval and settlement proposal rejection.
Explore the detailed analysis of the penalty imposed on Jhalawar Kendriya Sahakari Bank Ltd. by ITAT Jaipur in the case against ADIT (I&CI) for the assessment year 2019-20.
Explore the case of K.S. Chawla & Sons (HUF) Vs JCIT, where ITAT Delhi delves into penalty proceedings under section 271D of the Income-tax Act, 1961, with detailed analysis & conclusions.
