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Judiciary

Penalty initiation based on incorrect interpretation: HC directs consideration of appeal without insisting on deposit

December 9, 2023 546 Views 0 comment Print

Madras High Court addresses penalty proceedings in Annamalai Bus Transports vs. PCIT for AY 2018-19. No cash transaction, emphasizes fair assessment.

Priority of Charge Over Secured Creditors – City Union Bank Limited vs TRO

December 9, 2023 627 Views 0 comment Print

Madras High Court clarifies charge priority in City Union Bank vs. Tax Recovery Officer case. First charge holder’s dues have precedence over tax recovery.

Delhi HC Dismisses Appeal, Finding No Substantial Question of Law

December 9, 2023 591 Views 0 comment Print

Explore the Delhi High Court judgment in PCIT vs Nirmal Kumar Minda case. Learn how the court dismissed the appeal, emphasizing the absence of substantial questions of law for Assessment Year 2018-19.

SC order on transfer pricing on transfer of power to sister unit, claim of expenses

December 9, 2023 1035 Views 0 comment Print

Explore the key aspects of the CIT vs. Jindal Steel case in the Supreme Court of India. Detailed analysis on transfer pricing, deduction under Section 80 IA, and more.

ITAT Grants Final Opportunity: Remits Unexplained Income Case to CIT(A) for Reexamination

December 9, 2023 465 Views 0 comment Print

Explore the ITAT Mumbai order in the Devang Jitendra Mashru vs ITO case for AY 2010-11. Uncover the addition under section 69 and the final opportunity granted due to transaction information absence.

TDS Deducted by Employer cannot be Recovered from deductee: Delhi HC

December 9, 2023 999 Views 1 comment Print

Explore Delhi High Court’s ruling on TDS recovery, citing Income Tax Act Section 205. Analysis of Vishesh Khanna Vs DCIT & Ors case. Full judgment details.

HC upheld Section 40A(3) addition in absence of evidence against addition

December 9, 2023 411 Views 0 comment Print

Explore the Kerala High Court judgment in P.V. Thomas Vs ITO, upholding Income Tax Act Section 40 (3) addition. Detailed analysis and implications for assessment year 2015-2016.

CENVAT Credit Disallowance: CESTAT Mumbai Directs Re-adjudication

December 9, 2023 348 Views 0 comment Print

Read the full CESTAT Mumbai order on Hindustan Coca-Cola Beverages’ restoration claim disallowance. Detailed analysis of CENVAT credit issues and re-adjudication directive.

HC dismisses revenue appeal against addition on protective basis as substantive addition deleted

December 9, 2023 837 Views 0 comment Print

Tribunal dismissed the appeal considering the drop of the substantive addition on merits. The Court, however, found no substantial question of law for consideration, given that the addition in the hands of the respondent/assessee was protective.

Delayed Payment: No Deduction for Employee’s PF & ESIC Contribution

December 9, 2023 2319 Views 0 comment Print

Explore the ITAT Mumbai ruling in KMTC (India) Pvt Ltd vs CIT(A) case. Learn about deductions for employee contributions to PF & ESIC deposited belatedly. Full text included.

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