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Judiciary

Police Investigation Limitations under PMLA: Orissa HC Case Review

August 6, 2023 381 Views 0 comment Print

Insight into the Orissa High Court’s ruling in the case Gangadhar Chhatria Vs State of Odisha, emphasizing police investigation limitations under PMLA.

HC grants bail to wife in case of alleged furnishing of forged sureties for Husbands bail

August 6, 2023 555 Views 0 comment Print

High Court of Punjab and Haryana addresses allegations of fraudulent bail process in PMLA offence case against Anita Seth. Get full case insights.

Penalty u/s 271(1)(c) Inapplicable for Additions Using Peak Credit Theory

August 6, 2023 858 Views 0 comment Print

Read the full text of the ITAT Chennai order in the case of Edward Sam Vs ITO. Penalty provisions u/s 271(1)(c) are analyzed in light of quantum additions made using peak credit theory

ENVAT Credit on Input Services for Output Service Can’t Be Denied

August 6, 2023 420 Views 0 comment Print

CESTAT pointed out that as the department had accepted the payment of service tax on output service, denying the CENVAT credit on input services, used for providing output service, was unjustified.

ITAT Upholds Disallowance of Long Term Capital Loss Claim Due to Lack of Proof

August 6, 2023 276 Views 0 comment Print

Explore the case Fab Engineering Pvt. Ltd. vs ITO, where ITAT Ahmedabad upheld disallowance on long-term capital loss claim from sale of company shares.

Difference in Transaction Perception Doesn’t Mean Inaccurate Particulars

August 6, 2023 363 Views 0 comment Print

Delhi ITAT removes penalty on Riyasat Palaces Limited in tax dispute with ACIT, redefining interpretation of inaccurate particulars.

ITAT Deletes Unexplained Investment Addition, Considering Gift by Husband from Explained FundsITAT Deletes Unexplained Investment Addition, Considering Gift by Husband from Explained Funds

August 6, 2023 681 Views 0 comment Print

Get a comprehensive breakdown of the ITAT Delhi case, Rukshana Begum vs ITO, involving explained funds and investment for wife’s financial security in old age.

GS1 India’s Income Tax Exemption Denial: An Insight into Delhi HC’s Verdict

August 6, 2023 591 Views 0 comment Print

Delve into the Delhi High Court’s decision rejecting GS1 India’s tax exemption claim under Section 2(15) of the Income Tax Act, pertaining to AY 2013-14.

Delhi HC: TNMM Suitable Method for Indenting-Transactions ALP

August 6, 2023 396 Views 0 comment Print

Read the full text of the Delhi High Court judgment in the CIT vs. Sumitomo Corporation India Pvt Ltd case, concerning Assessment Years 2012-13 and 2013-14. TNMM found suitable for determining ALP for international indenting-transactions.

Delhi HC Scraps Re-Assessment Order Lacking Officer’s Details

August 6, 2023 696 Views 0 comment Print

Delhi High Court invalidates tax re-assessment order for lack of issuing officer’s information. Explore the court’s reasoning and implications.

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