Merely because certain cash was deposited in the specified bank notes by the assessee during the demonetization period will not make the assessee tainted party when the very same transaction are being made by the assessee in the part as well as in the future.
Detailed analysis of Dhoom Singh Sharma Vs ITO case where ITAT Delhi accepts agricultural income proof, overturning Rs.16.4 Lakhs addition. Read the full order.
Customs Brokers are not obligated to authenticate transactions beyond provided documents unless discrepancies are evident. The Tribunal partially upheld the impugned order, reducing penalties and affirming partial forfeiture of security deposits.
Read detailed analysis of Calcutta High Court’s judgment allowing income tax deduction under Section 80-IC for manufacture of pan masala without tobacco.
Detailed analysis of the ITAT Kolkata ruling on Shringar Marketing Pvt. Ltd. Vs PCIT, highlighting key arguments, legal precedents, and the final judgment.
Supreme Court verdict on Maruti Wire INDS. Pvt. Ltd. vs S.T.O. examines penal interest under Kerala General Sales Tax Act, 1963. Learn about the judgment’s implications.
Supreme Court’s judgment in Pratibha Processors vs Union of India clarifies the interpretation of Section 61(2) of the Customs Act regarding interest on duty.
Understand the Supreme Court ruling on whether interest paid under the U.P. Sugarcane Cess Act, 1956 qualifies as a deduction under the Indian Income Tax Act. Read the detailed analysis now.
Explore the Calcutta High Court judgment quashing an income tax demand notice issued contrary to an assessment order for the assessment year 2015-16. Understand the impact on taxpayers rights and legal compliance.
Detailed analysis of Competition Commission of India’s order regarding Cinema Ventures Pvt Ltd not passing GST rate reduction benefits on movie tickets. Explore findings, arguments, and conclusions.
