ITAT: Manual Cash Book Entries Deemed Non-Incriminating Material For Section 153A IT Act The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the manual cash book includes...
Bombay High Court Directs Disciplinary Action Against AO For Not Passing Order On Assessee's Rectification Application For Six Years The Bombay High Court has instructed disciplinary action against...
Delhi High Court: Reopening Or Abatement Of Assessment Triggered Only Upon Material Discovery The Delhi High Court has held that a reopening or abatement would be triggered only upon the discovery of...
Madras High Court Directs Assessing Officer to Permit Transitional Credit of Purchase Tax Paid Under TNVAT Act for GST Act The Madras High Court has instructed the Assessing Officer to permit...
Gujarat High Court Declines To Intervene In Case Challenging Validity of Notices Issued Under Section 153C of the IT Act In a significant judgment, the Gujarat High Court has declined to intervene in...
Bombay High Court: Share Premium from Share Issuance Is Capital, Does Not Constitute Income The Bombay High Court has ruled that the share premium obtained from share issuance is categorized under...
ITAT: Possession of Transport Vehicles Sufficient for Section 194C TDS Exemption, Legal Ownership Not Mandatory The Jodhpur Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the...
ITAT: Stamp Value As On The Date Of Agreement Of Sale, To Be Considered For The Applicability Of Section 56(2)(Vii)(B) Of The Income Tax Act The Income Tax Appellate Tribunal (ITAT) Delhi Bench has...
ITAT: Subsidy Granted as an Incentive for Encouraging to Setup Industries Not to be Treated as Revenue Receipt The Income Tax Appellate Tribunal (ITAT), Pune, coram comprising of Partha Sarathi...
ITAT: No Penalty Can be Levied for Venial Technical Breach Without ‘Mala Fide Intention’ under Section 271B of Income Tax Act The Income Tax Appellate Tribunal (ITAT), Chennai has observed that when...
Delhi High Court Quashed Reassessment Notice: Whether Notice Issued to an Individual or Corporate Entity Must be Clearly Stated by the AO The Delhi High Court by its coram comprising of Justices...
Bombay High Court: Certificate Issued by Singapore Tax Authorities Constitutes Valid Evidence to Claim Exemption on Capital Gain The Bombay High Court by its division judge’s bench of Justices K.R....
