Kolkata ITAT Grants Benefits To Primary Agricultural Credit Societies Under Section 80P(2)(i) Of The IT Act The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that primary...
Mens Rea Essential For Establishing Offence Of Filing Delayed ITR: Rajasthan High Court The Rajasthan High Court has ruled that mens rea is a necessary element for finding an assessee guilty of the...
Delhi High Court Directs Department to Remove Demands, Penalty from ITBA Portal for Non-Compliance with ITAT Order The Delhi High Court has ruled that the Department failed to adhere to the Income...
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...
AO Failed to Verify Genuineness and Creditworthiness of Transactions: Delhi High Court The Delhi High Court bench, comprising Justices Yashwant Varma and Purushaindra Kumar Kaurav, concluded that the...
Madras High Court Waives 10% Pre-Deposit in Cooperative Bank's Writ Appeal Following Assessee's Payment of 10% of Demand The Madras High Court has waived the requirement for a 10% pre-deposit since...
Delhi High Court: 20% Pre-Deposit Not Required for Stay Application during Pendency of First Appeal The Delhi High Court has ruled that the requirement of a 20% pre-deposit is not obligatory for the...
Delhi High Court Mandates ITAT to Rectify Manifest Errors on Record by Recalling Orders under Section 254 It Act The Delhi High Court dismissed the appeal filed by the Revenue, citing an 86-day delay...
Delhi High Court Disapproves Arbitrary 'Pick-And-Choose' Method for Rejecting Entries in Books of Account The Delhi High Court has ruled that rejecting entries from accounting books using...
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...
Rajasthan High Court: Admission of Transaction Undisclosed In ITR Constitutes Grounds for Reassessment under Section 148 IT Act The Rajasthan High Court has observed that when the assessee...
Bombay High Court: Interest Paid On A Loan Taken To Invest In Shares Of A Subsidiary As Part Of Regular Business Activities Is Allowable Expenditure The Bombay High Court has ruled that when an...
