Judgements by Guest

Offence Liability of FERA is not solely dependent on the designation of the officer but also on his/her role in Company Affairs

Guest 07 August 2020 at 09:59

In the case of Shailendra Swarup vs. the Deputy Director, Enforcement Directorate, the Supreme Court bench comprising of Justice Ashok Bhushan, and Justice R. Subhash Reddy delivered a judgment stating that the proceedings complying with section 68 o

Posted in Corporate Law | 99 Views

Factors to be considered while computing compensation to be given to an employee in a motor vehicle accident

Guest 06 August 2020 at 08:51

The Supreme Court has observed that while applying the multiplier method in computing Motor Accident Compensation, future prospects on advancement in life and career are also to be taken into consideration.

Posted in Corporate Law | 100 Views

Computation of total Income with disallowance of payment u/s 40

Guest 05 August 2020 at 17:14

Computation of total Income with disallowance of payment u/s 40 (a)(ia)

Posted in Income Tax | 67 Views

Denial of Input Tax Credit (Inverted Duty Structure) to be called invalid

Guest 03 August 2020 at 15:43

From the conjoint reading of the provisions of Act and Rules, it appears that by prescribing the formula in Sub-rule 5 of Rule 89 of the CGST Rules,2017 to exclude refund of tax paid on "input service" as part of the refund of the unutilized input ta

Posted in GST | 133 Views

Bail by HC to person allegedly involved in issuing fake invoice

Guest 01 August 2020 at 14:08

High Court decided to grant the bail to the petitioner who is allegedly guilty of creating bogus firms/companies solely for the purpose of fraudulently creating and issuing GST invoices without any sale/purchase and actual movement of goods.

Posted in GST | 162 Views

Inculding notional rent from vacant property

Guest 01 August 2020 at 14:03

The issue under consideration is whether the addition on account of notional rent in respect of vacant property is justified in law?

Posted in Income Tax | 71 Views

Computation of totoal Income with disallowance of payment u/s 40 (a)(ia)

Guest 01 August 2020 at 11:36

Computation of total Income with disallowance of payment u/s 40 (a)(ia)

Posted in Income Tax | 76 Views

Physical Meetings cannot be substituted by postal ballots

Guest 12 July 2014 at 13:30

The issue raised before the Bombay High Court was that whether a resolution for approval of a Scheme of Amalgamation can be passed under Section 110 of the Companies Act, 2013 and SEBI Circular dated May 21, 2013, by a majority of the equity sharehol

Posted in Others | 1020 Views

Account of disallowing warrant cost & warranty cost for computing the book profit u/s 115JBV of IT Act

Guest 06 January 2014 at 11:32

This is a set of two revenue’s appeals for A.Y. 2004-05 and 2005-06 on the quantum assessment and the corresponding cross-objections by the assessee. Revenue has also filed appeal against deletion of penalty u/s 271(1)(c) for A.Y. 2005-06.

Posted in LAW | 1 comments | 6918 Views

Ascertained liability allowable under the mercantile system of accounting (Principle of Consistency)

Guest 31 December 2013 at 11:38

The assessee is a Company and is engaged in the business of manufacturing of white crystal sugar. It filed its return of income on 25.11.2006 declaring total income of Rs.1,01,251/-. The Ld.AO complete the assessment u/s 143(3) on 31.12.2008 determin

Posted in LAW | 7313 Views