Judgements and Orders, Supreme Court and High courts of India

When a notice u/s 148 of the Income-tax Act is issued, the notice must file a return and seek reasons for issuing notices

Guest 03 June 2021 at 11:59

Both these appeals are filed by the assessee against the order dated 10/04/2019 passed by the Commissioner of Income Tax (Appeals) Faridabad, for Assessment Year 2009-10.

Posted in Income Tax | 162 Views

Order in contravention of the provisions of S. 250(6) of the Income Tax Act, 1961

Guest 03 June 2021 at 11:59

The present appeal has been preferred by the assessee against the order dated 26.04.2019 of the Commissioner of Income Tax (Appeals)-1, Chandigarh [hereinafter referred to as ‘CIT(A)’].

Posted in Income Tax | 114 Views

Assessee appeals that the Ld. CIT(A) has erred in law and facts of the case by upholding the taxation of income surrendered u/s 1115BBE

Guest 03 June 2021 at 11:59

The present appeal has been preferred by the assessee gainst the order dated 27.05.2019 of the Commissioner of Income Tax (Appeals)-5, Ludhiana [hereinafter referred to as ‘CIT(A)’].

Posted in Income Tax | 228 Views

Re-opening of the assessment on the basis of invalid reasons is liable to be quashed under the IT Act

Guest 03 June 2021 at 11:59

The present appeals have been preferred by the assessee against the orders all dated 31.10.2019 of the Commissioner of Income Tax (Appeals)-1, Chandigarh [hereinafter referred to as ‘CIT(A)’]. ITA 54/CHD/2020 is taken up first for adjudication.ITA 54

Posted in Income Tax | 102 Views

Under the Income Tax law assessment proceeding for each assessment year is a separate proceeding, clarifies Bombay HC

Guest 01 June 2021 at 10:45

Heard Mr. J. D. Mistri, learned senior counsel for the petitioner; Mr. Suresh Kumar, learned standing counsel revenue for respondent No.1; and Mr. R. V. Desai, learned senior counsel for respondent No.2.

Posted in LAW | 141 Views

Bombay HC: Section 34(8A) of the Gujarat Value Added Tax Act, 2003 is not pari materia with section 58 of the VAT Regulations

Guest 01 June 2021 at 10:45

Subject matter and reliefs sought for in all the writ petitions being identical, those were heard together and are being disposed of by this common judgment and order.

Posted in LAW | 119 Views

Under coercion it was compelled to pay a huge amount of customs duty i.e., Rs.2,96,80,536, claims petitioner

Guest 01 June 2021 at 10:45

Heard Mr. Vikram Nankani, learned senior counsel for the petitioner and Mr. Rajshekhar Govilkar, learned counsel for the respondents.

Posted in LAW | 102 Views

Criteria for interest on delayed payment of refund u/s 11BB of the Central Excise Act, 1944

Guest 01 June 2021 at 10:45

By filing this petition under Article 226 of the Constitution of India, petitioner seeks a direction to the respondents to forthwith grant and sanction interest on the refund amount after expiry of three months from the respective dates of applicatio

Posted in LAW | 85 Views

Petitioner questions the legality, propriety and correctness of the recovery certificate issued u/s 101 of Maharashtra Co-operative Societies Act, 1961

Guest 01 June 2021 at 10:45

Rule. Rule made returnable forthwith and with the consent of the counsels for the parties, heard fnally at the stage of admission.

Posted in LAW | 119 Views

Blueblood Ventures Limited Vs Deuty Commissioner of Income Tax

Guest 01 June 2021 at 10:45

It is the petitioner’s case that it owed monies to an entity, going by the name, Shridham Distributors Private Limited [in short 'SDPL']. According to the petitioner, the debt owed to SDPL was defrayed, by transferring Zero Coupon Optionally Convert

Posted in LAW | 110 Views