Delhi High Court held that non-satisfaction of conditions for reopening assessment u/s. 153C of the Income Tax Act doesn’t ...

The AO, after considering other transactions, found ₹24 crore of the receipts unexplained, which led to an income assessment ...

Gauhati High Court held that in case bank account is frozen then appeal can be entertained without any pre-deposit if the account which is frozen has deposits equivalent or more than amount of ...

Bombay High Court held that the system-generated provisional acknowledgement of the appeal shows that requisite pre-deposit has been made, thus dismissal of appeal for non-compliance with necessary ...

5.1 Since the assessee has not entered into transaction with entities namely RS Enterprise and Suruchi Trading as alleged by the revenue, I decline to interfere with the order of the ld. CIT (A). 6.

NCLAT Delhi held that rejection of application u/s. 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) justified due to ...

Held that the fuel oil lying in the engine room is part and parcel of the ship which is imported for breaking which means the ...

Bombay High Court held that rejection of application for waiver of interest under section 234C without addressing the submissions highlighted by the petitioner. Accordingly, waiver application ...

Maniar Vs ITO, the Income Tax Appellate Tribunal (ITAT) in Ahmedabad partially upheld the addition of Rs. 79.35 lakh under Section 69 of the Income Tax Act, treating it as an unexplained investment.

Kerala High Court held that amount of interest received by the foreman of a chit on defaulting subscriptions cannot be said to be amounts received as consideration for the supply of services. Thus, ...

No addition u/s. 68 of the Income Tax Act, 1961, merely for trading in penny stock, when the assessee submits necessary details and the AO fails to bring anything contrary on record.

Renting of Commercial Property – Taxable as it was not covered under exemption list. Renting of Residential property – ...