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Latest Supreme Court Verdicts

  1. Ram Siromani Tripathi vs. State of U.P. (Supreme Court) The appeals are dismissed for non-prosecution in terms of the signed order. We make it clear that since we have not found it to be a good ground for adjournment, under no circumstances, application fo .....

  2. Anil Kumar Nehru vs. ACIT (Supreme Court) It is a matter of record that on the identical issue raised by the appellant in respect of earlier assessment, the appeal is pending before the High Court. In these circumstances, the High Court shoul .....

  3. Council of ICAI vs. Gurvinder Singh (Supreme Court) The Disciplinary Committee has, on facts, found the Chartered Accountant guilty of a practice which was not in the Chartered Accountant’s professional capacity. This, it was entitled to do under Sch .....

Latest High Court Verdicts

  1. Cenveo Publisher Services India Ltd vs. UOI (Bombay High Court) Asian Paints Ltd. Vs. Dy. Comm. Of Income Tax & Ors. reported in 296 ITR 90 Bom has provided that if the Assessing Officer does not accept the objections of the assessee, he shall not proceed fur .....

  2. PCIT vs. NDR Promoters Pvt. Ltd (Delhi High Court) The transactions in question were clearly sham and make-believe with excellent paper work to camouflage their bogus nature. Accordingly, the order passed by the Tribunal is clearly superficial and ado .....

  3. PCIT vs. Hardik Bharat Patel (Bombay High Court) our attention is drawn to Circular No. 6 of 2016 dated 29.2.2016 issued by the Central Board of Direct Taxes (CBDT). This circular issued with regard to the issue of taxability of surplus on sale of s .....

Latest ITAT Verdicts

  1. Mahavir Jhanwar vs. ITO (ITAT Kolkata) The proposition of law laid down in these case laws by the Jurisdictional High Court as well as by the ITAT Kolkata on these issues are in favour of the assessee. These are squarely applicable to the .....

  2. ITO vs. Yadu Steels & Power Pvt. Ltd (ITAT Delhi) Under Section 68 onus is upon assessee to prove three ingredients, i.e., identity and creditworthiness of credit entries. As to how onus can be discharged would depend on facts and circumstances of ea .....

  3. Rajkumar B. Agarwal vs. DCIT (ITAT Pune) The entire position which thus emerges is that PIL is a penny stock company, which fact got established from enquiries conducted by BSE and SEBI. Not only the DSP shares and Securities Ltd. and Galaxy .....

Latest Useful Information

  1. AOs Should Appear Before CsIT(A) & Properly Defend ‘Quality’ Assessment Orders: CBDT The CBDT has issued a directive dated 14th February 2019 in which it has stated that all assessment orders which are marked as "quality orders" should be duly represented before the CIT(A) by .....

  2. IRS Officers Appointed Joint Commissioners Of Income-tax The CBDT has vide Office Order Nos. 26 and 27 of 2019, both dated 14th February 2019, stated that the President has extended the ad-hoc appointment of several IRS officers to the grade of Joint Commis .....

  3. “Habitually Corrupt” IRS Officer & 90-Year Old Mum Sentenced To 7-Years RI For Corruption An IRS Officer, who attained notoriety for being "habitually corrupt", has been found guilty and sentenced to 7-years of rigorous imprisonment. His 90-year old mother, who was his accomplice .....

Latest Articles By Legal Luminaries

  1. AOs Should Appear Before CsIT(A) & Properly Defend ‘Quality’ Assessment Orders: CBDT The CBDT has issued a directive dated 14th February 2019 in which it has stated that all assessment orders which are marked as "quality orders" should be duly represented before the CIT(A) by .....

  2. IRS Officers Appointed Joint Commissioners Of Income-tax The CBDT has vide Office Order Nos. 26 and 27 of 2019, both dated 14th February 2019, stated that the President has extended the ad-hoc appointment of several IRS officers to the grade of Joint Commis .....

  3. “Habitually Corrupt” IRS Officer & 90-Year Old Mum Sentenced To 7-Years RI For Corruption An IRS Officer, who attained notoriety for being "habitually corrupt", has been found guilty and sentenced to 7-years of rigorous imprisonment. His 90-year old mother, who was his accomplice .....

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  1. How Can Young Professionals Become Successful In Practice? Top Lawyers Reveal Secrets Leading lawyers like Rafique Dada, Janak Dwarkasdas, Aspi Chinoy and Dr. K. Shivaram have explained the steps that young professionals should take to help them get recognition amongst the fellow profe .....

  2. How To Improve India’s Legal System? Professionals Must Offer Suggestions To Chief Justice Ranjan Gogoi Dr. K. Shivaram, Senior Advocate, has sent the clarion call to all professionals to put on their thinking caps and offer suggestions to the Hon'ble Chief Justice of India on how to improve the Country .....

  3. Forget ‘Ease Of Doing Business’: It Will Take At Least 23 Years To Settle Your Tax Dispute! Dr. K. Shivaram, Sr. Advocate, has expressed shock that the Government’s promises of ushering in ‘ease of doing business’ is proving to be nothing more than empty rhetoric .....

Latest Forum Discussions

  1. Re: Objection/Return in response to Notice 148 To receive information about this story until I saw it and wanted to occupy. .....

  2. Loss on sale of pledged shares my client had pledged some listed shares to a financial institution for availing a loan. On failure to repay the loan the lender invoked the pledged shares and sold the shares thru stock exchange in t .....

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