The Supreme Court of India has held that *FRANKLIN TEMPLETON TRUSTEE SERVICES PRIVATE LIMITED AND ANOTHER VERSUS AMRUTA GARG AND OTHERS* Forum -Supreme Court of India Date-12/02/2021 *Sub-Whether winding up of the schemes of the Franklin Templeton based on the consent of the unit holders in the e-voting was valid or it required consent of all the Unit Holders* . An interesting issue… Read More ...

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The Central Information Commission has held that A sum of Rs.2500/- has been imposed on the CPIO and DCIT Mrs. Chinmay Marathe, office of the CCIT, Ranchi for obstructing information to the applicant on false grounds. Read More ...

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The ITAT, JAIPUR BEFORE: SHRI SANDEEP GOSAIN, JM & SHRI VIKRAM SINGH YADAV, AM has held that 1. In the case appeal filed before THE INCOME TAX APPELLATE TRIBUNAL, where the appellate opt to VIVAD SE VISHWAS SCHEME. The ITAT only adjudicate the issue of condonation of delay. Held yes. 2. In a government company the delay can be condone 427 days on the ground of transfer/retirement of concerned person who have… Read More ...

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The IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES “A”, JAIPUR has held that 1.Whether the order passed u/s 12AA(3) and 4 by PCIT (central) for cancellation of Registration of trust is illegal invalid due to without jurisdiction where the jurisdiction of assent purpose transfer to central circle u/s 127 from the exemption, held yes (in favour of assessee). 2.Whether the order for cancellation of registration of a trust… Read More ...

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The ITAT Mumbai has held that The ITAT Mumbai had to consider two questions of law: 1. On the facts and in the circumstances of the case and in law, the Commissioner of Income-tax (A) has erred in upholding the action of the learned Assessing Officer to tax Employee Stock Option as perquisite u/s 17. 2. Without prejudice to above, on… Read More ...

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The The High Court of Uttarakhand at Nainital has held that On the Writ Petition of The Dehradun Chartered Accountants Society for extension of the due date for filing ITR & TAR, the hon'ble High Court of Uttarakhand permitted the petitioner to submit fresh representation before the CBDT & directed the CBDT to leniently consider the said representation after giving the petitioner the opportunity of being… Read More ...

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The Supreme Court of India has held that *VELLANKI FRAME WORKS VERSUS THE COMMERCIAL TAX OFFICER, VISAKHAPATNAM* *Forum-Supreme Court of India* *Date-13th January,2021* *Sub: What is high seas Sale under the Central Sales -tax Act as well as Customs Act and who is an importer- Landmark decision * 
The Apex court in the above matter was dealing with a situation where the appellant… Read More ...

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The Supreme Court of India has held that *THE MAVILAYI SERVICE COOPERATIVE BANK LTD. & ORS. Versus COMMISSIONER OF INCOME TAX, CALICUT & ANR.* *Date-12th January 2021* *Forum-Supreme Court of India* *Sub-Whether Cooperative society granting loans to nominal members as per the statute is eligible to get deduction u/s 80P of the Income-tax Act,1961.* The three judges bench of Apex Court in the… Read More ...

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The C I T (Appeals) - 7, Pune has held that Capital Gain on Sale of Agricultural Land Read More ...

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The Supreme Court of India has held that *Issue-Whether one sided terms and conditions in the agreement for sale of flat amounts to unfair trade practice?* *Forum-Supreme court of India* *Date-11th January 2021* *Citation-Ireo Grace Realtech Private limited Vs Abhishek Khanna & Ors * The apex court in the above matter which reached apex court from the order passed by the National Consumer… Read More ...

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