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Sandip Kumar Bajaj & Another Vs State Bank of India & Another

Calcutta High court : Whether proceedings for declaration of wilful defaulter can continue pending moratorium under the IBC Law-Calcutta high court land mark ruling The Calcutta high court in the case of Sandip Kumar Bajaj & Ors Vs SBI in WP No 236 of 2020 on 15/9/2020 was considering challenge to a SCN issued by State Bank of India… Read More ...

The Chamber of Tax Consultants & Another Vs Union of India & another

Bombay HIgh Court : Validity of Section 49, 50CA, 56 of Income-tax Act,1961 read with Rule 11U, 11UA etc challenged before Bombay High court. The Bombay high court in the case of Chamber of Tax Consultants Vs Union of India in WP No 3575 of 2020 vide order dated 22nd October,2020 issued notice to the Union of India as… Read More ...

Satish Chander Ahuja Vs Sneha Ahuja (Supreme Court)

Supreme Court : Father in law Vs Daughter in law-Supreme court pronounces landmark decision The Apex Courtin the case of Satish Chander Ahuja Vs Sneha Ahuja in Civil Appeal No 2483 of 2020 dismissed the appeal of father in law where interalia it was argued that the house property where daughter in law was staying since marriage was… Read More ...

Dr Jyoti Vajpayee vCommssioner of Income Tax Lucknow

Allhabad High Court , Lucknow Bench Lucknow: sec 10 (8) of the Income Tax Act. Agreement covered within the vires of sec10(8) cannot be subjected to TDS. The Learned Commissioner of Income Tax in exercise of his powers u/s 264 had disallowed the contention of the Assessee on the grounds inter alia that the particular exemption provisions will apply to only to… Read More ...

SHRI PARESH K. SHAH vs. DCIT, Central Circle

ITAT, Mumbai: As per the first proviso to Section 153C(1) the date of initiation of search u/s 132 of the Act for the purpose of an assessment u/s 153C has to be construed as the date of receiving the books of account by the A.O. having jurisdiction over such other person, from the A.O. of the searched… Read More ...

Abhishek Dhanotia v. ITO-3(1), Indore

ITAT Indore Bench (SMC): Reopening of assessment under section 147 is on the basis of material & information gathered during the course of search of third party is invalid. Provisions of section 153C will apply and not section 147 when the information was received by the AO from DCIT Central Circle 6(2), Mumbai on certain incriminating data gathered in… Read More ...

NEW WOODLANDS HOTEL

MADRAS HIGH COURT: BURDEN OF PROOF OF PAYMENT TO LABOURERS Read More ...

Thirubala Chemicals Pvt. Ltd. vs. ITO (ITAT)

ITAT, Delhi: The A.O. did not provide any material collected at the back of the assessee-company by the Inspector of the Kolkata to the assessee and did not allow any cross examination to the assessee-company. The A.O. in the assessment order held that assessee has no absolute right to ask for the cross-examination or to seek report… Read More ...

Jitendra Sharma versus Joint Commissioner of International tax, Ahmedabad

ITAT Indore: No penalty under Section 271C is leviable when the Assessee has deducted tax at source under section 194IA instead of Section 195 when the immovable property is purchased from non resident especially when on pointing out the tax was correctly recovered and deposited. What is important is the fact that the moment a person comes… Read More ...

Vaduganathan Talkies Vs Income tax officer

Madras High court : *Cash payment in excess of the limits specified in Section 40A(3)- Whether can be allowed as a deduction on the basis of commercial expediency and proof of identity* The Madras High court on 22nd September,2020 in the case of *Lena Talkies Vs ITO in Tax Case Appeal No 645-647 of 2019* was considering whether cash… Read More ...