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ADDE vs. Kamal Ahsan & Anr (Supreme Court)
Supreme Court: Art. 136 : Special Leave to appeal by the Supreme Court - Harassment by Department - Unnecessary SLP - Respondent suffering from Cancer - Cost of Rs.1,00,000 was imposed on the Officer to be recovered from his salary. The Department filed an SLP against an order granting bail to the respondent on account of malignancy… Read More ...
Guest and another Vs Guest (United Kingdom Supreme Court)
United Kingdom Supreme Court: Guest and another Vs Guest (United Kingdom Supreme Court) Date-19th October 2022 Sub-Whether promise by a father to a son to give him property by way of inheritance in lieu of son doing work for father can give rise to claim by a son when father disowns him and removes his name from the will.… Read More ...
Catchy Prop – Build Private Limited Vs. Assistant Commissioner of Income Tax and Others (Bombay High Court)
Delhi High Court : S. 148 (b) of Income Tax, 1961 - Reassessment proceedings - Transactions of purchase and sale of shares – Notice under Section 148A(d) issued on different ground as reasons in 148A(b) – If Foundational allegation is missing in the notice issued under Section 148A(b) - Same cannot be incorporated by Issuing Supplementary Notice. The Show… Read More ...
Sunita Chaudhry (Smt.) v. ITO (ITAT Mumbai)
Mumbai Tribunal : S. 69 : Unexplained investments-Long term capital gains-Penny stock-Denial of exemption is not valid. [S. 10(38), 45, 131, 133A] The AO assessed the consideration received on sale of shares as penny stock and denied the exemption on the basis of information received from the Investigation wing pertaining to survey action conducted in the case of… Read More ...
Assistant Commissioner of Income-tax (Exemptions) Vs Ahmedabad Urban Development Authority (Supreme Court)
Supreme Court of India: Assistant Commissioner of Income-tax (Exemptions) Vs Ahmedabad Urban Development Authority (Supreme Court) Date-19th October 2022 Sub-What is the meaning of the Object of General Public Utility(GPU) in Section 2(15) of the Income-tax Act,1961 and when that object of GPU gets converted into trade, commerce or business so as to attract the limits laid down in… Read More ...
M/s New Noble Education Society Vs The Chief Commissioner of Income-tax and another (Supreme Court)
Supreme COurt of India : M/s New Noble Education Society Vs The Chief Commissioner of Income-tax and another (Supreme Court) Date-19th October 2022 Sub-Whether an institution claiming exemption u/s 10(23C) has to exist solely for the purpose of education or it can have income from other sources as well and connected issues? The three judges bench of Supreme Court in… Read More ...
Geeta Agarwal Vs Income-tax Officer (Rajasthan High Court)
Rajasthan High Court : Geeta Agarwal Vs Income-tax Officer (Rajasthan High Court) Date-11th October 2022 Sub-Notice u/s 148 issued on 26th July, 2022 for AY 2016-17 for income escaping Rs 8 lacs stayed in view of the same having been issued beyond three years from the end of the Assessment year for an amount of income escaping assessment below… Read More ...
Hero Motocorp Limited Vs Union of India & Ors (Supreme Court)
SupremeCourt of India: Hero Motocorp Limited Vs Union of India & Ors (Supreme Court) Date-17th October 2022 Sub-Whether a writ of mandamus lies against the Central Government to allow 100% exemption from GST in view of similar exemption of excise duty having been allowed vide office Memorandum issued in the year 2003? Whether there can be a promissory… Read More ...
Deputy Commissioner of Gift-tax, Central Circle – II Vs M/s BPL Limited (Supreme Court)
SupremeCourt of India : Deputy Commissioner of Gift-tax, Central Circle - II Vs M/s BPL Limited (Supreme Court) Date-13th October 2022 Sub- Whether promoters shares which are locked in, when gifted have to be treated as quoted or unquoted shares for the purpose of valuing the gift for taxability under the Gift-tax Act, 1958? An interesting question arose in… Read More ...
The State of Madhya Pradesh and another Vs Commercial Engineers and Body Building Company limited (Supreme Court)
Supreme Court of India : The State of Madhya Pradesh and another Vs Commercial Engineers and body building company limited (Supreme Court) Date- 14th October 2022 Sub-When Writ petition under Article 226/227 of the Constitution of India can be entertained by Courts disregarding the statutory remedy available under the respective Act. The Supreme Court of India in this short judgement… Read More ...