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State of Gujarat Vs Arcelor Mittal Nippon Steel India Limited (Supreme Court)
Supreme Court of India : *State of Gujarat Vs Arcelor Mittal Nippon Steel India Limited* *Forum-Supreme Court of India* *Date-21st January 2022* *Sub-Whether exemption for payment of purchase tax on purchase of Naptha and Natural gas to be used by Steel making unit can be allowed even when the said raw materials are used not directly but indirectly.* The Supreme… Read More ...
Haldia Steels Pvt Ltd Vs Union of India & Ors (Calcutta High Court)
Calcutta High Court : Haldia Steels Pvt Limited Vs Union of India & Ors Forum- Calcutta High Court Date-17th January 2022 Sub-Whether the revenue is bound to produce record of service of show cause notices and draft assessment order and whether the court can take adverse view in case of non production of record of service. In an interesting… Read More ...
Sakib Altaf vs. The Jammu and Kashmir Bank (Consumer forum)
District Consumer forum Srinagar: Credit card online transaction failed. Credit card issued by Jammu and Kashmir bank denied transaction. Court ordered 40000 as compensation to complaint. Read More ...
Manoj Jain v. UOI (Cal.)(HC)
Calcutta High Court : S. 148 : Reassessment – Notice-Constitutional validity – The delegation authorized being only for the purpose of enlarging limitation under a valid law, such delegation could not be exercised to resurrect the provision of law that stood omitted from the statute book by virtue of its substitution made by the Finance Act, 2021, w.e.f. 01.04.2021… Read More ...
Bharat aluminium Company Limited Vs Union of India & Ors (Delhi High Court)
Delhi High Court: *Bharat Aluminium Co Ltd Vs Union of India & Ors* *Forum Delhi High Court* *Date 14th January 2022* *Sub-Whether the requirement of giving opportunity of personal hearing while passing an assessment order u/s 144B is mandatory or directory and whether not granting the opportunity amounts to violation of principles of natural justice.* The Delhi High… Read More ...
Yogini Bipin Soneta v. ITO (Bombay High Court)
Bombay High Court : S. 147 : Reassessment-Capital gains-Penny stock alternative remedy-Reassessment notice was held to be valid. [S. 45, 142(1), 148, Art. 226] Reassessment notice was issued for verifying the exemption claimed in respect of penny stock on the basis of information received. The objection of the assessee was rejected by the Assessing Officer. On writ dismissing the… Read More ...
Sharvah Multitrade Co. Pvt. Ltd. v. ITO (Bombay High Court)
Bombay High Court : S. 147 : Reassessment-Reasons recorded-Sanction-Non-application of mind-Strictures-CBDT to formulate a Scheme to train officers for recording reasons-Commissioners to not to grant sanction in a mechanical manner-Reassessment proceedings quashed. [S. 148, 151, Art. 226] Allowing the writ petition the Court held that where the recorded reasons suggested that the assessee received bogus accommodation entries from itself,… Read More ...
Pradip Kumar Saha Vs. Union of India & ors (Division Bench Calcutta High Court)
Calcutta High Court, Divission Bench: Completion of Faceless Assessment before crossing its time lime is not sustainable and it is in Violation of Principles of Natural Justice. Read More ...
IN RE: Cognizance for Extension of Limitation Suo Motu Writ Petition (Supreme Court)
Supreme Court: Art. 141 : COVID-19 –Limitation Extended from March 15 , 2020 till February 28 , 2022 - Relief for litigants and lawyers [Art. 142] On account of the situation posed by COVID 19, The Hon’ble Supreme Court has suo motu held that to ease the difficulties faced by the litigants and their lawyers across the… Read More ...
Rena Sahakari Sakhar Karkhana Ltd Vs. Pr CIT-2 Aurangabad (ITAT Pune)
PUNE ITAT : Interest income earned by a co-operative society on its investments held with a co-operative bank would be eligible for claim of deduction under Sec.80P(2)(d) of the Act. Moreover, as the A.O while framing the assessment had taken a possible view, and allowed the assessee's claim for deduction under Sec. 80P(2)(d) on the interest income earned… Read More ...