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Kailash Vasudeorao Girolkar & Others Vs UOI
Bombay High Court -Nagpur Bench: High Court granted interim relief to the petitioner who has filed application U/s 245C before Income Tax Settlement Commission(ITSC) after 1st Feb. 2021. Section 67 of the Finance Act prohibited any new application to be filed with ITSC on or after 1st Feb. 2021. The Finance Act, 2021 come into being on 28th March 2021… Read More ...
CIT Vs Reliance Energy Limited(Supreme Court)
Supreme Court : Commissioner of Income-tax Vs Reliance Energy Limited Date-28th April, 2021 Forum-Supreme Court of India Sub-Whether deduction u/s80-IA has to be limited to the extent of the Income from Business or profession as per Section 80AB or it has to be allowed to the extent of the profit of the eligible undertaking The apex court in… Read More ...
Kishore Tarone Vs State of Maharashtra
Bombay High Court : Kishore Tarone Vs State of Maharashtra Date- 1st March 2021 Forum-Bombay High Court Sub- Whether Admin of a WhatsApp group is vicariously liable under the various sections of Indian Penal Code read with Section 67 of Information Technology Act 2000 in relation to the contents which are published by the members of the group The… Read More ...
KANTIBHAI DHARAMSHIBHAI NAROLA Versus THE ASSISTANT COMMISSIONER OF INCOME TAX, WARD 3(2)(4)
THE HIGH COURT OF GUJARAT : This judgement covers all previous important judgements on reassessment and also clarifies all important issues and terms w.r.t reassessment namely:- (i)reasons recorded (ii) prima facie material, (iii)The validity of the reopening of the assessment (iv) application of mind by the AO (v)The crucial link between the information and the formation of the belief should be… Read More ...
Radha Krishan Industries Vs State of Himachal Pradesh & Ors(Supreme Court)
Supreme Court : Radha Krishnan Industries Vs State of Himachal Pradesh & Ors Forum-Supreme Court of India Date-20th April,2021 Sub-Provisional attachment made under the State GST Act -challenged in a writ-Whether maintainable-Plea of Alternative remedy-Calcutta Discount case and other Income-tax cases reaffirmed and relied upon- Grounds for provisional attachment explained threadbare This is a classic case of abuse… Read More ...
Deific Abode LLP Vs Union of India & Ors(Calcutta High Court)
Calcutta HighCourt : Deific Abode LLP Vs Union of India & Ors Date -16th April, 2021 Forum- Calcutta High Court Sub-Whether the Prohibition of Benami Property Transactions Act, 1988 as amended in the year 2016 is prospective or retrospective in nature- Doctrine of Precedent explained threadbare in view of the stay of operation of Calcutta High Court in… Read More ...
IFFCO Tokyo General Insurance Co Ltd Vs Pearl Beverages Limited(Supreme Court)
Supreme Court : *IFFCO TOKIO GENERAL INSURANCE COMPANY LTD. VERSUS PEARL BEVERAGES LTD. JUDGMENT* *Forum- Supreme Court of India* *Date -12th April, 2021* *Sub-Whether Insurance company is liable to pay compensation for loss of car which was being driven under the influence of alchohol- Section 185 of Motor Vehicles Act , Section 106 of Evidence Act analysed threadbare*-… Read More ...
Sobha Developers Ltd. Vs. Deputy Commissioner of Income Tax, LTU, Bangalore
HIGH COURT OF KARNATAKA: Disallowance made u/s. 14A of the Income-tax Act, 1961 ("the Act") could not be added to book profits of the assessee u/s. 115JB of the Act. The assessee is a company engaged in financing industrial units in the State of Karnataka. The assessee filed its ROI for A.Y. 2009-10 on 30.09.2011 declaring the book profit… Read More ...
B Kubendran Vs DCIT Chennai
Madras High Court : B.Kubendran Vs DCIT,Chennai Madras High court Date 9th April, 2021 Sub-Whether issuance of notice u/s 143(2) is mandatory for completing search assessment u/s 153A/C of the Income-tax Act,1961- Decision of Hotel Blue Moon (Supreme Court) distinguished. The single bench of Madras high court Justice Dr Anita Sumanth in this case was considering the question of… Read More ...
Jayama Xavier Vs Registrar of Firms
Kerala High Court : *Jayama Xavier Vs Registrar of Firms* *Date-08/04/2021* *Court- Kerala High Court* *Sub-Whether a LLP can be a partner in a partnership firm constituted under Indian Partnership Act, 1932.* The Hon’ble Kerala High Court in the case of Jayama Xavier Vs Registrar of firm was considering the rejection of registration of deed of partnership which was… Read More ...