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THE MAVILAYI SERVICE COOPERATIVE BANK LTD. & ORS. Versus COMMISSIONER OF INCOME TAX, CALICUT & ANR.

Supreme Court of India : *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 ...

Sameer Jabbar Mulani Vs ITO Ward 1 Pandharpur

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

Ireo Grace Realtech Private Limited Vs Abhishek Khanna & Ors

Supreme Court of India : *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 ...

M/s. Ejaz Tannin Company, Vs The ACIT

Income Tax Appellate Tribunal Chennai: Limitation to pass consequential orders Read More ...

M/s. Storewell Construction & Engineers Vs Pr. CIT -2 Aurangabad

Pune ITAT: Pune ITAT held that Commissioner of Income Tax is not empowered invoke the revisionary jurisdiction u/s.263 of the Income Tax Act to look into the other issues relating to the assessee which were not within the purview of the limited scrutiny. The CBDT Circular vide its letter F-No.225/26/2006-ITA-II (Pt.), 8th September, 2010 has described the… Read More ...

DCIT Circle 5 pune vs. Runwal Multihousing Pvt Ltd

Pune ITAT: The assessee was initially following the Percentage completion method by showing income on the basis of percentage of work done. In contrast, the project completion method, which is an equally recognized method, mandates the determination of income at the time of completion of project. Both the methods are recognized methods. Whereas, in the first method,… Read More ...

Man power Group Services India Private Limited Vs CIT(TDS)-1 (Delhi High Court)

Delhi High court : Manpower Group services India Private Limited Vs CIT (TDS)-1, Delhi Forum- Delhi High court Date-21st December,2020 Sub: Whether Writ lies against an order passed u/s 197 claiming lower deduction of tax at source or revision petition has to be filed u/s 264? Also whether challenge in a writ in such a situation can only be… Read More ...

Pradeep Kumar Sonthalia Vs Dheeraj Prasad Sahu (Supreme Court)

Supreme Court of India: Pradeep Kumar Sonthalia Vs Dheeraj Prasad Sahu Forum-Supreme Court of India Date-18/12/2020 Sub-Meaning of the word -Date? Whether it includes the whole day or a particular time? When can the clock be said to be started running? The CJI bench of the Apex court in the above case was interalia called upon to decide the… Read More ...

D.B. ITA 155/2014 CIT (Central) Jaipur Vs. Shri Vishnu Prakash Sharma

Rajasthan High Court, At Jaipur Bench, Jaipur: Section 132(4) of the Income Tax Act, 1961 --Search & Seizure --Excess Stock alleged -- Surrender U/s. 132(4) stated to be under duress -- Further surrender during assessment proceedings under threat of launching prosecution u/s 276CC -- later retracted such statements recorded during search & assessment proceedings, and explained the stock with Stock Register and… Read More ...

D. B. ITA 142/2006 Shri Loku Ram Malik Vs CIT

Rajasthan High Court, At Jaipur Bench, Jaipur: Notice under section 148 of the Income tax Act, 1961 is bad if time to issue notice under section 143(2) if the Act has not expired. Read More ...