S. 179 : Private company-Liability of directors-Notices lacked disclosure of steps taken for tax recovery from company-Order was quashed. [Companies Act, 2013, S.167, Art.226]
S. 179 : Private company-Liability of directors-Notices lacked disclosure of steps taken for tax recovery from company-Order was quashed. [Companies Act, 2013, S.167, Art.226]
S. 179 : Private company-Liability of directors-Notices lacked disclosure of steps taken for tax recovery from company-Order of High Court quashing the Notice-SLP of Revenue is dismissed. [Companies Act, 2013, S.167, Art. 136]
S. 153C : Assessment-Income of any other person-Search-Share capital-Cash credits-Bogus accommodation entries-No incriminating material brought on record-Order of Tribunal deleting the addition is affirmed. [S.68, 132, 153A]
S. 153C : Assessment-Income of any other person-Search-Belongs or belongs to-Pertains or pertaining-Search conducted prior to date of amendment-Prior to and after amendment by Finance Act, 2015, with effect from 1-6-2015-Amendment brought to section 153C vide Finance Act, 2015 shall be applicable to searches conducted under section 132 before 1-6-2015, i.e., date of amendment. [S. 132, Art. 136]
S. 153C : Assessment-Income of any other person-Search-No incriminating material is found-Deletion of addition is justified-Department at liberty to initiate reassessment proceedings in accordance with law.[S. 132, 147, 148]
S. 153C : Assessment-Income of any other person-Search-Share capital-Cash credits-Bogus accommodation entries-No incriminating material brought on record -SLP of Revenue is dismissed.[S.68, 132, 153A]
S. 153A : Assessment-Search-No incriminating material-Unabated assessments-No addition can be made-Order of Tribunal is affirmed. [S. 132, Art.226]
S. 153A : Assessment-Search-Ledge account-Not incriminating material-Unabated and concluded assessment-Addition cannot be made. [S. 132, 143(3), 153A(1)(b)]
S. 153A : Assessment-Search-Ledge account-Not incriminating material-Unabated and concluded assessment u/s 143(1)-Failure to deduct tax at source-No disallowance can be made. [S.10 (26), 40(a)(ia), 132, 143(1)]
S. 153A : Assessment-Search-Alleged bogus long-term capital gains-No incriminating material-assessments cannot be substantiated. [S.45, 68, 69C, 132]