Direct Tax
AO Yet To Frame Assessment, Writ Court Should Not Interfere At Premature Stage: Punjab And Haryana High Court
The Punjab and Haryana High Court has held that where the proceedings have not even been concluded by the statutory authority, the writ court...
PROCEEDINGS IMPOSING PENALTY ON CONTRAVENTION OF PENAL PROVISIONS ARE QUASI-CRIMINAL ONUS ON DEPT. TO GIVE CATEGORICAL FINDING: ITAT
Author: Khushi J Prajapati
The Income Tax Appellate Tribunal, New Delhi affirmed that proceedings related to the imposition of penalties for contraventions of penal provisions...
NO ASSESSMENT PROCEEDINGS PENDING AS OF SEARCH DATE: ITAT UPHOLDS DELETION OF INCOME TAX ADDITION TOWARDS UNEXPLAINED EXPENDITURES
The Income Tax Appellate Tribunal (ITAT) upheld the deletion of income tax addition concerning unexplained expenditure for M/s. Radha Madhav Developers.
The Tribunal found that...
Building Association Can Claim Expenditure Against Interest Income: ITAT
The Income Tax Appellate Tribunal, Ahmedabad held that the building association can claim expenditure against interest income.
The bench found that objectives of the association...
Wilful Concealment Of Income: Calcutta High Court Uphold ProsecutionÂ
The Calcutta High Court Upheld the Prosecution against assessee.
The bench said that Sri Bachchraj Bamalwa and other family members misguided the Income Tax Department...
Nature Of Trading Business Can’t Be Foundation To Conclude Principal-Agent Relationship Under Indo-Japan Tax Treaty: ITAT
The Income Tax Appellate Tribunal Delhi, observed that the nature of trading business can't be the foundation to conclude principal-agent relationship under Indo-Japan Tax...
Relief To Vodafone: Supreme Court Dismisses Dept’s SLP On Taxability Of Interconnect Charges And TDS Liability Fastening Basis Retrospective Amendment
The Supreme Court Dismissed the department's Special Leave Petition (SLP) on taxability of interconnect charges and TDS liability fastening basis retrospective amendment.
The court relied...
Relief To MITSUBISHI CORPORATION: AO Can’t Object ITAT’s Decision Allowing Assessee To Set Up Fresh Claim: Delhi High Court
The Delhi High Court held that AO can't object to ITAT's decision allowing assessee to set up fresh claim.
The court observed that while ordinarily...