Grant Final Opportunity for Convict in NI Act Sec. 138 Offense: Karnataka HC
Case Name : K S Ameer Jan Vs Maqbool Ahmed (Karnataka High Court) Appeal Number : CRL. R.P. No. 1083/2015 Date of Judgement/Order : 08/10/2021 Related Assessment Year : K…
No disallowance u/s. 40(a)(ia) as reimbursement of expense considered as receipts and tax paid thereof
Crisil Limited Vs ACIT (ITAT Mumbai) ITAT Mumbai held that disallowance under section 40(a)(ia) of the Income Tax Act unjustified when reimbursement of expenses is considered as receipts in total…
Order of PCIT passed without considering contentions of assessee is liable to be quashed
AMNS Ports Vizag Terminals Ltd. Vs PCIT (ITAT Allahabad) ITAT Allahabad held that order passed by PCIT without considering the contentions of the assessee is against the principles of natural…
Delhi HC directs DGFT to reconsider
Kaka Gold LLP Vs Director General of Foreign Trade & Ors. (Delhi High Court) Writ petitions were filed challenging the minutes of meeting held on 08.11.2024, though which TRQ (Tariff…
ICAI Announces 25th Regional Council Election Results
Institute of Chartered Accountants of India (ICAI) has released the election results for its 25th Regional Councils. The notification, issued on December 27, 2024, lists elected members for five regional…
CoC has to take final call with regard to resolution plan or modification thereof: NCLAT Delhi
Meenakshi And Kushal Goyal Vs Amit Agarwal (NCLAT Delhi) NCLAT Delhi held that resolution professional needs to place the resolution plan after incorporating directions by Hon’ble Supreme Court before CoC…
Belated appeal before CIT(A) dismissed without an opportunity of being heard not justified
Balappa Hanamantappa Nandeppanavar Vs ITO (ITAT Bangalore) ITAT Bangalore held that dismissal of appeal by CIT(A) merely because the same was filed belatedly not justified as CIT(A) failed to grant…
Cost imposed on assessee for negligence in diligently prosecuting appeal before CIT(A): ITAT Ahmedabad
Sarojben Lalitbhai Vadhani Vs ITO (TAT Ahmedabad) ITAT Ahmedabad restored the matter back to the file of CIT(A) after imposing cost of Rs. 5,000 on the assessee for negligence in…
Weekly Newsletter from CBIC Chairman dated 28th October, 2024
The Central Board of Indirect Taxes & Customs (CBIC) recently launched a nationwide Behavioral Sensitization Program to strengthen the professional sensitivity and responsiveness of its workforce. Under Mission Karmayogi’s values,…
Penalties and or repercussions under Income Tax Act, 1961
Many times common man don’t know the repercussions of misreporting of income and or tax under the Income Tax Act, 1961. Our minds are still running in the era of…