The recent High Court order in the Cognizant Technology Services case has reignited the debate surrounding security for penalties in income tax disputes. The court, while directing the revenue authorities to release the lien on fixed deposits, imposed a ...
Income Tax Deductions Upheld for Printing and Bookbinding: The High Court affirmed the taxpayer's claim for a deduction under Section 80-IC, recognizing printing and binding of books as eligible activities. Taxpayer Responses to Notices ...
For Income Tax, GST, and misc. including important Circulars Magistrate can’t hear arguments on issues of territorial jurisdiction & existence of criminal conspiracy: Delhi HC SLP dismissed HC's ruling that reimbursement of service tax isn't l ...
Case Laws Summary dated 10th January 2024 For Income Tax, GST and misc. including important Circulars HC grants stay on recovery of tax as AO didn’t wait for DVO’s report before making sec. 50C additions Revised Form 10 can be filed during reass ...
SC dismissed SLP against ruling that Sec. 195 has no application if payment is considered as salary income HC remanded the matter as there was no comparison of income proposed to be added with income declared by the deceased ITAT deletes sec. 69A ...
HC dismissed writ as notice was issued within time limit, though it was served on assessee on next day No penalty proceedings under sec. 270A if additions were made based on voluntary disclosure by assessee: HC Expression 'used for purposes of busine ...
Case Laws Summary dated 6th January 2024
For Income Tax, GST and misc. including important Circulars
