Telangana High Court held that natural gas sold by the petitioner falls under entry 23 of 6 th Schedule of the Andhra Pradesh General Sales Tax Act, 1957 [APGST Act 1957] and not under entry 118 of 1 ...

NCLT Mumbai held that application u/s. 9 of the Insolvency and Bankruptcy Code [IBC] after three years of MSME Council Awards is beyond limitation as per Article 137 of the Limitation Act. Accordingly ...

The Central Excise and Service Tax Appellate Tribunal (CESTAT), Delhi, allowed the appeal filed by Northern Coalfields ...

The AO accepted this rationale, concluding that the interest expense was a business expenditure under Section 36 (1) (iii) ...

At the very outset, this brief, brilliant, bold and balanced judgment authored by the Single Judge Bench comprising of Hon’ble Shri Justice Bibhu Datta Guru of the Chhattisgarh High Court at Bilaspur ...

ITAT Nagpur held that addition is liable to be deleted since the entire sales having already been recorded in the books of accounts and no sales having been found to have been made out of the books of ...

Assessee is an individual whose case was selected for limited scrutiny to examine certain issues. Noticing an increase in closing balance of unsecured loans as compared to previous year, AO made ...

2. Implications under Section 271DA: As per the law, receiving cash payments above ₹2,00,000 attracts a penalty equal to the amount received. Though the penalty is on the recipient, the Court ...

The Kerala High Court recently addressed important procedural questions regarding appeals following remand orders in the case of Malabar Institute of Medical Sciences Ltd. v. DCIT. The Court ...

ITAT Delhi held that addition under section 68 of the Income Tax Act by treating LTCG as bogus merely on the basis of assumption and conjecture is not sustainable in law since purchase and sale of ...

“An Indian Company engaged in sector/activity prohibited for FDI is permitted to issue bonus shares to its pre-existing non-resident shareholders, provided that the shareholding pattern of the ...

ITAT Chennai held that since income of the assessee is assessed by applying flat gross profit rate of 2% hence provisions of section 40A (3) cannot be invoked. Accordingly, disallowance u/s. 40A (3) ...