CAs can be held guilty of Other Misconduct even outside the ambit of the profession- SC
In the recent judgement by the Supreme Court in the case of Shri Gurvinder Singh, it has been stated that the Chartered Accountant is guilty of a...
Category : Income Tax
Linking of Aadhaar with Bank accounts and mobile number is invalid – SC
The Supreme Court of India has provided a judgement regarding the validity of the Aadhaar and its linking with various other things. The crux of...
Deduction u/s 54 is allowed even if the assessee purchased new residential house before the sale of another residential house owned by him – ITAT Mumbai
Held: The Mumbai Tribunal in a recent decided case law has held that where the assessee has purchased the new residential house before the sale...
SLP admitted against the ruling that interest earned on funds deposited prior to commencement of business – SC
The Supreme Court has granted SLP against the High Court ruling that interest received on funds deposited with the banks borrowed for specific purpose of...
Excise & Customs : Exemption notifications should be interpreted strictly, assessee cannot take benefit of ambiguity in exemption notification – SC
The Constitution Bench of Supreme Court of India in Commissioner of Customs vs Dilip Kumar & Company [Civil Appeal No. 3327 of 2007] on July 30,...
Submission of evidence during seizure isn’t necessary; can be done in assessment proceeding as well: HC
The High Court of Bombay, in a recent judgement held the following in a case of block assessment, ” Where in course of block assessment, assessee...