Bona Fide ITR Mistake Should Not Deny Partner’s Remuneration Deduction: ITAT Ahmedabad
ITAT restored the matter to the AO to verify partners' remuneration disallowed under Section 143(1), directing allowance if admissible despite delay in Section 154 rectification.
Admission of Claim in Principal Borrower’s CIRP Does Not Bar Section 7 Against Guarantor: NCLT Delhi
Second Guarantee Invocation Cannot Revive Time-Barred Section 7 Claim: NCLT Mumbai
Information Utility Record Not Exclusive Proof of Default Under Section 7: NCLT Delhi
Gujarat HC Holds Search Assessment Year Counts for Extended 10-Year Reassessment Period
ITAT Annuls Section 153C Assessments for Common Satisfaction Note Across Assessment Years
ITAT Kolkata Quashes Section 263 Revision for Lack of Error & Revenue Prejudice
ITAT Ahmedabad Deletes Section 68 Addition on Shree Shaleen LTCG
SC Upholds Quashing of Section 148 Notice for Invalid Section 151 Approval in Linkedin Case
Rajasthan HC Upholds Section 108, Grants Immunity Under Exotic Species Disclosure Scheme
IRDAI Approves SBSR Act Reforms, PEPF Regulations & New General Insurer
Limitation Act Applies to Land Acquisition Appeals Under Section 74: SC
Section 5 of Limitation Act Applies to Appeals Under Chhattisgarh Rajya Suraksha Adhiniyam: SC
CESTAT Sets Aside Confiscation of Exotic Birds for Lack of Smuggling Evidence
SC Allows Review, Upholds DRI Powers to Issue Customs Section 28 Notices
CAAR Classifies Magnesium Bis-Glycinate Chelate Under CTH 2922, Not Heading 2106
Aluminium Formwork Is Not Mould for Mineral Materials: CESTAT Kolkata
ROC Ernakulam Imposes ₹20000 Penalty for Missing Occupation Details in PAS-3
ROC Bangalore Levies ₹4.50 Lakh Penalty for Failure to Disclose Board Meeting
ROC Chennai Slaps ₹40,000 Penalty for Incomplete Allottee Details in PAS-3
ROC Bangalore Orders ₹4.50 Lakh Penalty for ESOP Annexure, Board Report Defects
Chhattisgarh HC Condones 309-Day Delay, Restores ITAT Appeal for Merits
Chhattisgarh HC condoned a 309-day delay in filing an ITAT appeal, adopted a liberal approach, and remanded the matter for decision on merits.
ITAT Mumbai Upholds Tax on Notional Rent for Unsold Flats Held as Stock-in-Trade
ITAT upheld taxation of notional rent on unsold stock-in-trade but directed the AO to recompute ALV using Municipal Rateable Value instead of 8.5% estimation.
Karnataka HC Quashes Section 148 Proceedings for Granting Less Than 7 Days Notice Under Section 148A(b)
HC quashed reassessment proceedings after holding that a Section 148A(b) notice granting only six days to respond violated the statutory minimum of seven days.
CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty &…
Adv Akruti Goyal, a practicing CA handling GST compliance from 2015-2021. Qualified as a lawyer in…
