News

Former Oriental Bank Special Assistant Murari Lal Meena has been sentenced to seven years in jail for causing Rs 83.69 lakh loss to the bank.

Former Oriental Bank Special Assistant Convicted in Rs 83.69 Lakh Bank Fraud Case, Gets 7-Year Jail Term and Rs 4.30 Lakh Fine

Judgement

The ITAT Mumbai deleted penalty as unutilised section 54 amount was not taxable in original Assessment Year


ITAT Rules Section 54 Shortfall Cannot Be Treated as Concealment when Investment Period Had Not Expired

The Supreme Court observed Revenue targets cannot override binding judicial decision on Section 197 application.


Supreme Court Dismisses Income Tax Department’s SLP Against Delhi HC Order Directing Nil-Tax Certificate to GoDaddy.com

The Bombay High Court held that absence of Form 16 or 16A is not fatal if TDS deduction Is proved.

High Court Rules TDS Credit Cannot Be Denied Merely Because Deductor Failed to Deposit Tax

The High Court held that in absence of any saving clause or a sunset clause on the omission of Rule 96(10) of the CGST Rules, the recommendation would be prospective in nature.

IGST Refund Dispute: Gujarat HC Holds Omitted Rule 96(10) Cannot Continue Without Saving Clause

The ITAT remanded tax dispute to the AO for fresh verification after admitting bank statements and loan documents as additional evidence.

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Former Oriental Bank Special Assistant Convicted in Rs 83.69 Lakh Bank Fraud Case, Gets 7-Year Jail Term and Rs 4.30 Lakh Fine

ITAT Rules Section 54 Shortfall Cannot Be Treated as Concealment when Investment Period Had Not Expired

Supreme Court Dismisses Income Tax Department’s SLP Against Delhi HC Order Directing Nil-Tax Certificate to GoDaddy.com

High Court Rules TDS Credit Cannot Be Denied Merely Because Deductor Failed to Deposit Tax

IGST Refund Dispute: Gujarat HC Holds Omitted Rule 96(10) Cannot Continue Without Saving Clause

ITAT Sends Section 69A Tax Dispute Back to AO for Fresh Verification, Admits Bank Statements and Loan Documents as Additional Evidence