News

CBI Court convicts eight accused including former SBI officials in Rs 1.97 crore bank fraud case, awards 10 years RI with heavy penalties.

CBI Court Sentences Eight Accused to 10 Years Rigorous Imprisonment in Rs 1.97 Crore SBI Loan Fraud Case

Judgement

ITAT reduced the addition on cash found in a joint bank locker after partly accepting the taxpayers' claim that it represented marriage gifts.

ITAT Accepts Marriage Gift Explanation, Cuts Unexplained Cash Addition

The Supreme Court ruled that the arrangement between the parties constituted a principal-agent relationship and not a principal-to-principal sale


SC Holds BPCL & HPCL Liable to Pay Service Tax on CNG Sale Services Given to MGL

The HC allows shifting of accused from Osmania General Hospital to KIMS Hospital under police escort, with the petitioner bearing all treatment expenses.

High Court Directs Custom Dept to Shift Accused to KIMS Hospital for Medical Treatment under Police Escort

ITAT held that repayment of loans used for charitable capital expenditure qualifies as application of income under Section 11 and deleted the Rs 3.60 crore addition.

ITAT Allows Rs 3.60 Crore Loan Repayment as Application of Income Under Section 11

The ITAT held that no addition can be made in an unabated Section 153C assessment unless it is based on incriminating material seized during the search.

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CBI Court Sentences Eight Accused to 10 Years Rigorous Imprisonment in Rs 1.97 Crore SBI Loan Fraud Case

ITAT Accepts Marriage Gift Explanation, Cuts Unexplained Cash Addition

SC Holds BPCL & HPCL Liable to Pay Service Tax on CNG Sale Services Given to MGL

High Court Directs Custom Dept to Shift Accused to KIMS Hospital for Medical Treatment under Police Escort

ITAT Allows Rs 3.60 Crore Loan Repayment as Application of Income Under Section 11

Unabated Section 153C Assessment Cannot Be Reopened Without Incriminating Material: ITAT