Judgement

The Delhi High Court holds interest on project funds as a capital receipt, not taxable income.

HC Rules Pre-Operational Interest as Capital, Not Income

ITAT set aside the CIT(E)'s order and remanded the case for fresh adjudication due to communication gaps during the virtual hearing.

Communication Gaps in Virtual Hearing: ITAT Restores Registration Issue to CIT(E)

The ITAT allows commission expenses, holding suspicion and non-response insufficient to deny deduction under Section 37.

ITAT Deletes Disallowance; Commission Expenses Held Genuine Despite Non-Response

Orders

Section 92 of the Companies Act, 2013, requires companies to file their annual returns in Form MGT-7 with the Registrar within 60 days of the AGM.

ROC Levies NIL Penalty As Company Corrects Default on Time

The Tribunal set aside the addition and remanded the matter to the AO for fresh verification after accepting that the bank deposits were supported by agricultural income evidence.

ITAT Accepts Initial Evidence of Agricultural Income, Remands Matter for Verification

ITAT set aside the CIT(A)’s delay-based dismissal and remanded the matter for fresh consideration, granting the assessee another opportunity.

Explore Our Blogs

HC Rules Pre-Operational Interest as Capital, Not Income

Communication Gaps in Virtual Hearing: ITAT Restores Registration Issue to CIT(E)

ITAT Deletes Disallowance; Commission Expenses Held Genuine Despite Non-Response

ROC Levies NIL Penalty As Company Corrects Default on Time

ITAT Accepts Initial Evidence of Agricultural Income, Remands Matter for Verification

ITAT Emphasises Fair Hearing, Gives Assessee Another Chance Before CIT(A)