The Tribunal reaffirmed that satisfaction must be recorded contemporaneously or immediately after the searched person’s ...

The Tribunal held that a summary and presumptive approval under Section 153D vitiates the entire assessment. Lack of ...

The tribunal ruled that rejecting books and estimating profits bars further item-wise disallowances. Authorities cannot “blow ...

The tribunal ruled that section 263 cannot be invoked merely because the Commissioner believes further enquiry was possible.

NCLT Mumbai held that since existence of financial debt and default thereon is established, application filed under section 9 ...

Real estate offers steady cash flow. Renting out a property is a simple way to generate monthly income. Let’s take a ₹50 lakh ...

The Tribunal held that CSR contributions received with strict donor directions and refund obligations may constitute tied-up grants rather than freely available income. Such funds require factual ...

The issue was whether software development and start-up consultancy could qualify as charitable purposes. The Tribunal held that such activities are commercial in nature and do not fall under section ...

Karnataka High Court held that the power of revocation of detention orders is specifically vested with the Central Government and not with the detaining authority under Section 11 of the Conservation ...

The issue was whether year-old cash withdrawals could explain demonetisation-era deposits. ITAT held that absence of a direct nexus and contrary bank entries justified addition under section ...

The ITAT ruled that reassessment under section 153C cannot extend beyond the statutory six assessment years. Jurisdiction assumed outside this period was held ...

The Tribunal held that denial of cross-examination of the third party, whose documents were relied upon, violates principles of natural justice. Such procedural lapse renders additions under section ...