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The Kerala High Court held that a composite show cause notice issued for multiple assessment years was legally unsustainable. The Court quashed the notice while permitting fresh separate notices subje…
The Delhi ITAT held that additions made on transactions unrelated to the reasons recorded for reopening were beyond the Assessing Officer's jurisdiction. The reassessment addition was therefore delete…
The ITAT Chandigarh held that once registration under Section 12AB had been directed to be granted, the primary basis for rejecting approval under Section 80G ceased to exist. The matter was remanded…
The Delhi High Court held that import restrictions could not apply to consignments that had arrived before the relevant notification was published in the Official Gazette. The ruling reiterates that d…
The Delhi ITAT found that the Assessing Officer lacked legal authority to reopen assessment years lying outside the ten-year block period computed under Section 153C. Revenue's appeals challenging the…
The Kerala High Court held that issuing one show cause notice for multiple financial years is not legally sustainable. While quashing the notice, the Court preserved the department's right to issue fr…
ITAT Chennai restored the matter to the Assessing Officer after finding that the assessment and appellate proceedings were concluded ex parte without deciding the issues on merits. The Tribunal grante…
The High Court held that prolonged custody and anticipated delay in trial cannot independently justify bail in cases involving commercial quantity narcotics. The statutory requirements under Section 3…
The Delhi High Court discharged contempt proceedings after the petitioner tendered an unconditional apology and undertook not to repeat similar conduct. The Court imposed costs of Rs.3 lakh while cens…
ITAT Kolkata upheld the deletion of disallowance relating to brought forward losses of an amalgamating company after finding that the amalgamated entity had continued the business and retained the pre…
The Ahmedabad Bench dispensed with several shareholder and creditor meetings after recording consent affidavits approving the proposed Scheme of Arrangement. Meetings were directed only where required…
The NCLT Allahabad Bench allowed dispensation of meetings for shareholders and creditors in a merger involving wholly owned subsidiaries. The Tribunal held that consent affidavits, absence of creditor…