Interpretation adopted by CIT that deduction under section 80-IB should be computed after reducing deduction under section 80HHC by applying section 80-IA(9), was incorrect in light of the Supreme Cou ... Read more..

Where TPO applied inconsistent filters for selecting comparables under the same transactional net margin method for international transactions and specified domestic transactions of the same assessee ... Read more..

Where assessee was a wholesale trader to OEMs and the comparables selected by the TPO were in retail and aftermarket segments, the functional dissimilarity under rule 10B(2)(d) required rejection of s ... Read more..

Where assessee had pre-deposited 10% of the disputed tax and fulfilled all the formalities to sustain the appeal, the case was remitted back to the authorities for reconsideration, subject to depositi ... Read more..

Where the adjudication order was passed without affording any opportunity of personal hearing to assessee and assessee was ready to pay 25% of the disputed tax for granting of one opportunity to prese ... Read more..

Where assessee was involved in the activities of availing fraudulent Input Tax Credit, it was found to be in the interest of justice to relegate him to the statutory appellate remedy available under t ... Read more..

Invalidation of cheque on account of merger with another bank would be a disputed question of fact and would be a probable defence that partners were free to take before Trial Court, they had not file ... Read more..

Scheme of arrangement did not contemplate vacation of attachment or closure of any proceedings filed by authorities under MPID Act as a consequence to approval of the scheme, the appellants did not me ... Read more..

Petitioners raised defence that no transaction of sale of jewellery ever took place and cheque was misused, but the same was not supported by any credible evidence, petitioners had not filed any evide ... Read more..