Where the source of investment in property was accepted by AO in his original assessment order, the same could not be revised in an order under section 154 as it could not be said to be a mistake appa ... Read more..

Where delay on part of assessee-company in depositing TDS occurred on account of I.B. proceeding suffered by assessee and restriction imposed due to COVID-19 pandemic and further, prosecution had been ... Read more..

Interest income earned by co-operative society on investments with co-operative banks/institutions, would be entitled for claim of deduction under section 80P(2)(a)(i). ... Read more..

Where no show cause notice was issued to the assessee prior to passing of the assessment order, the said order was liable to be set aside. ... Read more..

Where assessment order passed by the revenue authority was non-speaking order and did not consider the reply filed by the assessee, the said order was liable to be set aside. ... Read more..

Where assessee was not given opportunity of hearing before passing the order of reversal of transitional input tax credit, the same was against the principles of natural justice. ... Read more..

Application for initiating CIRP under section 7 is not liable to be time-barred where application is being filed within a period of 3 years from the date of letter of acceptance for the agreement. ... Read more..

The compromise scheme of the company in liquidation should be considered by the liquidator where it can restructure the debt. ... Read more..

If the default is committed prior to section 10A period and continues in section 10A period, this statutory provision does not put any bar on the initiation of CIRP proceedings. ... Read more..