Where retiral benefits received by assessee in the form of gratuity and commutation of pension were free from tax, the AO was not justified in making of addition of such retiral benefits under the hea ... Read more..

Where although assessee had not made proper compliance during the assessment proceedings, penalty proceedings and appellate proceedings, however, he had complied with the notices by written submission ... Read more..

Where reopening of assessment was not based on fresh material and was in the nature of mere change of opinion, the impugned notice under section 148 and reassessment order under section 147 were liabl ... Read more..

Since assessee was able to make out a prima facie case, there would be an unconditional stay of the demand of the Appellate order for specified period. ... Read more..

Giving of reason is essential while making provisional attachment under section 83 of the Act, the submission of the Department, of deficiency either in Form DRC 22 or the portal for not supplying rea ... Read more..

Where the Appellate Authority failed to exercise jurisdiction vested in it and thereby ignoring the observations made by the Division Bench of the Court in the case of S. K. Chakraborty & Sons v. Unio ... Read more..

Borrower neither filed any complaint against lender regarding misuse of cheque nor filed any evidence regarding rebuttal of presumption under section 139, which proved that the cheque was not issued f ... Read more..

There is nothing in Negotiable Instruments Act to prevent repeated presentation of cheque or issuance of successive notice, but Sessions Court erred in acquitting purchaser merely on the ground that c ... Read more..

Borrower filed petition for quashing of proceedings as loan advanced by lender without having a valid money lending license was not a debt or liability, therefore, provisions of section 138 would not ... Read more..