In order to claim deduction under section 54F, it was sufficient for assessee to utilize capital gain for purchase of property before extended due date under section 139(4). ... Read more..

Where AO while levying penalty under section 270A, failed to identify the specific charge or default committed by assessee, the penalty levied under section 270A would not be sustainable. ... Read more..

Where CAM charges were paid for proper maintenance of common area, which were contributed towards expenditure on cleanliness, utilities and maintenance and the same were shared expenses for common wor ... Read more..

Where the Appellate Authority, while allowing the appeal, issued fresh direction to the adjudicating authority for verification of facts relating to the assessee, however, there was no justification f ... Read more..

Where assessee was ready to furnish all the pending returns and make full payment of the tax along with applicable interest and late fee, the authority concerned was directed to drop the proceedings a ... Read more..

Where in view of the amendments brought by the Finance (No. 2) Act, 2024 by inserting sub-sections (5) and (6) in Section 16 of the CGST Act, the date for availing ITC for the financial years 2017-202 ... Read more..

At the time of presentation of cheques in question, lender maintained his account at Mangalore Branch, he was fully justified in filing his complaint cases before jurisdictional Court at Mangalore, bu ... Read more..

Issuance of cheque towards security would also attract liability for commission of an offence punishable under section 138, borrower failed to file any evidence regarding rebuttable of presumptions un ... Read more..

Company raised various grounds disputing discrepancies in figure and non-execution of documents after filing of winding up petition, the company had not filed any evidence, which proves that there was ... Read more..