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 books of account of assessee-company were subjected to audits, ad hoc disallowance made by AO in respect of expenses incurred on incentives paid to sales staff, by not specifically assigning any ... 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..

Where assessment order was passed against the assessee without considering the detailed reply submitted by it, the said order was cryptic and was liable to be set aside. ... 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..

CA failed to exercise due diligence in conduct of professional duties while certifying information in Form 10DA and also did not obtain sufficient appropriate evidence with regard to compliance of con ... Read more..