Where assessee did not claim any expenditure relatable to exempt income (one business assessed under section 44AD and another business capitalizing all expenditure to work-in-progress), and AO failed ... Read more..

Where AO taxed the entire sale consideration as capital gains without allowing any deduction towards cost of acquisition or fair market value as on 1-4-2001, and the assessee had obtained valuation re ... Read more..

Interest received on enhanced compensation under the Land Acquisition Act, was taxable under section 56(2)(viii) as income from other sources, with a deduction of 50 per cent under section 57(iv), and ... 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..