Where assessee duly explained business expediency for giving interest free advances to potato growers i.e. to tie up with farmers so that the farmers keep their potato crop/produce in cold storage of ... Read more..

Where assessee did not derive any exempt income in relevant previous year, the assessment order could not be said to be erroneous and prejudicial to the interest of Revenue on account of no inquiry or ... Read more..

Where AO after issuing notice, seeking explanation from assessee and examining all the details such as bank statement, source of income, etc., made addition on account of unexplained investment, the a ... Read more..

Where the department did not serve notice before inflicting demand upon assessee, the said demand order was liable to be quashed. ... Read more..

Where Appellate Authority rejected appeal filed by assessee, as the same was filed beyond maximum condonable period, but if no opportunity was given to the assessee, it would become remedy less, there ... Read more..

Where applicant was arrested for being actively involved with co-accused in creation of fake firms and issuance of bogus bills and invoices without any supply of goods and services, however, the appli ... Read more..

Petitioner as authorised signatory issued cheque on behalf of company, but neither any notice was issued to the company nor the company was arrayed as an accused in the complaint, therefore, the petit ... Read more..

Petitioner filed petition for interim stay of LOC and for permission to travel abroad, but he was closely associated with Sahara Group during period of fraud, the petitioner was also a high flight ris ... Read more..

Land in question regarding payment of compensation was not transferred to appellant as per scheme of arrangement and the same was still in possession of JAL, therefore, the appellant was not liable fo ... Read more..