Where concealed or undisclosed rental income was detected on account of search proceedings and the same was accepted by assessee qua the assessment order, the penalty order, which followed the quantum ... Read more..

Where foreign entity did not have PE in India in terms of Article 5(2)(k) of India-USA DTAA, assessee would not have obligation to withhold taxes at source out of payments made to that foreign entity. ... Read more..

Where audit report along with Form 10B was signed prior to filing of return by assessee and further, the issue was squarely covered by Circular F. No. 173/193/2019 dt. 23-4-2019, however, for the sake ... Read more..

Where assessee filed appeal against order of cancellation of registration much beyond statutory period of limitation and that too without any genuine reason, there was no perversity in order of cancel ... Read more..

Where there were major discrepancies between declared description of goods and the physical verification report and, the available records and evidences inferred assessees intent to evade taxes, there ... Read more..

Where assessee had statutory remedy of appeal against demand order passed by the authority, writ petition could not be entertained without exhausting remedy of appeal. ... Read more..

Borrower himself admitted that he issued cheque in question to his father five to six months before his death i.e. in month of January or February of 2014, therefore, a fresh period of limitation woul ... Read more..

Resolution Plan is liable to be approved where it is prepared in accordance with the provisions of law and approved by the CoC with the requisite majority. ... Read more..

Application for initiating CIRP against the financial creditor under section 95 is liable to be rejected in the absence of service of proper and legal demand notice on personal guarantor. ... Read more..