Supreme Court held that the scope of inquiry under Section 11 of the Arbitration and Conciliation Act, 1996 is limited to ascertaining the prima facie existence of an arbitration agreement. Thus, ...

CESTAT Allahabad held that penalty imposable for the act of smuggling of battery scrap by concealing the same with plastic ...

Investors can employ several strategies to manage volatility effectively: Diversification: Spreading investments across ...

Himachal Pradesh High Court held that interest as per provisions of section 12-A of the Himachal Pradesh Passenger and Goods ...

Madras High Court held that sales tax leviable on consideration received on sale of unredeemed articles by the auctioneers ...

12. In terms of Section 110 (2) of the Act, the seized goods are required to be returned, if a notice under Section 124 of the Act is not issued within the period as prescribed. As noted above, in the ...

ITAT Delhi held that assessment u/s. 143 (3) of the Income Tax Act based on material searched at third party is untenable in law. The assessment should be completed u/s. 153C instead of 143 (3).

Delhi High Court held that reference by AO to JCIT regarding non-deduction of TDS was first step for initiation of action for imposition of penalty. Accordingly, penalty order passed by JCIT levying ...

ITAT Ahmedabad held that addition u/s. 68 of the Income Tax Act towards unexplained cash credit set aside as no additions made in the hands of investors confirms genuineness of investor and hence ...

Kerala High Court held that direction of reopening of assessment by appellate authority without any enquiry or without any material is unjustified and untenable in law. Accordingly, appeal allowed.

Kerala High Court held that passing of consequential order by the Assessing Authority beyond the terms of remand by Commissioner under Section 263 of the Income Tax Act is wholly unacceptable.

ITAT Bangalore held that exemption under section 54 of the Income Tax Act allowable based on the amount utilised towards construction of new house property where the construction is not complete.