Commissioner cannot Examine the Charitable Nature of the Entity while considering Registration Application: Allahabad HC
High Court allows Registration u/s 12A to GNIDA, YEIDA and NOIDA. In a significant ruling, the division bench of the Allahabad High Court ruled...
![Wrongful Claim of Input Tax Credit is not a Ground for Cancellation of Registration under UP VAT Act: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/VAT-Taxscan.jpg "Wrongful Claim of Input Tax Credit is not a Ground for Cancellation of Registration under UP VAT Act: Allahabad HC [Read Judgment]")
![Provision requiring Filing of Audit Report along with the Return is Directory, not Mandatory: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Audit-Tax-Scan.jpg "Provision requiring Filing of Audit Report along with the Return is Directory, not Mandatory: Allahabad HC [Read Judgment]")
Partners of a Firm are bound to Explain the Source of Gift received by their Minor Children: Allahabad HC [Read Judgment]
The division bench of the Allahabad High Court, in the case Banaras Chemical Factory v. CIT, held that the burden of explaining the source of gift received by the minor children of the Assessee-Firm...
![Partners of a Firm are bound to Explain the Source of Gift received by their Minor Children: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/04/Gift-Taxscan.jpg "Partners of a Firm are bound to Explain the Source of Gift received by their Minor Children: Allahabad HC [Read Judgment]")
Late Entry in Demat Pass Book cannot be a Sole Ground for Suspecting the Genuineness of Share Transaction: Allahabad HC
In Amita Bansal v. CIT, the division bench of the Allahabad High Court held that the genuineness of share purchase cannot be suspected merely on ground of Late Entry in the Demat pass book when there...
Loss / Gain on Foreign Currency Translation are not subject to Income Tax: Allahabad HC [Read Judgment]
A division bench of the Allahabad High Court, in CIT v. Jayaprakash Industries Pvt Ltd, held that the difference on foreign currency translation which is notional debit/credit, did not represent any...
![Loss / Gain on Foreign Currency Translation are not subject to Income Tax: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/04/Foreign-Currency.jpg "Loss / Gain on Foreign Currency Translation are not subject to Income Tax: Allahabad HC [Read Judgment]")
Jurisdiction of Re-Assessment Proceedings can be Questioned at any Stage: Allahabad HC [Read Judgment]
In Teena Gupta v. CIT, a division bench of the Allahabad High Court ruled that the jurisdiction of re-assessment proceedings under the Income Tax Act can always be raised at any stage. A Notice dated...
![Jurisdiction of Re-Assessment Proceedings can be Questioned at any Stage: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/09/Assessing-officer-Tax-Scan.jpg "Jurisdiction of Re-Assessment Proceedings can be Questioned at any Stage: Allahabad HC [Read Judgment]")
![Payment of Scholarship is ‘Charitable Expenditure’: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/03/Scholarship-Taxscan.jpg "Payment of Scholarship is ‘Charitable Expenditure’: Allahabad HC [Read Judgment]")
ITAT is bound to Consider the Merits of the Case while dismissing the Appeal for Want of Representation: Allahabad HC [Read Judgment]
The division bench of the Allahabad High Court recently, in Balaji Tirupati Enterprises v. CIT & Anr, ruled that, the Income Tax Appellate Tribunal (ITAT), while dismissing Appeal for want of...
Royalty and Fee for Technical Assistance are Revenue Expenditure and not Capital in nature: Allahabad HC [Read Order]
The division bench of Allahabad High Court held that, payment of royalty and fee for technical assistance paid to Japaneese Company M/s Hongo is an allowable business expenditure and cannot be held as...
![Royalty and Fee for Technical Assistance are Revenue Expenditure and not Capital in nature: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Revenue-Expenditure-Taxscan.jpg "Royalty and Fee for Technical Assistance are Revenue Expenditure and not Capital in nature: Allahabad HC [Read Order]")