Annual Digest 2024: Supreme Court and High Court Cases on Taxation [Part 6]
This annual round-up analytically summarizes the key Direct and Indirect Tax Judgments of the Supreme Court and all High Courts of India reported at...
![ITAT upholds CIT(A)’s Deletion of ₹3.4 crore Addition u/s 69A, Dismisses AO’s Appeal for Lack of Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Cuttack-CITA-Commissioner-of-Income-Tax-Appeals-AO-assessing-officer-Evidence-TAXSCAN.webp "ITAT upholds CIT(A)’s Deletion of ₹3.4 crore Addition u/s 69A, Dismisses AO’s Appeal for Lack of Evidence [Read Order]")
![Liability of Corporate Guarantor Does Not Absolve Only Due to Non-Invocation of Guarantee: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/NCLAT-NCLAT-Delhi-National-Company-Company-Law-Appellate-Tribunal-Corporate-Guarantor-TAXSCAN.jpg "Liability of Corporate Guarantor Does Not Absolve Only Due to Non-Invocation of Guarantee: NCLAT [Read Order]")
Central Bank of India announces Low Interest Loans for CA/CS/CMA Professionals for Office/Practice Development
In a bid to support the financial needs of Chartered Accountants ( CA ), Company Secretaries ( CS ), and Cost Accountants ( CMA ), the Central Bank of India ( CBI ) has rolled out a new and enticing...
ED Files Prosecution Complaint Against Parabolic Drugs’ Chartered Accountant and Directors for Money Laundering
The Directorate of Enforcement ( ED ) filed a Prosecution Complaint ( PC ) under the Prevention of Money Laundering Act ( PMLA ), 2002 against M/s Parabolic Drugs Limited, its directors, and a...
Date of Default of Corporate Guarantor is Independent of Principal Borrower's Date of Default: NCLT [Read Order]
The Mumbai Bench of the National Company Law Tribunal ( NCLT ) ruled that the date of default of corporate guarantor is independent of the principal borrower's date of default. The Company...
![Date of Default of Corporate Guarantor is Independent of Principal Borrowers Date of Default: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/NCLT-NCLT-Mumbai-Corporate-Guarantor-Date-of-loan-agreements-Borrower-Principal-Borrower-TAXSCAN.jpg "Date of Default of Corporate Guarantor is Independent of Principal Borrowers Date of Default: NCLT [Read Order]")
Proceedings u/s 56 of FERA cannot be continued in Absence of Issuance of SCN or Opportunity Notice: Delhi HC quashes Exparte Proceeding by ED [Read Order]
In a recent judgement, the Delhi High Court proceedings under section 56 of the Foreign Exchange Regulation Act, 1973 (FERA) cannot be continued in the absence of issuance of Show cause notice (SCN)...
Disallowance of Expenditure u/s 14A can't be made when exempt Income-earning securities are held as Stock-in-trade: ITAT grants relief to Central Bank of India [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) while granting relief to the Central Bank of India, held that the disallowance of expenditure under Section 14a of the Income Tax Act,...
![Disallowance of Expenditure u/s 14A cant be made when exempt Income-earning securities are held as Stock-in-trade: ITAT grants relief to Central Bank of India [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Disallowance-of-Expenditure-Income-earning-securities-Stock-in-trade-ITAT-grants-relief-Central-Bank-of-India-taxscan.jpg "Disallowance of Expenditure u/s 14A cant be made when exempt Income-earning securities are held as Stock-in-trade: ITAT grants relief to Central Bank of India [Read Order]")
Late Deposit of TDS in Compliance with Interim Injunction order During Pendency of Writ Petition: ITAT deletes Interest for Late TDS deposit against Central Bank of India [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the interest for late deposit of Tax Deducted at Source (TDS) against the Central Bank of India as the late deposit of TDS was in...
![Late Deposit of TDS in Compliance with Interim Injunction order During Pendency of Writ Petition: ITAT deletes Interest for Late TDS deposit against Central Bank of India [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Late-Deposit-of-TDS-TDS-Late-Deposit-of-TDS-in-Compliance-with-Interim-Injunction-order-Deposit-ITAT-taxscan.jpg "Late Deposit of TDS in Compliance with Interim Injunction order During Pendency of Writ Petition: ITAT deletes Interest for Late TDS deposit against Central Bank of India [Read Order]")