PMLA: Supreme Court upholds 'Twin Conditions' for Granting Bail [Read Judgment]
A division bench of the Supreme Court has upheld the ‘twin conditions’ for granting bail under the Prevention of Money Laundering Act, 2002. A...
![Absence of Notice cannot be Cured by Invoking S. 292BB of Income Tax Act: Delhi High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Absence-of-Notice-cured-Invoking-Income-Tax-Act-Delhi-HC-Taxscan.jpg "Absence of Notice cannot be Cured by Invoking S. 292BB of Income Tax Act: Delhi High Court [Read Order]")
![No Bar of Appointment of Advocates as Receivers under SARFAESI Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/SARFAESI-Act-Delhi-High-Court-Taxscan.jpg "No Bar of Appointment of Advocates as Receivers under SARFAESI Act: Delhi HC [Read Order]")
DGFT empowered to Initiate proceedings in case of violation of Exemption Notification: Gujarat HC [Read Judgment]
The Gujarat High Court has held that in the case of violation of exemption notification and advance authorization license by any company, the Director-General of Foreign Trade (DGFT) is empowered to...
![DGFT empowered to Initiate proceedings in case of violation of Exemption Notification: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/02/DGFT-Exemption-Notification-Taxscan.jpg "DGFT empowered to Initiate proceedings in case of violation of Exemption Notification: Gujarat HC [Read Judgment]")
Delhi HC affirms Assessee not entitled to Claim Deduction until Liability for which Deduction is Claimed has Accrued [Read Judgment]
The Delhi High Court in the case of Housing and Urban Development Corporation Ltd. vs. Additional Commissioner of Income Tax held that the assessee is not entitled to claim the deduction until the...
![Delhi HC affirms Assessee not entitled to Claim Deduction until Liability for which Deduction is Claimed has Accrued [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/02/Assessee-Claim-deduction-Taxscan.jpg "Delhi HC affirms Assessee not entitled to Claim Deduction until Liability for which Deduction is Claimed has Accrued [Read Judgment]")
Securities Exchange is entitled to exercise its Right of Lien on Security Deposits, reiterates Bombay HC [Read Judgment]
The Bombay High Court has reiterated that the security exchange is entitled to exercise its right of lien on security deposits. The Writ Petition was filed by the Stock Exchange Bombay, now called as...
![Securities Exchange is entitled to exercise its Right of Lien on Security Deposits, reiterates Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/02/Security-Deposits-Bombay-High-Court-Taxscan-1.jpg "Securities Exchange is entitled to exercise its Right of Lien on Security Deposits, reiterates Bombay HC [Read Judgment]")
Land belonging to Gurudwara which is not categorized as Agricultural Land liable to TDS on Compulsory Acquisition: Delhi HC [Read Judgment]
The Delhi High Court has held that land belonging to religious establishment compulsorily acquired by the government is liable to TDS under Section 194 LA of the Income Tax Act if it is not proved to...
![Land belonging to Gurudwara which is not categorized as Agricultural Land liable to TDS on Compulsory Acquisition: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/02/Gurudwara-Capital-Asset-Taxscan.jpg "Land belonging to Gurudwara which is not categorized as Agricultural Land liable to TDS on Compulsory Acquisition: Delhi HC [Read Judgment]")
Interest Received by Builder on Temperary Deposits from Purchasers constitute Business Incomes: ITAT allows Deduction
The ITAT Mumbai held that interest received by the property developer, on temporary deposits of surplus money out of advances received by from intending purchases was business incomes and not income...
Gujarat HC allows Expenses incurred on a Donation made through Banking Channel used for Scientific Research [Read Judgment]
The Gujarat High Court has allowed expenses incurred on donations made through Banking Channel for Scientific Research Purpose. The assessee M/s Thakkar Govindbhai Ganpatlal HUF had filed its return...
![Gujarat HC allows Expenses incurred on a Donation made through Banking Channel used for Scientific Research [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/05/Donations-Taxscan.jpg "Gujarat HC allows Expenses incurred on a Donation made through Banking Channel used for Scientific Research [Read Judgment]")