![Assessment u/s 153A is Limited to Search Income only: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/09/Assessing-officer-Tax-Scan.jpg "Assessment u/s 153A is Limited to Search Income only: Gujarat HC [Read Judgment]")
Assessment u/s 153A is Limited to Search Income only: Gujarat HC [Read Judgment]
In Principal CIT v. Deepak J Panchal, the division bench of the Gujarat High Court reiterated that the assessment under section 153A of the Income Tax...
![AO bound to obtain Approval from Authorities in case of Time Barred Re-Assessment as per the direction of CIT(A): Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/Re-Assessment-Taxscan.jpg "AO bound to obtain Approval from Authorities in case of Time Barred Re-Assessment as per the direction of CIT(A): Gujarat HC [Read Judgment]")
![Membership Fee received by the Club, refundable after 25 years is Capital Receipt, not Taxable: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/Membership-fees-Taxscan.jpg "Membership Fee received by the Club, refundable after 25 years is Capital Receipt, not Taxable: Gujarat HC [Read Judgment]")
AO is bound to give notice and Speaking Order before referring a matter to the TPO: Gujarat HC [Read Judgment]
In a recent decision, the division bench of the Gujarat High Court held that the Assessing Officer is liable to issue a Show Cause Notice and a speaking Order before referring a case to the Transfer...
Ship Breaking is a ‘Manufacturing Processs’: Gujarat HC allows IPT claim on LPG & Oxygen Gases under GVAT Act [Read Judgment]
In a recent decision, the two-judge bench of the Gujarat High Court allowed IPT claim on the LPG and oxygen gases used for the purpose of ship-breaking, treating the same as raw-material. The Court,...
Relegating a Party to the Alternative Remedy at a belated stage is the discretion of the Court: Gujarat HC [Read Judgment]
In a recent decision, the Gujarat High Court observed that it is the discretion of the Court to relegate a party to the alternative remedy at a belated stage. In the opinion of the Court, it is not an...
Re-Assessment cannot be made on the basis of error in law pointed out by the Audit Party: Gujarat HC [Read Judgment]
In a recent decision, the division bench of the Gujarat High Court opined that re-assessment cannot be made only on the basis of the audit party opinion on a point of law. The While quashing the...
Benefit of Deduction u/s 80HHC not applicable to Loss/Negative profits: Gujarat High Court [Read Judgment]
The division bench of the Gujarat High Court, recently held that the benefit of deduction under section 80HHC of the Income Tax Act cannot be allowed in case of loss or negative profits. The Court...
Transfer Pricing Proceedings can be initiated against the Company, If the directors held more than 20% Shares in an Associate Enterprise: Gujarat HC [Read Judgment]
The High Court of Gujarat while refusing to interfere with the transfer pricing proceedings initiated against a Company, observed that there is prima facie material to show that the directors of the...