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![Cash Seized during Search can be Adjusted against Advance Tax Liability: Punjab & Haryana HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/04/Cash-Seized.jpg "Cash Seized during Search can be Adjusted against Advance Tax Liability: Punjab & Haryana HC [Read Judgment]")
Cash Seized during Search can be Adjusted against Advance Tax Liability: Punjab & Haryana HC [Read Judgment]
In Pr. Commissioner of Income Tax v. Sh. Surinder Kumar Khindri, the division bench of the Punjab and Haryana High Court held that the cash seized...
![Trust do not lose its Charitable Nature if the Surplus is used for Building Infrastructure, for use of Charitable Purposes: Punjab & Haryana HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/charity-Tax-Scan.jpg "Trust do not lose its Charitable Nature if the Surplus is used for Building Infrastructure, for use of Charitable Purposes: Punjab & Haryana HC [Read Judgment]")
Method of Computation prescribed u/s 80HHC(3) can be applied for determining profit/loss from Trading Goods for the purpose of s. 80IA: Punjab & Haryana HC [Read Judgment]
A division bench of Punjab and Haryana High Court has directed the Assessing Officer to compute the deduction under section 80 IA of the Income Tax Act by following the method in Section 80 HHC (3)...
![Method of Computation prescribed u/s 80HHC(3) can be applied for determining profit/loss from Trading Goods for the purpose of s. 80IA: Punjab & Haryana HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Punjab-and-Haryana-High-Court-Tax-Scan.jpg "Method of Computation prescribed u/s 80HHC(3) can be applied for determining profit/loss from Trading Goods for the purpose of s. 80IA: Punjab & Haryana HC [Read Judgment]")
No Expense is Attributable to the Exempted Income as the revenue failed to establish direct nexus between expenses incurred & income earned: Punjab & Haryana HC [Read Judgment]
The first bench of Punjab and Haryana High Court has upheld the ITAT order that, No Expense is Attributable to the Exempted Income as the revenue failed to establish direct nexus between expenses...
![No Expense is Attributable to the Exempted Income as the revenue failed to establish direct nexus between expenses incurred & income earned: Punjab & Haryana HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/09/Punjab-and-Haryana-High-Court-Tax-Scan.jpg "No Expense is Attributable to the Exempted Income as the revenue failed to establish direct nexus between expenses incurred & income earned: Punjab & Haryana HC [Read Judgment]")
If Goods are not expressly “prohibited” for importation, importer would be entitled to redeem goods even upon adjudication; Punjab & Haryana HC [Read Judgment]
In a recent Judgment Horizon Ferro Alloys Pvt. Ltd. & others vs Union of India, the division bench of Punjab and Haryana High Court has held that, If the goods are not expressly “prohibited” for...