Monthly Archive: December 2018
New Rules regarding Issue of securities including shares Preference Shares, Debentures NCDs and CCDs etc. by any public companies which is not listed
New Rules regarding Issue of securities including shares Preference Shares, Debentures NCDs and CCDs etc. by any public companies which is not listed Now Every unlisted public company shall facilitate dematerialisation of all its existing securities by making necessary application…
Moreover, addition was made only on statement of Sh. VK without providing copy of same and without providing any opportunity to assessee to cross examine same, which was in violation of principle of natural justice and against law laid down by Supreme Court of India in case of Andaman Timber vs. CIT—Therefore, in present case, addition made by AO on basis of statement of Sh. VK was deleted
ANUBHAV JAIN vs. INCOME TAX OFFICER DELHI TRIBUNAL H. S. SIDHU, JM. ITA No. 4565/DEL/2018, 4566/DEL/2018 Nov 26, 2018 (2018) 54 CCH 0273 DelTrib Legislation Referred to Section 142(1), 143(2) Case pertains to Asst. Year 2014-15 Decision in favour of:…
Unless corroborative evidence is found during course of survey, search & seizure, addition cannot be made merely on statement recorded.
CONCEPT COMMUNICATION LTD. vs. DEPUTY COMMISSIONER OF INCOME TAX BOMBAY TRIBUNAL R. C. SHARMA, AM & SANDEEP GOSAIN, JM. ITA No. 2800/Mum/2016, 2801/Mum/2016, 2802/Mum/2016, 2803/Mum/2016, 2804/Mum/2016, 3026/Mum/2016, 2805/Mum/2016 Nov 14, 2018 (2018) 54 CCH 0274 MumTrib Legislation Referred to Section…