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Showing posts from September, 2012

Tax Case-Reopening based on Second thought on same material not valid – SC

Reopening based on Second thought on same material not valid – SC : It is now a settled law that if an explanation is added to a section of a statute for the removal of doubts, the implication is that the law was the same from the very beginning and the same is further explained by way of addition of the Explanation. Thus, it is not a case [...] [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

writ petition in relation to taxation matter

Introduction to writ petition in relation to taxation matter : As per Article 226 of Constitution of India every High Court can issue any direction or order or writ to enforce for enforcement of rights which are in the n

Fairdeal Motors & Workshop P.Ltd. ... vs Assessee on 5 September, 2012

Fairdeal Motors & Workshop P.Ltd. ... vs Assessee on 5 September, 2012 : alleged sundry creditors comes to <b>Jammu</b> for encashment of the cheques. Since, the bearer cheques have been encashed at <b>Jammu</b> ... addresses of these persons are of Ladakh region of <b>Jammu</b><b> </b><b>&amp;</b> <b> </b> <b>Kashmir</b> where the income is exempt under section