1.   National Institute of Aeronautical Engineering Educational Society [Related to section 2(15) & 12AA]

    In expression “charitable purpose” charity is soul of the expression. Mere trade and commerce in education cannot be said to be a charitable purpose.”

     (Click here for analysis)

    (Click here for judgement)

  

2.    PORBANDAR COAL AGENCY (Gujarat HC) [Related to section 148 & 158BA] 

Gujarat HC in this ruling, allowing assessee's writ petition, has quashed re-opening notices u/s 148 pertaining to block /search assessment period, based on search material remaining unused in earlier search assessment.

(Click here for analysis)

(Click here for judgement)

     

3.    SUBHA AND PRABHA BUILDERS (Kar HC) [Related to section 131(3)]

     Specified authority having power to retain impounded books, under subject provision (section 131(3) proviso), in view of High Court, has no power to keep extending the period repeatedly, as is done in present case, for years together.

     (Click here for analysis)

    (Click here for judgement)

   

4.    VADDANAHAL (Kar HC) [Related to section 145] 

     Kar HC has affirmed ITAT and CIT-A order (dismissed assessee's appeal) for addition made by Assessing Officer on account of sale to sister concern at low rate.

     (Click here for analysis)

    (Click here for judgement)

 

 

(click here) for the Membership Form for becoming the Associate Member of ‘Voice of CA’.

        

"Win as if you were used to it, lose as if you enjoyed it for a change"

 

Thanks for your valuable time

    

"Voice of CA"

  

     

CA. Kapil Goel, Moderator-Direct Taxes, Mob:9910272806, cakapilgoel@gmail.com

CA. Sidharth Jain, Co-Moderator, Mob: 9810418700, sidhjasso@yahoo.com

CA. Mukesh K Bansal, Co-Moderator-FEMA, mkak@rediffmail.com

Click here  for Team Voice of CA Chapters detail.