Amit Sharma
Amit Sharma is the Content Editor at JurisHour. He has been writing about the Indian legal market. He has covered tax & company litigation stories from the Supreme Court, High Courts and Various Tribunals. Amit graduated from MLSU Law College with B.A.LL.B. and also holds an LL.M. from MLSU, Udaipur, Rajasthan. An Advocate in Taxation, and practised in Tribunals as well as Rajasthan High Court and pursued Masters in Constitutional Law. He started out small with little resources but a big plan to take tax legal education to the remotest locations across India and eventually to the world. His vision is to make tax related legal developments accessible to the masses.
Direct Tax
Bank Deposits Can’t Be Treated as Unexplained Income When Linked to Business Turnover; Profit Estimation Must Follow Past History: ITAT
The Lucknow Bench of the Income Tax Appellate Tribunal (ITAT) has held that bank deposits cannot be treated as unexplained income under Section 69A of the Income Tax Act where they are reasonably attributable to business turnover. The Tribunal further emphasized that estimation of...
Direct Tax
Refund of Loan Can’t Be Treated as Unexplained Cash Credit; Additions Based Solely on Statements Without Evidence Not Sustainable: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the Revenue’s appeal against M/s Minda Capital Pvt. Ltd., holding that refund of a loan cannot be treated as unexplained cash credit under Section 68 of the Income Tax Act. The bench of...
Keep exploring
Other Laws
Resolution Plan Invalid if Co-operative Society Not in “Same Line of Business”: Supreme Court Clarifies Scope Under IBC
The Supreme Court has clarified that a resolution plan submitted by a co-operative society...
Other Laws
Relevant Date For Determining Limitation Is Date Of Filing Of Complaint And Not The Date of Cognizance: Supreme Court
The Supreme Court held that the relevant date for determining limitation is the date...
Other Laws
Governor Must Decide Extraordinary Pension, High Court Cannot Grant It Directly: Supreme Court
The Supreme Court has held that extraordinary pensions under statutory rules can only be...
Other Laws
Voluntary Abandonment Not Equivalent to Retirement: Supreme Court Denies Pension Claim
The Supreme Court has dismissed an appeal filed by former State Bank of India...
Other Laws
Supreme Court Acquits Man in 2011 Murder Case, Cites Weak Circumstantial Evidence
The Supreme Court of India on Tuesday acquitted Gautam Satnami in a 2011 murder...
Other Laws
Supreme Court Quashes Post-Retirement Disciplinary Action Against Bank Officer
The Supreme Court quashes post-retirement disciplinary action against bank officers.The bench of Justice J.K....
Other Laws
Complaints U/s 138 Of NI Act Can’t Be Dismissed At Pre-Trial Stage: Supreme Court
The Supreme Court has held that complaints under Section 138 of the Negotiable Instruments...
Other Laws
Primacy Of Merit In Appointments Under Unreserved Category: Supreme Court
The Supreme Court has reaffirmed the primacy of merit in appointments under the unreserved...
Other Laws
Sattankulam Custodial Death Case: Tamil Nadu Court Awards Death Penalty to Nine Policemen
In a landmark judgment that underscores accountability in cases of custodial violence, a trial...
Company & PMLA
Mere Designated As Company Director Doesn’t Automatically Imply Responsibility For Company’s Day-To-Day Operations: Supreme Court
The Supreme Court has quashed criminal proceedings against Saroj Pandey, holding that mere designation...
Other Laws
CCTV Evidence Contradicting Allegations Leads Supreme Court of India to Quash Criminal Proceedings
The Supreme Court has set aside a Calcutta High Court order and quashed criminal...
Other Laws
CAG Audit Can’t Substitute Criminal Probe; Lacks Powers to Trace Money Trail, Fix Accountability in Cognizable Offences: Supreme Court
The Supreme Court has held that a Comptroller and Auditor General (CAG) audit is...
Latest articles
Direct Tax
Bank Deposits Can’t Be Treated as Unexplained Income When Linked to Business Turnover; Profit Estimation Must Follow Past History: ITAT
The Lucknow Bench of the Income Tax Appellate Tribunal (ITAT) has held that bank...
Direct Tax
Refund of Loan Can’t Be Treated as Unexplained Cash Credit; Additions Based Solely on Statements Without Evidence Not Sustainable: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the Revenue’s...
Direct Tax
ITAT Upholds Allowability of Advertisement Reimbursement and JV-Linked Expenses; Allows Proportionate Retainership Fees
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) addressed multiple contentious issues...
Direct Tax
Under-Construction Property Qualifies as ‘Construction’: ITAT Allows S. 54F Deduction
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that investment...