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
Continuation of Trial and Abuse of Process: Supreme Court Quashes Criminal Proceedings Against SurgeonÂ
The Supreme Court has quashed criminal proceedings against Dr. S. Balagopal, a pediatric surgeon,...
Other Laws
Mere Use of Abusive Word ‘Not Obscenity’: Supreme Court
The Supreme Court has held that the mere use of abusive language such as...
Other Laws
Minor’s Right to Challenge Proceedings Upheld: Supreme Court Sets Aside Ex Parte Succession CertificateÂ
The Supreme Court has set aside an ex parte succession certificate granted in a...
Other Laws
Fresh Arbitration Plea Barred After Abandonment: Supreme Court Applies Order 23 Rule 1 CPC to Section 11 Proceedings
The Supreme Court has held that a party who abandons arbitral proceedings cannot subsequently...
Other Laws
Supreme Court Quashes FEMA Adjudication Orders, Revives Proceedings at Show Cause Stage
The Supreme Court has quashed the Foreign Exchange Management Act (FEMA) adjudication orders and...
Other Laws
Whether Entry-Level Grade Pay Can Be Used to Deny NFU After 4 Years in Level 8: Supreme Court Says No
The Supreme Court has dismissed the Union of India’s appeal and upheld the entitlement...
Other Laws
Supreme Court Cancels Bail of Realty Director for Failure to Settle Homebuyer Claims and Violation of Bail Conditions
The Supreme Court has cancelled the bail granted to realty developer Satinder Singh Bhasin,...
Other Laws
SCN Must Clearly Indicate Intent to Blacklist: Supreme Court Quashes 5-Year Debarment, Upholds Contract Termination
The Supreme Court has held that blacklisting of contractors cannot be imposed mechanically without...
Other Laws
Higher Rank, Harsher Punishment Justified: Supreme Court Restores Dismissal of Bank Manager in Misappropriation Case
The Supreme Court has held that higher-ranking officials can justifiably face stricter punishment compared...
Company & PMLA
PMLA Bail Denied Over ‘Speedy Trial’ Claim: Punjab & Haryana High Court Rules Custody Not Long Enough to Override S. 45 Twin Conditions
The Punjab & Haryana High Court while denying bail over the speedy trial claim...
Other Laws
Re-Determination of Land Compensation Can Be Based on Appellate Court Awards, Clarifies Scope of S. 28-A: Supreme CourtÂ
The Supreme Court of India has held that re-determination of compensation under Section 28-A...
Other Laws
Supreme Court Holds Renewable Energy Incentive Must Benefit Generators, Not Be Adjusted in Tariff
The Supreme Court of India has held that Generation-Based Incentives (GBI) provided by the...
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...