Where a postgraduate medical student received stipend during her PG medical education and compulsory residency training, such stipend was held to be a scholarship granted to meet the cost of education ... Read more..

Where assessee claimed amortisation of excess project cost over the concession period for an infrastructure project, such claim was held to be allowable following CBDT Circular No. 9/2014 ... Read more..

Where assessee failed to appear before CIT(A) and also failed to appear before the Tribunal despite intimation and multiple adjournments, the appeal was dismissed for want of prosecution and no merits ... Read more..

The order-in-original was vulnerable because it was made against a dead person. At least, prima facie, this is a case of a proprietary concern. Once the proprietor expires, at least notice should be g ... Read more..

If the authority concerned was satisfied with the reason shown by assessee for non-filing of the returns, the concerned authority shall take necessary steps in accordance with law, including revocatio ... Read more..

Assessee was directed to file a reply to the show cause notice within a stipulated period and the concerned authority was directed to consider the same and shall pass a reasoned order in accordance wi ... Read more..

Invalidation of cheque on account of merger with another bank would be a disputed question of fact and would be a probable defence that partners were free to take before Trial Court, they had not file ... Read more..

Scheme of arrangement did not contemplate vacation of attachment or closure of any proceedings filed by authorities under MPID Act as a consequence to approval of the scheme, the appellants did not me ... Read more..

Petitioners raised defence that no transaction of sale of jewellery ever took place and cheque was misused, but the same was not supported by any credible evidence, petitioners had not filed any evide ... Read more..