R Vaishnaw

24/02/2024

India's three new criminal laws replacing IPC, CrPC and Evidence Act to come into force from July 1

11/12/2023

The Supreme Court on December 11 upheld the validity of the Union Government's 2019 decision to repeal the special status of Jammu and Kashmir (J&K) under Article 370 of the Constitution. The court held that the State of J&K had no internal sovereignty and the concurrence of the State Government was not required to apply the Indian Constitution to the State of J&K. It was held that Article 370 was a temporary provision.

11/12/2023

The Supreme Court on December 11 upheld the validity of the Union Government's 2019 decision to repeal the special status of Jammu and Kashmir (J&K) under Article 370 of the Constitution. The court held that the State of J&K had no internal sovereignty and the concurrence of the State Government was not required to apply the Indian Constitution to the State of J&K. It was held that Article 370 was a temporary provision.

06/12/2023

28/05/2023

The newly constructed Parliament building symbolizes the aspiration and determination of over 1.4 billion Indians to create a stronger, more developed nation.

Prime Minister Shri Narendra Modi will inaugurated the new Parliament building today, 28.05.2023

28/05/2023

The 'Sengol' installed in the new Parliament by PM Narendra Modi Ji today bridges India's cultural heritage with its present. It will continue to remind future generations of Indians about the significance of the virtue of righteousness in our rich culture.


'Sengol' is the symbol of the transfer of power to India from the Britishers on the 14th of August in 1947.

The ‘Sengol’, represents the values of fair and equitable governance. It will shine near the Lok Sabha Speaker's podium as a national symbol of the Amrit Kaal, an era that will witness the new India taking its rightful place in the world.

11/05/2023

सुप्रीम कोर्ट का बड़ा फैसला :-

दिल्ली सरकार करेगी अधिकारियों पर नियंत्रण। सिर्फ उन बातों को छोड़ कर जिन पर विधानसभा का अधिकार नहीं है। (यानी पुलिस, कानून व्यवस्था और भूमि को छोड़ कर)

11/05/2023

Supreme Court's big decision: -

Delhi government will control the officials. Except those things on which the Legislative Assembly has no right. (i.e. excluding police, law and order and land)

31/08/2022

Happy Ganesh Chaturthi


#गणेश #चतुर्थी #गणपति #बप्पा #लंबोदर

17/06/2022

INCOME TAX : Where Assessing Officer had examined issue of sale of shares and resultant capital gain accruing therefrom and assessee had duly replied and filed all evidences, Pr. Commissioner had invalidly and improperly exercised jurisdiction under section 263 and, therefore, revisionary proceedings under section 263 was to be quashed

INCOME TAX : Mere fact that Assessing Officer has not elaborated issue in assessment order would not entitle Pr. Commissioner to exercise jurisdiction under section 263

IN THE ITAT MUMBAI BENCH 'F'
Vipul Modi
v.
Principal Commissioner of Income-tax*
RAJESH KUMAR, ACCOUNTANT MEMBER
AND AMARJIT SINGH, JUDICIAL MEMBER
IT APPEAL NO. 926 (M) OF 2021
[ASSESSMENT YEAR 2014-15]
JANUARY 5, 2022

I. Section 10(38), read with sections 147 and 263, of the Income-tax Act, 1961 - Capital gains - Income arising from transfer of long-term securities (shares) - Assessment year 2014-15 - Reassessment was initiated under section 147 in case of assessee mainly to examine issue of long-term capital gain resulting from sale of shares of a company (ICVL) - Assessing Officer after considering written submission of assessee and all information and evidences accepted claim of assessee as genuine - Thereafter, Pr. Commissioner exercised revisionary jurisdiction under section 263 on ground that Assessing Officer had not conducted adequate enquiry into issue and, therefore, assessment was erroneous and prejudicial to interest of revenue - Whether since Assessing Officer had examined issue of sale of shares and resultant capital gain accruing therefrom during re-assessment proceedings by issuing various notices under section 142(1) and assessee had duly replied and filed all evidences, Commissioner had invalidly and improperly exercised jurisdiction under section 263 and, therefore, revisionary proceeding under section 263 was hereby quashed - Held, yes [Para 6] [In favour of assessee]

II. Section 263 of the Income-tax Act, 1961 - Revision - Of orders prejudicial to interest of revenue (General) - Assessment year 2014-15 - Whether mere fact that Assessing Officer has not elaborated issue in assessment order would not entitle Pr. Commissioner to exercise jurisdiction under section 263 - Held, yes [Para 6] [In favour of assessee]

05/05/2022

INCOME TAX : SC agrees with HCs that ITD erred in issuing reassessment notices on or after 1-4-2021 even if for past AYs as per old provisions but gives partial relief to Department by treating the reassessment notices issued under old provisions and quashed by HCs as show cause notices issued under clause (b) of new section 148A and dispenses with enquiry by AO under clause (a) of section 148A. AOs to furnish to assessees all material relied upon by them and assessees free to raise all defences before AO.

SUPREME COURT OF INDIA
Union of India
v.
Ashish Agarwal
M. R. SHAH AND B. V. NAGARATHNA, JJ.
CIVIL APPEAL NOS. 3005 TO 3017 OF 2022 AND OTHS
MAY 4, 2022