SC: Magistrates Should Not Record Prosecution Evidence in Sessions-Triable Cases || Supreme Court Lays Down Guidelines on Using ITRs to Assess Motor Accident Victims' Income || Supreme Court: Citing AI-Generated Fake Precedents Amounts to Advocate Misconduct || Bombay HC: Horse-Trading Rampant in Maharashtra, FIRs 'Washed' After Switching Sides || Tripura High Court: Senior Citizens Cannot be Penalised For Failing to Follow Cases Online || Delhi High Court: Parent Cannot Gain Advantage by Keeping a Child Against a Foreign Court Order || Allahabad HC: Places of Worship Act Bars Conversion of Religious Character, Not State Acquisition || Jharkhand HC: Single Instance of Mother-In-Law Abusing Daughter-In-Law Does Not Amount to Cruelty || Madras High Court: No Appeal Lies Against E-Court Status or Adjournment Orders || Chhattisgarh HC: Judicial Officer Promotion Cannot be Denied on Complaint Without Disciplinary Action

Search Results for Tag : Business Loss

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ITAT, Bangalore: Unascertained Business Loss Cannot be Allowed as Deduction(09.03.2022)

Income Tax Appellate Tribunal, Bangalore has ruled that unless the recovery of embezzled amount in the course of business was impossible, it could not.....

Tags : Income Tax Appellate Tribunal, Unascertained Business Loss

SC: Loss on Confiscation of Smuggled Items by DRI Officials Not ‘Business Loss’(27.04.2023)

Supreme Court has held that loss claimed by the assessee on account of confiscation of smuggled items by the Customs department, can’t be treated as ‘.....

Tags : Supreme Court, Smuggled Items, Business Loss