Latest One-Liner Case Law Highlights By @HubofCA:
• No Sec. 68 additions in hands of Co. allotting shares against goodwill for acknowledging efforts of shareholders
• Reassessment justified if there was additional material which wasn’t considered at time of original assessment
• No ST on remuneration to partner towards activities performed for partnership firm: CESTAT Ahmedabad
• Bombay HC set aside demand notice sent via email since assessment order under MVAT Act was passed manually
• Section 272 (1)(e) of Cos. Act is not ultra vires Constitution of India: HC
• 100% of disputed tax is payable under DTVSV Act if assessment made on basis of info. obtained during search of 3rd party
• Telecom companies are eligible for SEIS claim: Delhi High Court
• AO wasn’t justified in taxing salary income earned outside India just because assessee couldn’t produce TRC
