Judgements by CA Suraj R. Agrawal

The transfer of shares of an Indian company by a holding Company to another holding Company results in disallowance of brought forward losses

CA Suraj R. Agrawal 28 January 2016 at 12:21

The transfer of shares of an Indian company by a holding Co (Yum Asia) to another holding Co (Yum Singapore) results in change of “beneficial ownership” of shares and results in disallowance of b/fd losses even though the ultimate beneficial owner re

Posted in LAW | 2925 Views

ITAT Power to grant stay beyond 365 days

CA Suraj R. Agrawal 21 January 2016 at 11:16

Even in case of substituted third proviso to Section 254(2A) of the Act which restricts the power of the ITAT to grant stay beyond 365 days “even if the delay in disposing of the appeal is not attributable to the assessee” has been struck down in Pep

Posted in LAW | 2941 Views

Suspicion of highest degree cannot take place of evidence

CA Suraj R. Agrawal 20 January 2016 at 14:02

Bogus Sales/ Purchases: Addition solely on the basis of information received from the sales-tax department is not sustainable. Suspicion of the highest degree cannot take the place of evidence.

Posted in Community & General | 2736 Views