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Assessing Officer need not formally record dissatisfaction while disallowing expense

In IndiaBulls Financial Services Ltd vs. DCIT, the Hon'ble Delhi High Court, while hearing the appeal  against order of the Appellant Tribunal decided that The fact that the AO did not expressly record his dissatisfaction with the assessee's working under Section 14A and Rule 8D of the IT Act does not mean that he cannot make the disallowance. The AO need not pay lip service and formally record dissatisfaction. It is sufficient if the order shows due application of mind to all aspects.

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Partition proceedings are vitiated even if single co-sharer is not made party or is not served in accordance with law

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Power of Attorney holder can also file cheque bounce cases: Supreme Court

The Supreme Court has held that a criminal complaint in a cheque bounce case can be filed and pursued by a person who holds a power of attorney (PoA) on behalf of the complainant. A three-judge bench headed by Chief Justice P Sathasivam gave the "authoritative" pronouncement on the issue, referred to it by a division bench in view of conflicting judgements of some high courts and the apex court. "We are of the view that the power of attorney holder may be allowed to file, appear and depose for the purpose of issue of process for the offence punishable under Section 138 of the Negotiable Instruments Act (which deals with cheque bounce cases)," the bench, also comprising justices Ranjana Prakash Desai and Ranjan Gogoi, said. The bench, in its judgement, said, "...we clarify the position and answer the questions in the following manner: "Filing of complaint petition under Section 138 of Negotiable Instruments Act through PoA holder is perfectly legal...
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Christian who reconverts as Hindu SC will get quota benefits

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