-
The legislative amendment made in section 263 by way of insertion of Explanation 2 in Finance Act, 2015 w.e.f. 01.06.2015 that an assessment order passed without making enquiry or verification is deemed to be an erroneous one in so far as it is prejudicial to the interest of Revenue.
SMT. VYJAYANTHI MUDAPAKA VERSUS INCOME TAX OFFICER, WARD 11 (1) HYDERABAD
(2022) TaxCorp(LJ) 28390 (ITAT-HYDERABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=95601&Category=ITAT&CategoryType=Zip
-
We set aside the order of the CIT(A) and AO is directed to allow the exemption.
CHURCH’S AUXILIARY FOR SOCIAL ACTION VERSUS ITO, TRUST WARD-III, NEW DELHI.
(2022) TaxCorp(LJ) 28389 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95604&Category=ITAT&CategoryType=Zip
-
The assessee is entitled to deduction being the provision created on account of fraud committed by one of its employees which caused loss to the leasing company. Therefore AO is directed to allow the deduction in full.
HELTI INDIA PVT. LTD. VERSUS ADDL. CIT, SPECIAL RANGE-4, NEW DELHI.
(2022) TaxCorp(LJ) 28388 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95608&Category=ITAT&CategoryType=Zip
-
Explanation merely explains the main section and is not meant to carve out a particular exception to the contents of the main section.
M/S G.P ENGINEERING WORKS KACHHWA AND 2 OTHERS VERSUS UNION OF INDIA AND 3 OTHERS
(2022) TaxCorp(LJ) 28387 (HC-ALLAHABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=86557&Category=Judgment&CategoryType=Zip
-
Since credit worthiness and the genuinity of the investments have been sufficiently established by the assessee, therefore addition is deleted.
PRINCIPAL COMMISSIONER OF INCOME TAX, CENTRAL-1, KOLKATA VERSUS M/S. ANMOL STAINLESS PVT. LTD.
(2022) TaxCorp(LJ) 28386 (HC-CALCUTTA) · https://taxcorp.in/FileOpenDT.aspx?ID=86558&Category=Judgment&CategoryType=Zip
-
Summary dismissal of Revenue’s SLP against Delhi HC ruling is not a decision on law and cannot be treated as a binding precedent under Article 141 of the Constitution.
Dilip J Thakkar Vs Deputy Commissioner of Income Tax
(2022) TaxCorp(LJ) 28385 (ITAT-MUMBAI)
-
Mauritian companies seem to be special purpose vehicles and with available material taking a prima facie call on their bona fideand genuineness was not possible.
Raykan Beverages Pvt Ltd Vs Deputy Commissioner of Income Tax
(2022) TaxCorp(LJ) 28384 (ITAT-MUMBAI)
-
Merely because the AO has not quoted the specific section for making the subject additions in the assessee’s income, the entire addition cannot be regarded as illegal.
M/S. GREAT GALLEON VENTURES LTD. INDORE VERSUS DCIT, CENTRAL-2, INDORE AND ACIT, CENTRAL-2, INDORE VERSUS M/S. GREAT GALLEON VENTURES LTD. INDORE
(2022) TaxCorp(LJ) 28383 (ITAT-INDORE) · https://taxcorp.in/FileOpenDT.aspx?ID=95585&Category=ITAT&CategoryType=Zip
-
Merely for reason for delay in getting approval from authority, expenditure incurred for specified business cannot be disallowed.
M/S. ROBUST HOTELS P. LTD. VERSUS THE DEPUTY COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE-5 (2) , CHENNAI
(2022) TaxCorp(LJ) 28382 (ITAT-CHENNAI) · https://taxcorp.in/FileOpenDT.aspx?ID=95589&Category=ITAT&CategoryType=Zip
-
The appellant has paid interest as interest for delay in payment of TDS. This is not an allowable expenditure. Therefore, disallowance by the CIT(A) is upheld.
SANKET FOOD PRODUCTS PRIVATE LIMITED VERSUS ITO, WARD 1 (3) , JALNA
(2022) TaxCorp(LJ) 28381 (ITAT-PUNE) · https://taxcorp.in/FileOpenDT.aspx?ID=95594&Category=ITAT&CategoryType=Zip
-
Revisional powers under section 263 cannot be invoked to set aside the reassessment order where the A.O. himself is not competent to embark upon roving enquiries on unconnected issues.
LAHARI LAMINATES PVT. LTD., HIRAPUR VERSUS DCIT, CIRCLE 1 (1) , RAIPUR.
(2022) TaxCorp(LJ) 28380 (ITAT-RAIPUR) · https://taxcorp.in/FileOpenDT.aspx?ID=95595&Category=ITAT&CategoryType=Zip
-
The second AO’s view based on the documents referred to by him is a plausible view.
BHUPATI DEALMARK PRIVATE LIMITED VERSUS PR. CIT-4, KOLKATA
(2022) TaxCorp(LJ) 28379 (ITAT-KOLKATA) · https://taxcorp.in/FileOpenDT.aspx?ID=95596&Category=ITAT&CategoryType=Zip
-
TDS under Section 194 is not required to be made unless the loan and advances are given to shareholder.
DEPUTY COMMISSIONER OF INCOMETAX, TDS CIRCLE, ASSISTANT COMMISSIONER OF INCOME-TAX, TDS CIRCLE VERSUS M/S. J.P. ISCON LTD. (FORMERLY KNOWN AS J.P. INFRASTRUCTURE LTD.) AND (VICE-VERSA)
(2022) TaxCorp(LJ) 28378 (ITAT-AHMEDABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=95598&Category=ITAT&CategoryType=Zip
-
It is trite law that a CBDT Circular is binding on the AO and not on the assessees or the ITAT or other appellate authorities and the Circular transgressing the boundaries of section 90(1) cannot bind the ITAT.
GRI Renewable Industries S.L Vs ACIT (IT)
(2020) TaxCorp(LJ) 28377 (ITAT-PUNE) · Section 90(1)
-
Mere absence of words 'power to grant stay' in Section 251 of the Act cannot mean that such powers are specifically excluded from the jurisdiction of the first appellate authority.
Harsh Dipak Shah Vs UNION OF INDIA
(2020) TaxCorp(LJ) 28376 (HC-GUJARAT)
-
It is settled law that deduction can be permitted only with respect to those expenses which are incurred in the relevant AY.
Geetha Pundaleeka Vs The Deputy Commissioner of Income Tax (International Txn.)
(2020) TaxCorp(LJ) 28375 (ITAT-BANGALORE) · Section 40(a)(ia)
-
The powers of provisional attachment are drastic powers and should be exercised in appropriate cases for proper reasons.
Raghunandan Enterprise Vs ASSISTANT COMMISSIONER OF INCOME TAX
(2020) TaxCorp(LJ) 28374 (HC-GUJARAT)
-
In cases where the return of an assessee is accepted without scrutiny, the assessing officer enjoys a greater latitude to reopen the assessment.
JAWARI LAL LUNIA S/O SH. GHEVAR CHAND VERSUS UNION OF INDIA, PRINCIPAL CHIEF COMMISSIONER OF INCOME TAX (NAFAC)
(2022) TaxCorp(LJ) 28373 (HC-RAJASTHAN) · https://taxcorp.in/FileOpenDT.aspx?ID=86549&Category=Judgment&CategoryType=Zip
-
Interest shall be paid at the rate prescribed under Section 244A(1)(b) for the period from the date of payment of tax, i.e., 7th January, 2011.
ROHAN DEVELOPERS PVT. LTD. VERSUS INCOME-TAX OFFICER (INTERNATIONAL TAXATION) -3 (1) , MUMBAI, DIRECTOR OF INCOME-TAX (INTERNATIONAL TAXATION -II MUMBAI, UNION OF INDIA
(2022) TaxCorp(LJ) 28372 (HC-BOMBAY) · https://taxcorp.in/FileOpenDT.aspx?ID=86551&Category=Judgment&CategoryType=Zip
-
We do not find any ambiguity in the order passed by the learned CIT(A) and he has rightly directed the learned AO to compute the commission income @ 0.25 paise per lakh deposited in the bank account.
ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1 RAJKOT VERSUS SHRI ANIRUDDHSINH J. SOLANKI
(2022) TaxCorp(LJ) 28371 (ITAT-RAJKOT) · https://taxcorp.in/FileOpenDT.aspx?ID=95579&Category=ITAT&CategoryType=Zip
Headnote lines are open to everyone. The full headnote and the judgment text open with a subscription — see plans or sign in.