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No disallowance under section 43B can be made in this case because no expense on this count has been claimed.
ASSTT. COMMISSIONER OF INCOME TAX, VALSAD CIRCLE, VALSAD VERSUS M/S SAVITA CONSTRUCTION PVT. LTD.
(2021) TaxCorp(LJ) 26987 (ITAT-SURAT) · https://taxcorp.in/FileOpenDT.aspx?ID=91093&Category=ITAT&CategoryType=Zip
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Just merely claim of wrong deduction in the return of income does not attract penalty under section 271(1)(c)
VIJAYSINH P SOLANKI VERSUS THE DCIT CIRCLE-1 (3) , SURAT AND MAYUR MATHURDAS PATEL VERSUS THE INCOME TAX OFFICER, WARD-1 (3) (7), SURAT
(2021) TaxCorp(LJ) 26986 (ITAT-SURAT) · https://taxcorp.in/FileOpenDT.aspx?ID=91095&Category=ITAT&CategoryType=Zip
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The authority may not levy the penalty if the conduct of the assessee is not found to be contumacious.
ACIT-26 (1) MUMBAI VERSUS SHRI GHANSHYAM T. GURSAHANI
(2021) TaxCorp(LJ) 26985 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=91100&Category=ITAT&CategoryType=Zip
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Once the borrowed funds were indeed utilized by the assessee company for the purpose of its business, the interest paid on such borrowings becomes an allowable deduction u/s.36(i)(iii) of the Act.
M/S. GREAT WHITE HARDWARE PVT. LTD. VERSUS ACIT CIRCLE- 7 (1) (1), MUMBAI
(2021) TaxCorp(LJ) 26984 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=91101&Category=ITAT&CategoryType=Zip
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Provisions u/Sec 207 & Sec 208 are not inclusive and are independently applicable.
NEETA ROHIT PATEL VERSUS DCIT (CPC), BANGALORE
(2021) TaxCorp(LJ) 26975 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=91045&Category=ITAT&CategoryType=Zip
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We accept the secondary submissions of the ld AR for the assessee and therefore assessing officer is directed to delete the penalty levied under section 271(1)(c) of the Act.
M/S KANERIYA SAND AND AGGREGATES PVT. LTD. VERSUS THE DY. COMMISSIONER OF INCOME TAX, VALSAD CIRCLE, VALSAD
(2021) TaxCorp(LJ) 26974 (ITAT-SURAT) · https://taxcorp.in/FileOpenDT.aspx?ID=91053&Category=ITAT&CategoryType=Zip
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Section 49 deals with the cost with reference to certain modes of acquisition.
SHRI BINDIGANAVALE RAVI VERSUS THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 5 (2) (1), BENGALURU.
(2021) TaxCorp(LJ) 26973 (ITAT-BANGALORE) · https://taxcorp.in/FileOpenDT.aspx?ID=91056&Category=ITAT&CategoryType=Zip
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As only extra fee of ₹ 1,500/- was charged and that too was for examination fee. In such circumstances, it cannot be said that any capitation fee has been charged from the students.
DCIT, EXEMPTION CIRCLE, GHAZIABAD VERSUS MAJOR SHIV DAYAL SINGH CHIKITSA TRUST
(2021) TaxCorp(LJ) 26972 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=91059&Category=ITAT&CategoryType=Zip
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Claim of the deduction of dividend distribution tax made by the assessee is rejected.
METROPOLIS HEALTHCARE LTD. VERSUS DCIT, CIRCLE-16 (2) NEW DELHI
(2021) TaxCorp(LJ) 26963 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=90972&Category=ITAT&CategoryType=Zip
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The late fee levied by the AO u/s 200A read with section 234E as the defaults are prior to 01.06.2015, is not sustainable in the eyes of law, hence fee levied u/s 234E is ordered to be deleted.
SUB DIVISIONAL OFFICE VERSUS ITO, TDS KARNAL
(2021) TaxCorp(LJ) 26962 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=90976&Category=ITAT&CategoryType=Zip
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Any disallowance in the impugned assessment year would be prejudicial to the assessee, as, it would amount to double disallowance of the same amount. Thus we allow assessee's claim of loss.
VVF (INDIA) LTD. VERSUS ACIT- CIRCLE (3) (2), MUMBAI
(2021) TaxCorp(LJ) 26961 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=90977&Category=ITAT&CategoryType=Zip
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No infirmity in the order of the ld. CIT (Appeals) in giving direction to the Assessing Officer for issuing notices under Section 151 of the Act.
MANOJ KUMAR JAIN, C/O. M/S. KAPIL GOEL ASSOCIATES VERSUS DCIT, CENTRAL CIRCLE, GHAZIABAD.
(2021) TaxCorp(LJ) 26960 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=90980&Category=ITAT&CategoryType=Zip
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There is no scope for any guess work or surmises or any hypothetical situation for imposing penalty u/s.271(1)(c).
THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, AURANGABAD VERSUS M/S. BG LI IN ELECTRICALS LTD., M/S. BMR HVAC LTD.
(2021) TaxCorp(LJ) 26959 (ITAT-PUNE) · https://taxcorp.in/FileOpenDT.aspx?ID=90983&Category=ITAT&CategoryType=Zip
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The provisions of section 194LA of the Act would apply only in the case of a compulsory acquisition and not to a case where lands were surrendered by land owners under section 14B of KTCP Act.
CHIEF ACCOUNTS OFFICER, BRUHAT BENGALURU MAHANAGARA PALIKE (BBMP) VERSUS INCOME-TAX OFFICER (TDS) , WARD - 1 (1), BENGALURU
(2021) TaxCorp(LJ) 26958 (ITAT-BANGALORE) · https://taxcorp.in/FileOpenDT.aspx?ID=90986&Category=ITAT&CategoryType=Zip
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Since petitioner has fulfilled the condition of deposit of 20% of amount for staying the effect and operation of order of demand. Therefore, the attached property should be released from attachment.
VIKALP PROJECTS PVT. LTD. VERSUS THE TAX RECOVERY OFFICER-5, MUMBAI & ORS.
(2021) TaxCorp(LJ) 26957 (HC-BOMBAY) · https://taxcorp.in/FileOpenDT.aspx?ID=85246&Category=Judgment&CategoryType=Zip
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There is a sufficient and reasonable cause for not deducting TDS on the year-end provision.
BIOCON LTD. VERSUS THE INCOME-TAX OFFICER (TDS) , LTU, BENGALURU.
(2021) TaxCorp(LJ) 26956 (ITAT-BANGALORE) · https://taxcorp.in/FileOpenDT.aspx?ID=90939&Category=ITAT&CategoryType=Zip
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Provisions of Sec. 271AAA of the Act are applicable for the cases where the search has been initiated or after 01.06.2007 but before 01.07.2012.
RAMESH KUMAR JAIN VERSUS ACIT CEN CIR, 1 (2), MUMBAI
(2021) TaxCorp(LJ) 26955 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=90944&Category=ITAT&CategoryType=Zip
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Consideration received by the assessee for sale of software cannot be treated as royalty under the provision of section 9(1)(vi) of the Act as well as Article 12 of the India-Sweden DTAA
M/S. QLIKTECH INTERNATIONAL AB, C/O. QLIKTECH INDIA PVT. LTD. VERSUS THE DEPUTY COMMISSIONER OF INCOME TAX, INTERNATIONAL TAXATION, CIRCLE – 2 (2), BENGALURU.
(2021) TaxCorp(LJ) 26954 (ITAT-BANGALORE) · https://taxcorp.in/FileOpenDT.aspx?ID=90945&Category=ITAT&CategoryType=Zip
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There is no provision under the law for making the assessment on protective basis.
PRAVINKUMAR VALJIBHAI PUJARA HUF VERSUS I.T.O, WARD-2, PATAN.
(2021) TaxCorp(LJ) 26951 (ITAT-AHMEDABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=90920&Category=ITAT&CategoryType=Zip
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Since SRSIPL is not a PE of the assessee, the profits earned from re insurance business cannot be brought to tax in India in terms of Article 7 of India Switzerland DTAA.
SWISS REINSURANCE COMPANY LTD VERSUS DEPUTY COMMISSIONER OF INCOME-TAX (INTERNATIONAL TAXATION) -RANGE 4 (2) (2), MUMBAI
(2021) TaxCorp(LJ) 26950 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=90925&Category=ITAT&CategoryType=Zip
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