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Failure to Discharge Onus under Section 68: Assessee's Unsecured Loans in Question; A.O's Non-compliance with Enquiry Mandate; Pr. CIT Decision u/s 263 Deemed Valid
M/S. BHILAI JAYPEE CEMENT LIMITED VERSUS THE PR. COMMISSIONER OF INCOME TAX-2, RAIPUR (C.G.)
(2023) TaxCorp(LJ) 31934 (ITAT-RAIPUR) · https://taxcorp.in/FileOpenDT.aspx?ID=106045&Category=ITAT&CategoryType=Zip
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Reassessment Triggered by Tax Evasion Petition: Lack of Material to Form Belief of Escaped Income; Inadequate Reasons for Reopening Assessment; AY 2011-12.
RAJ BIRBAL VERSUS ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -61 (1) & ORS.
(2023) TaxCorp(LJ) 31933 (HC-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=90000&Category=Judgment&CategoryType=Zip
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Penalty u/s 271(1)(c) Deleted: Assessee's Voluntary Disclosure and Revised Return for Disallowance u/s 94(7) - Bonafide Mistake - Non-Challenge of Assessment Order.
P.R. COMMISSIONER OF INCOME TAX-12, NEW DELHI VERSUS HARISH KUMAR HUF
(2023) TaxCorp(LJ) 31932 (HC-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=90002&Category=Judgment&CategoryType=Zip
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Invalid Reopening of Assessment u/s 147: Failure to Provide Complete Details of Properties Purchased as Required by Notice u/s 142(1) and u/s 148A(b) - Assessee's Reply Included Details of Consideration and Source of Funds.
URBAN HOMES REALTY VERSUS UNION OF INDIA AND ANR.
(2023) TaxCorp(LJ) 31931 (HC-BOMBAY) · https://taxcorp.in/FileOpenDT.aspx?ID=90004&Category=Judgment&CategoryType=Zip
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ITAT - Mumbai ITAT Quashes Assessment of Non-Existent Entity Following Amalgamation.
Abbott India Ltd. (as successor to ‘Solvey Pharma India Ltd’) Vs ACIT
(2023) TaxCorp(LJ) 31929 (ITAT-MUMBAI)
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ITAT - Panaji ITAT Upholds Disallowance of Interest on Loan under Section 48 for Family Settlement Payment.
Sanjay Atchut Poy Raiturcar Vs ITO
(2023) TaxCorp(LJ) 31928 (ITAT-PANAJI) · Section 48
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SC - SC Reverses Punjab & Haryana HC Ruling, Allowing 100% 80-IC Deduction in Initial Assessment Year.
Tejpal Chaudhary Vs COMMISSIONER OF INCOME TAX & ANR.
(2023) TaxCorp(LJ) 31921 (SC) · Section 80-IC
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ITAT - Mumbai ITAT Rules on Scope of Appeal under Sec.248 in Tax-Rate Dispute; Clarified that 'rates in force' refer to the tax rates specified in the relevant Finance Act or the applicable DTAA, whichever is more beneficial to the Assessee.
Reliance Commercial Dealers Limited Vs Commissioner of Income Tax
(2023) TaxCorp(LJ) 31920 (ITAT-MUMBAI) · Section 248
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ITAT - Mumbai ITAT Confirms Revision of Assessment Order Due to Lack of Enquiry on scope of Offshore Services provided by the Assessee's Head Office; AO relied solely on the findings of the TPO.
Kepco Plant Service & Engineering Co. Limited Vs Commissioner of Income Tax
(2023) TaxCorp(LJ) 31919 (ITAT-MUMBAI)
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ITAT - Mumbai ITAT Rules in Favor of Assessee, Deleting Addition (made citing a significant mismatch between the income declared in the taxpayer's return of income and the corresponding receipts mentioned in Form 26AS) Due to Business Model Justification.
Connect Residuary Pvt.Ltd Vs DCIT
(2023) TaxCorp(LJ) 31913 (ITAT-MUMBAI)
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HC - Appeal under Section 260A could be admitted only when HC is satisfied that the case involves substantial question of law.
Prabodhchandra Jayantilal Patel Vs THE PRINCIPAL COMMISSIONER OF INCOME TAX
(2023) TaxCorp(LJ) 31912 (HC-GUJARAT)
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HC - Bombay HC Quashes Reassessment Notice Against Deceased Assessee; Existence of an active PAN for the deceased Assessee does not create an exception in favor of the Revenue.
Dhirendra Bhupendra Sanghvi Vs Assistant Commissioner of Income Tax
(2023) TaxCorp(LJ) 31911 (HC-BOMBAY)
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HC - Gujarat HC Directs Release of Seized Gold Where No Demand Pending Against Assessee; Order of the CIT(A) deleting the addition in the Assessee's hand has attained finality.
Praveenbhai Girdharilal Agarwal Vs PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL)
(2023) TaxCorp(LJ) 31910 (HC-GUJARAT)
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ITAT - Mumbai ITAT Upholds Sec. 143(1) Adjustment of Individual's Club Membership Fees (one-time entry fees) as Capital Expenditure.
Balraj singh Jagjit singh Kharbanda Vs ADIT
(2023) TaxCorp(LJ) 31909 (ITAT-MUMBAI) · Section 143(1)
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TITAT - Hyderabad ITAT Allows Appeals by IBM India Employees, Foreign Assignment Allowance Not Taxable in India
Tadimarri Prasanth Reddy Vs Income Tax Officer
(2023) TaxCorp(LJ) 31908 (ITAT-HYDERABAD)
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HC - Calcutta High Court Directs Addition of Official Liquidator as Necessary Party in Criminal Case Post Winding-Up Order
Chhatar Singh Dugar & Ors Vs Income Tax Officer under the office of the Principal Commissioner of Income Tax-1
(2023) TaxCorp(LJ) 31907 (HC-CALCUTTA)
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ITAT - Mumbai ITAT Directs Revenue to Enquire Marketing Agency for Determining True Nature of Expenditure with a direction to summon the marketing agency to ascertain the facts and to determine nature of expenditure incurred by the Assessee.
Ari Healthcare Pvt. Ltd Vs DCIT
(2023) TaxCorp(LJ) 31906 (ITAT-MUMBAI)
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HC - Delhi HC Holds IT Act Prevails over MSMED Act for Special Audit Fee Dispute with IT Dept.; Sets Aside MSEFC's Directions for Arbitration.
MICRO AND SMALL ENTERPRISE FACILITATION COUNCIL Vs PR. COMMISSIONER OF INCOME TAX
(2023) TaxCorp(LJ) 31900 (HC-DELHI)
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ITAT - Chennai ITAT Dismisses 'Conflict of Interest' Objection, Labels it Frivolous and Mischievous.
Daechang Seat Co. Ltd Vs The DCIT
(2023) TaxCorp(LJ) 31899 (ITAT-CHENNAI)
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HC - If the tax is not exigible, there is no question of tax at source being deducted - Revenue’s argument not acceptable that since its SLP against the principal entity is admitted by the SC, the issue has to be kept alive.
Hapag Lloyd India Pvt. Ltd Vs Deputy Commissioner of Income Tax
(2023) TaxCorp(LJ) 31892 (HC-BOMBAY)
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