Income Tax Judgements

Expenditure disallowable by invoking section 14A read with rule 8D of the IT Act

Poojitha Raam Vinay 17 September 2021 at 15:39

This appeal filed by the assessee pertaining to assessment year 2014-15 is directed against the order of Ld. CIT(A)-35, New Delhi dated 25.08.2017.

Posted in Income Tax | 164 Views

Criteria for approval in Form No. 3CL by DSIR

Poojitha Raam Vinay 17 September 2021 at 15:39

This appeal preferred by the Revenue emanates from the order of the Ld. CIT(Appeal), Pune-13 dated 25.03.2021 for the assessment year 2014-15.

Posted in Income Tax | 317 Views

Are donations inadmissible against the exempt income from a partnership firm?

Poojitha Raam Vinay 17 September 2021 at 15:39

The assessee has filed the present appeal against the order dated 08.05.2019 passed by the Commissioner of Income Tax (Appeals)-24, Mumbai (hereinafter referred to as the “CIT(A)”) relevant to the A.Y.2016-17. 2.

Posted in Income Tax | 193 Views

Should interest received by an FD be netted off with interest paid if a company is eligible for deduction u/s 80IC?

Poojitha Raam Vinay 17 September 2021 at 15:39

This is an appeal preferred by the assessee against the order of the Ld. CIT(A)-16, Kolkata dated 25.04.2019 for AY 2013-14 .

Posted in Income Tax | 129 Views

Appellant submits that the order u/s 154 of the Act is bad in law and not in accordance with the provisions of the IT Act

Poojitha Raam Vinay 17 September 2021 at 15:39

These are appeals by the assessee against the order of learned Commissioner of Income Tax (Appeals), Mumbai (‘ld.CIT(A) for short) for the concerned assessment years.

Posted in Income Tax | 134 Views

Treatment of share application money/share capital and share premium under the Income Tax Act

Poojitha Raam Vinay 17 September 2021 at 15:39

Aforesaid appeal by revenue for Assessment Year (AY) 2012-13 arises out of the order of learned Commissioner of Income-Tax (Appeals)-12, Mumbai [CIT(A)], dated 02/09/2019 in the matter of assessment framed by Ld. Assessing Officer u/s 143(3) on 28/03

Posted in Income Tax | 138 Views

Charging of interest under section 234A,234B,234C and 234D of the Income Tax Act, 1961

Poojitha Raam Vinay 17 September 2021 at 15:39

The present appeal filed by the assessee is directed against the order passed by the CIT(A)-4, Mumbai, dated 17.09.2019, which in turn arises from the order passed by the A.O u/s 143(3) of the income Tax Act, 1961 (for short „Act‟, dated 27.12.2016 f

Posted in Income Tax | 140 Views

Short Term Capital Gain on Sale of Factory Premises

Poojitha Raam Vinay 17 September 2021 at 15:39

The assessee has filed the present appeal against the order dated 04.10.2019 passed by the Commissioner of Income Tax (Appeals)-40, Mumbai (hereinafter referred to as the “CIT(A)”) relevant to the A.Y.2011-12.

Posted in Income Tax | 102 Views

Is income from letting out of office premises taxable under PGBP or income from house property?

Poojitha Raam Vinay 17 September 2021 at 15:39

The assessee has filed the present appeal against the order dated 25.11.2019 passed by the Commissioner of Income Tax (Appeals)-04, Mumbai [hereinafter referred to as the “CIT(A)”] relevant to the A.Y. 2016-17.

Posted in Income Tax | 122 Views

Alleged bogus purchases made by the assessee from dealers without supply of actual goods

Poojitha Raam Vinay 17 September 2021 at 15:39

The revenue has filed the present appeal against the order dated 26.11.2019 passed by the Commissioner of Income Tax (Appeals) -02 Mumbai [hereinafter referred to as the “CIT(A)”] relevant to the A.Y.2010-11.

Posted in Income Tax | 74 Views