Income Tax Judgements

Claim of deduction made u/s.80 IB (10) of the Income Tax Act, 1961

Poojitha Raam Vinay 15 September 2021 at 14:53

This appeal by the Assessee is directed against the order of learned CIT(A)-33 dated 16.08.2019 and pertains to Assessment Year 2010-11.

Posted in Income Tax | 115 Views

Is late payment of employee's contribution to EPF an allowable deduction u/s 36 (l)(va) r.w.s. 2(24)(x)?

Poojitha Raam Vinay 15 September 2021 at 14:52

These are Revenue�s appeals directed against respective orders of learned CIT(A) pertaining to assessment years 2013-14 and 2016-17.

Posted in Income Tax | 147 Views

Disallowance of Interest of Rs. 17,73,769/- on account of Non Deduction of TDS

Poojitha Raam Vinay 15 September 2021 at 14:52

The present appeal has been filed by the assessee against the order of the ld. CIT(A)-2, Jaipur dated 21/08/2019 for the A.Y. 2012-13.

Posted in Income Tax | 122 Views

The aspect of interpretation of the word "and" as "or", the existence of the word "also" is of a great significance, states ITAT

Poojitha Raam Vinay 15 September 2021 at 14:52

The present appeal has been filed by the assessee against the order of the ld. CIT(A)-2, Jaipur dated 13/12/2019 for the A.Y. 2011-12.

Posted in Income Tax | 111 Views

How can deferred sales tax liability be claimed under the head of Goodwill and sought to be depreciated?

Poojitha Raam Vinay 15 September 2021 at 14:52

These appeals filed by the assessee for AYs 2009-10, 2010-11 and 2012-13 are directed against CIT(A) – 2, Hyderabad’s separate orders involving proceedings u/s 143(3) of the Income Tax Act, 1961.

Posted in Income Tax | 102 Views

Alleged failure in non-reporting of the trade receivables as an international transaction u/s. 92D of the IT Act

Poojitha Raam Vinay 15 September 2021 at 14:52

This assessee’s appeal for Asst. Year 2012-13 arises from the Commissioner of Income Tax (Appeals)-1, Hyderabad’s order dt.11.03.2019 passed in case No.0080/2017-18/DCIT.

Posted in Income Tax | 155 Views

Taxability of unaccounted sale of scrap under the Income Tax Act

Poojitha Raam Vinay 13 September 2021 at 14:14

The present appeals have been fi led by the revenue against the orders of ld. CIT(A)-III, Delhi dated 15.09.2011 and 05.10.2011.

Posted in Income Tax | 171 Views

Provision of DTAA is applicable on the interest amount under the IT Act, clarifies ITAT

Poojitha Raam Vinay 13 September 2021 at 14:14

The present appeal has been filed by the assessee against the order passed by the ld. CIT(A)-44, New Delhi dated 06.01.2016.

Posted in Income Tax | 119 Views

Taxability of interest expenses not relatable to business activity conducted by the assessee company

Poojitha Raam Vinay 13 September 2021 at 14:14

These two cross appeals by Revenue and Assessee are filed against the order of Learned Commissioner of Income Tax (Appeals)-25, Delhi.

Posted in Income Tax | 132 Views

Disallowance of Commission paid to Directors by AO

Poojitha Raam Vinay 13 September 2021 at 14:13

This appeal by Revenue is filed against the impugned order of Learned Commissioner of Income Tax (Appeals)-16, New Delhi, [�Ld. CIT(A)�, for short], dated 30.01.2018 for Assessment Year 2014-15.

Posted in Income Tax | 149 Views