Income Tax Judgements

SC to Government: Keep the taxation structure straight forward & user-friendly

Bimal Jain 11 September 2021 at 22:57

In South Indian Bank Ltd. v. Commissioner of Income Tax [Civil Appeal No. 9606 of 2011 (with several other analogous appeals) dated September 09, 2021], South Indian Bank ("the Appellant") along with several other banks ("the Appellants") filed a civ

Posted in Income Tax | 131 Views

ITAT deletes addition of Rupees. 30 Lacs received by Actor Kushal Tandon as a gift from his Father

Bimal Jain 11 September 2021 at 21:32

In Shri Kushal Virendra Tandon v. ACIT [ITA No.7572/MUM/2019 dated September 03, 2019], Kushal Tandon ("the Appellant") filed an appeal against the order passed by the Commissioner of Income Tax, Mumbai ("the Respondent"), dated September 17, 2019, w

Posted in Income Tax | 131 Views

Whether the assessee has concealed particulars of income or has furnished inaccurate particulars of income during assessment proceedings?

Poojitha Raam Vinay 11 September 2021 at 21:31

Appellant, M/s. Ishita Technologies Pvt. Ltd. (hereinafter referred to as ‘the assessee’) by filing the present appeal sought to set aside the impugned order dated 03.02.2017 passed by the Commissioner of Income-tax (Appeals)-18, New Delhi qua the a

Posted in Income Tax | 119 Views

Claim of CSR under the Income Tax Act, 1961

Poojitha Raam Vinay 11 September 2021 at 21:31

This appeal has been preferred by the assessee against the order of the ld. CIT(A) No. 252/16-17 dated 28.03.2017, arising out of the assessment order dated 31.03.2015.

Posted in Income Tax | 130 Views

Alleged liability of Genpact India under Sections 115-QA and 115-QB of the Income Tax Act, 1961

Poojitha Raam Vinay 11 September 2021 at 21:31

The above cross appeals by the assessee and revenue are preferred against the order of the Commissioner of Income Tax [Appeals] - 35, New Delhi dated 25.10.2017 pertaining to Assessment Year 2014-15.

Posted in Income Tax | 138 Views

Criteria for treating a lease as ‘operational lease’ or ‘financial lease’

Poojitha Raam Vinay 11 September 2021 at 21:30

This appeal by the revenue is preferred against the order of the Commissioner of Income Tax [Appeals] - 22, New Delhi dated 20.12.2017 pertaining to Assessment Year 2013-14.

Posted in Income Tax | 98 Views

Issue relating to deletion of penalty levied u/s 271(1)(c) of the Income tax Act, 1961

Poojitha Raam Vinay 11 September 2021 at 21:30

The above two separate appeals by the Revenue are preferred against the order of the Commissioner of Income Tax [Appeals] - 35, New Delhi dated 15.12.2017 pertaining to Assessment Years 2006-07 and 2007-08 respectively.

Posted in Income Tax | 106 Views