Income Tax Judgements

Is notional interest to be charged on share application money advanced to subsidiary/joint venture/associate companies?

Poojitha Raam Vinay 14 August 2021 at 09:26

This appeal filed by the assessee for the assessment year 2012-13 is directed against the order of Ld. CIT(A)-10, New Delhi dated 30.03.2017. The assessee has raised following grounds of appeal.

Posted in Income Tax | 101 Views

Specified Person in the audit report in Form 10B

Poojitha Raam Vinay 14 August 2021 at 09:26

Appellant, ITO (E), Ward 2 (3), New Delhi (hereinafter referred to as ‘the Revenue’) by filing the present appeal sought to set aside the impugned order dated 06.09.2017 passed by the Commissioner of Income-tax (Appeals)-40, Delhi qua the assessment

Posted in Income Tax | 131 Views

Search & seizure operation u/s 132 of the Income Tax Ac

Poojitha Raam Vinay 14 August 2021 at 09:25

This appeal filed by the Revenue is directed against the order dated 31.03.2016 of the learned CIT(A)-29, New Delhi, relating to Assessment Year 2011-12.

Posted in Income Tax | 134 Views

Adjustment u/s 92CA(3) of the Income Tax Act by the Transfer Pricing Officer

Poojitha Raam Vinay 14 August 2021 at 09:25

This appeal filed by the assessee is directed against the order dated 21st February, 2017 of the CIT(A)-38, New Delhi relating to assessment year 2003-04.

Posted in Income Tax | 92 Views

Penalty imposed by the AO u/s 271D of the Income Tax Act, 1961

Poojitha Raam Vinay 14 August 2021 at 09:25

These two appeals are against the order of confirming the penalty u/s 271D of Rs. 14 lac. for Assessment Years 2007-08 & 2008-09.

Posted in Income Tax | 122 Views

Is revenue received by a resident of Sweden from the supply of software, taxable in India as Royalty?

Poojitha Raam Vinay 14 August 2021 at 09:25

This appeal by the revenue is directed against order dated 31/01/2018 passed by the Ld.

Posted in Income Tax | 89 Views

Disallowance of expenses on account of sale of content

Poojitha Raam Vinay 14 August 2021 at 09:24

This appeal filed by the Revenue is directed against the order dated 29.01.2018 passed by the Commissioner of Income Tax (Appeals)-16, New Delhi relating to Assessment Year 2013-14.

Posted in Income Tax | 131 Views

Revenue challenges the deletion of penalties u/s. 271(1)(c) of the Income-tax Act, 1961

Poojitha Raam Vinay 14 August 2021 at 09:24

Aggrieved by the orders dated 14/03/2018 passed by the learned Commissioner of Income Tax (Appeals)-Faridabad ("Ld. CIT(A)") in the cases of Indian Armour System Pvt. Ltd.

Posted in Income Tax | 97 Views

Deemed Dividend u/s 2(22)(e) of the Income Tax Act

Poojitha Raam Vinay 14 August 2021 at 09:24

This appeal filed by the assessee is directed against the order of the Commissioner of Income Tax (Appeals)-27, New Delhi dated 21.03.2018 for Assessment Years 2013-14.

Posted in Income Tax | 112 Views

When are liquidated damages, a deductible expenditure from the income of the assessee?

Poojitha Raam Vinay 14 August 2021 at 09:24

This appeal filed by the Revenue is directed against the order dated 28.03.2018 of the Commissioner of Income Tax (Appeals)- 43, New Delhi relating to Assessment Year 2008-09.

Posted in Income Tax | 103 Views