Income Tax Judgements

Whether the income of the assessee club would be taxable at maximum marginal rate u/s.167B of the Act or at slab rates applicable to AOP?

Guest 20 July 2021 at 14:03

This appeal in ITA No.5431/Mum/2019 for A.Y.2014-15 arises out of the order by the ld. Commissioner of Income Tax (Appeals)-53, Mumbai in appeal No.CIT(A)-53/IT-376/ACIT-18(2)/2018-19 dated 18/06/2019 (ld. CIT(A) in short) against the order of assess

Posted in Income Tax | 233 Views

Assessee filed for grounds of short credit for tax deducted at source.

Guest 20 July 2021 at 14:03

This appeal by the Assessee is directed against the order of learned CIT(A)-53 dated 12.04.2019 and pertains to Assessment Year 2011-12.

Posted in Income Tax | 135 Views

Long Term Capital Gain on the transfer of a residential house under the Income Tax Act

Guest 20 July 2021 at 14:02

This appeal by the Assessee is directed against the order of learned CIT(A)-45 dated 23.05.2019 and pertains to Assessment Year 2013-14.

Posted in Income Tax | 106 Views

Penalty and quantum assessment proceedings are distinct and separate, says ITAT

Guest 20 July 2021 at 14:02

The appeal of the assessee arises out of the order passed by the Ld. Commissioner of Income Tax (Appeals)-38, Mumbai [hereinafter referred to as ‘Ld. CIT(A)’] dated 28.01.2019 for assessment year 2014-15against the order of assessment framed by the L

Posted in Income Tax | 148 Views

What constitutes as 'current repairs' to claim deduction u/s.30(a)(ii) of the Income Tax Act?

Guest 20 July 2021 at 14:02

This appeal in ITA No.6370/Mum/2019 for A.Y.2009-10 arises outof the order by the ld. Commissioner of Income Tax (Appeals)-38,Mumbai in appeal No.CIT(A)-38/ITO-26(1)(2)/IT-10062/2018-19 dated14th May 2019 (ld. CIT(A) in short) in the matter of imposi

Posted in Income Tax | 100 Views

What constitutes as 'current repairs' to claim deduction u/s.30(a)(ii) of the Income Tax Act?

Guest 19 July 2021 at 11:49

This appeal by the Assessee is directed against the order of learned CIT(A)-33 dated 22.07.2019 and pertains to Assessment Year 2013-14.

Posted in Income Tax | 113 Views

Addition u/s 69C of the Income Tax Act on account of unexplained expenditure deleted by AO

Guest 19 July 2021 at 11:49

This appeal by the Revenue is directed against the order of learned CIT(A)-29 dated 30.08.2019 and pertains to Assessment Year 2010-11.

Posted in Income Tax | 758 Views

Are expenses on real estate research, due diligence and marketing research treated as revenue in nature under the IT Act?

Guest 19 July 2021 at 11:49

Aforesaid appeal by revenue for Assessment Year (AY) 2014-15contest the order of Ld. Commissioner of Income-Tax (Appeals)-33, Mumbai, [in short referred to as ‘CIT(A)’], Appeal No. 507/17-18 dated 27/08/2019 on following grounds: -

Posted in Income Tax | 146 Views