Income Tax Judgements

Cost of improvement of agricultural land under the Income Tax Act, 1961

Guest 22 July 2021 at 10:55

This assessee’s appeal for A.Y. 2011-12, arises from order of the CIT(A)-11, Ahmedabad dated 04-03-2016, in proceedings under section 143(3) r.w.s. 153A of the Income Tax Act, 1961; in short “the Act”.

Posted in Income Tax | 224 Views

Disallowance out of employees’ benefit expenses under the Income Tax Act, 1961

Guest 22 July 2021 at 10:55

This assessee’s appeal for A.Y. 2015-16, arises from order of the CIT(A), Gandhinagar, Ahmedabad dated 08-10-2018, in proceedings under section 143(3) of the Income Tax Act, 1961; in short “the Act”.

Posted in Income Tax | 175 Views

Interest on late payment of service tax is compensatory in nature and shall be treated as a permissible deduction

Bimal Jain 21 July 2021 at 08:53

The Hon’ble ITAT, New Delhi in DCIT v. Planman HR Pvt. Ltd. (ITA No.5152/Del/2017, dated July 15, 2021) disposed of the appeal filed by the Revenue Department ('the Respondent') and upheld the order passed by the Commissioner of Income Tax (Appeals)

Posted in Income Tax | 127 Views

Valuation per share as per Rule 11UA of the Income Tax Rules, 1962

Guest 20 July 2021 at 14:03

This appeal by the Assessee is directed against the order of learned CIT(A)-06 dated 26.09.2018 and pertains to Assessment Year 2015-16.

Posted in Income Tax | 577 Views

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 | 270 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 | 149 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 | 119 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 | 171 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 | 114 Views