Income Tax Judgements

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 | 1101 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 | 158 Views

Addition on account of Bogus Purchases made by AO

Guest 19 July 2021 at 11:49

This appeal by the Assessee is directed against the order of learned CIT(A)-28 dated 28.10.2019 and pertains to Assessment Year 2008-09.

Posted in Income Tax | 188 Views

Invocation of Section 263 of the Income Tax Act

Guest 19 July 2021 at 11:49

The above-captioned appeals are directed against the common order dated 18.12.2019, passed by the Income Tax Appellate Tribunal [in short

Posted in Income Tax | 154 Views

Claiming of Deduction under 35DD and Disallowance under Section 14A of the IT Act

Guest 19 July 2021 at 11:49

The above-captioned appeals are directed against a common order dated 28.01.2020, passed by the Income Tax Appellate Tribunal [in short “Tribunal”] Pertinently, ITA 213/2020 and ITA 215/2020 concern assessment year [AY] 2007-2008 while ITA 214/2020 c

Posted in Income Tax | 97 Views

Transfer Pricing Provisions under the Income Tax Act

Guest 16 July 2021 at 10:47

The present cross appeals have been filed by assessee as well as revenue against order dated 21/12/2015 passed by the Ld.ACIT Circle 1(1)(1) Bangalore under section 143 (3) read with section 144C(5) read with section 144C(13) of the Act, for assessme

Posted in Income Tax | 116 Views

Addition of rental income due to the difference found out in Form No. 26AS

Guest 16 July 2021 at 10:45

The appeal filed by the assessee is directed against the order dated 31.8.2016 passed by Ld. CIT(A)-7, Bengaluru and it relates to the assessment year 2011-12.

Posted in Income Tax | 149 Views

Receipts from the sale of software with support services is not Royalty Income, clarifies ITAT

Guest 16 July 2021 at 10:45

Present appeals have been filed by assessee against the final assessment order is dated 27/10/2017 and 10/07/2018 passed by Ld.DCIT (International Taxation) Circle-1 (1), Bangalore. It has been submitted that the only issue raised by assessee in both

Posted in Income Tax | 124 Views

Is payment for the purchase of software treated as Royalty under the Income Tax Act?

Guest 16 July 2021 at 10:44

Present appeal has been filed by assessee against order dated 30/03/2019 passed by Ld.CIT(A)-12.

Posted in Income Tax | 94 Views

Are donations towards corpus funds treated as normal donations by 12A registered NGOs?

Guest 15 July 2021 at 15:47

Present penalty appeal has been filed by assessee against order dated 29/06/2018 passed by the Ld.CIT(A)-3, Bangalore for assessment year 2013-14 on following revised grounds of appeal filed by assessee on 24/03/2021:

Posted in Income Tax | 112 Views