Judgements by Poojitha Raam

Criteria for selection whether an asset is a long term capital asset or a short term capital asset

Poojitha Raam 07 September 2021 at 09:59

This appeal in ITA No.7111/Mum/2019 for A.Y.2013-14 arises out of the order by the ld. Commissioner of Income Tax (Appeals)-3, Mumbai in appeal No.CIT(A)-3/IT-10174/2016-17 dated 19/09/2019 (ld. CIT(A) in short) against the order of assessment passed

Posted in Income Tax | 97 Views

Disallowance of interest on delayed payment of taxes

Poojitha Raam 07 September 2021 at 09:59

This appeal by the assessee is directed against the ex-parte order of Commissioner of Income Tax (Appeals)-21, Mumbai [hereinafter referred to as the ‘CIT(A)’] dated 28.06.2019 for the Assessment Year (AY) 2014-15.

Posted in Income Tax | 253 Views

Stamp duty value on the date of registration of the property as against valuation on the date of booking of the flats

Poojitha Raam 07 September 2021 at 09:58

This appeal in ITA No.545/Mum/2021 for A.Y.2015-16 preferred by the order against the revision order of the ld. Principal Commissioner of Income Tax-20, Mumbai u/s.263 of the Act dated 11/03/2021 for the A.Y.2015-16.

Posted in Income Tax | 77 Views

Computation of long term capital gains u/s 50C of the IT Act

Poojitha Raam 05 September 2021 at 10:08

Both these appeals filed by the assessee are directed against CIT(A) - 1 , Hyderabad’s separate orders dated 19/05/2017 for AY 2012-13 involving proceedings u/s 143(3) and 271(1)(c) of the Income- Tax Act.

Posted in Income Tax | 129 Views

Can financial charges be allowed as business expenditure even though there was no business expediency?

Poojitha Raam 05 September 2021 at 10:07

All these appeals filed by the Revenue are directed against separate orders of CIT(A) for the AYs mentioned at Cause title involving proceedings u/s 143(3) of the Income- Tax Act, 1961.

Posted in Income Tax | 111 Views

Provisions of section 50C on sale of an asset

Poojitha Raam 05 September 2021 at 10:07

This is assessee�s appeal for the A.Y 2009-10 against the order of the CIT (A)-1, Hyderabad, dated 24.11.2017.

Posted in Income Tax | 99 Views

Computation of book profit & MAT credit u/s 115JB of the Income Tax Act

Poojitha Raam 05 September 2021 at 10:07

This appeal of Revenue is directed against the order of the CIT(A)-4, Hyderabad dated 28.09.2018 pertaining to A.Y. 2014-15.

Posted in Income Tax | 115 Views

When are sums of money credited as Share Capital/Premium?

Poojitha Raam 05 September 2021 at 10:07

This appeal filed by the assessee is directed against CIT(A) – 1, Hyderabad’s order dated 25/03/2019 for AY 2012-13 involving proceedings u/s 143(3) rws 147 of the Income Tax Act, 1961.

Posted in Income Tax | 101 Views

Is penalty on interest income justifiable when such income has not been offered to tax?

Poojitha Raam 05 September 2021 at 10:07

This is assessee�s appeal for the A.Y 2015-16 against the order of the CIT (A)-3, Hyderabad, dated 7.2.2019 confirming the penalty order passed by the Assessing Officer u/s 271(1)(c) of the Act.

Posted in Income Tax | 78 Views