Judgements and Orders, Supreme Court and High courts of India

CSR expenses incurred to make donations to Trusts eligible for deduction

Bimal Jain 22 September 2021 at 15:51

In JMS Mining (P.) Ltd. v. Principal Commissioner of Income-tax, Kolkata-2 [IT APPEAL NO. 146 (KOL.) OF 2021 dated July 22, 2021], the current appeal has been filed against the orderdated March 30, 2021 ("the Impugned order") passed by Ld. Principal

Posted in Income Tax | 149 Views

Salary of a person staying in India for more than 182 days being Resident is subject to Income tax

Bimal Jain 22 September 2021 at 15:50

In Tapas Kumar Basak v. Assistant Director of Income Tax, International Taxation-II &Ors. [W.P.O. No. 931 of 2007, dated September 16, 2021], Tapas Kumar Basak("the Petitioner")has challenged the impugned order dated January 25, 2007 passed by the Di

Posted in Income Tax | 210 Views

Mismatch in amount paid to related persons u/s. 40A(2)(b) reported in Audit Report and ITR

Poojitha Raam Vinay 22 September 2021 at 09:39

This appeal by the assessee is directed against the order of the Principal Commissioner of Income Tax-5, Bengaluru [PCIT] passed u/s. 263 of the Income-tax Act, 1961 [the Act] dated 2.3.2020 for the assessment year 2015-16.

Posted in Income Tax | 153 Views

Deleting the addition made on account of deduction claimed under section 80IA(4) of the Income Tax Act, 1961

Poojitha Raam Vinay 22 September 2021 at 09:39

Revenue is in appeal before the Tribunal against order of the ld.CIT(A)-1, Ahmedabad dated 11.10.2018 passed for the Asstt.Year 2010-11.

Posted in Income Tax | 129 Views

Assessee fails to furnish supporting bills and vouchers to prove the genuineness of claim of various expenses

Poojitha Raam Vinay 22 September 2021 at 09:39

This assessee’s appeal for A.Y. 2015-16, arises from order of the CIT(A)-2, Ahmedabad dated 22-10-2018

Posted in Income Tax | 139 Views

Mechanism for quantification of penalty under the Income Tax Act

Poojitha Raam Vinay 22 September 2021 at 09:39

Present appeal is directed at the instance of the assessee against order of ld.CIT(A)-6, Ahmedabad dated 12.11.2018 passed for the Asstt.Year 2013-14.

Posted in Income Tax | 116 Views

AO finds assessee involved in unaccounted sales without payment of excise duty

Poojitha Raam Vinay 22 September 2021 at 09:39

This appeal by the Revenue is directed against the order passed by the ld. CIT(A)-1, Aurangabad on 10-01-2018 in relation to the assessment year 2011-12.

Posted in Income Tax | 140 Views

Meaning of 'transfer' under section 2 (47) of the Income Tax Act

Poojitha Raam Vinay 22 September 2021 at 09:39

These Revenue’s and assessee’s cross-appeals for AY.2008-09 arise against the CIT(A)-II, Hyderabad’s order(s) dated 11-11-2014, in case No.0270 / CIT(A)-II, Hyd /2014-15, involving proceedings u/s.143(3) of the Income Tax Act.

Posted in Income Tax | 140 Views