Judgements and Orders, Supreme Court and High courts of India

Rules of limitation are not meant to destroy the right of parties but to see that parties do not resort to dilatory tactics, states ITAT

Poojitha Raam Vinay 13 September 2021 at 14:13

This appeal filed by the assessee is directed against the order of the Commissioner of Income Tax (Appeals)-Meerut dated 21.05.2018 for Assessment Years 2009-10.

Posted in Income Tax | 146 Views

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

Poojitha Raam Vinay 13 September 2021 at 14:13

The present appeals have been fi led by the assessee against the orders of ld. CIT(A)-2, New Delhi dated 24.04.2019.

Posted in Income Tax | 120 Views

Treatment of sale proceeds u/s 69A of the IT Act

Poojitha Raam Vinay 13 September 2021 at 14:13

This appeal filed by the Assessee is directed against the ex-parte Order Dated 27.11.2019 of the Ld. CIT(A)-12, New Delhi, relating to the A.Y. 2011-2012.

Posted in Income Tax | 113 Views

Notional annual lettable value u/s 22 of the Income Tax Act, 1961

Poojitha Raam Vinay 13 September 2021 at 14:13

These Cross appeals filed by the Revenue and the Assessee assai l the correctness of the order dated 30.12.2019

Posted in Income Tax | 200 Views

Disallowance of deduction claimed by a cooperative society u/s 80P(2)(a)(i) of the IT Act

Poojitha Raam Vinay 13 September 2021 at 14:13

The assessee has filed this appeal challenging the order dated 06.01.2020 passed by Ld CIT(A), Mangaluru and it relates to the assessment year 2016-17.

Posted in Income Tax | 136 Views

Is amount disallowed u/s 41(1) if the assessee has not reconciled and adjusted the receivables?

Poojitha Raam Vinay 13 September 2021 at 14:13

The above appeal was disposed of by the ITAT vide its order dated 31.01.2018. The Revenue filed Miscellaneous Petition in MA No.263/Bang/2018 for the limited purpose of non-adjudication of ground Nos. 4 and 5 by the ITAT in its order dated 31.01.2018

Posted in Income Tax | 96 Views

No service tax on Income Tax TDS portion paid by recipient

Bimal Jain 13 September 2021 at 12:19

In M/s. T.V.S. Motor Company Limited v. The Commissioner of Central Excise & Service Tax [Service Tax Appeal No. 219 of 2009 merged with Service Tax Appeal No. 41077 of 2013 dated August 31, 2021], M/S. TVS Motor Company ("the Petitioner") had appeal

Posted in Income Tax | 169 Views

Madras HC issues Non-Bailable Warrants on failure to pay Entry Tax

Bimal Jain 13 September 2021 at 12:19

The Madras High Court vide an order returnable on September 06, 2021 issued a Non-Bailable warrant against Grandhe Construction Private Limited ("the Petitioner No. 1") and Sri Murugan Earth Movers ("the Petitioner No. 2") in lieu of their Writ Petit

Posted in Income Tax | 98 Views

ITAT quashes Rs 57 lakh fine on Preity Zinta

Bimal Jain 11 September 2021 at 22:57

In MS. PREITY ZINTA v. DEPUTY COMMISSIONER OF INCOME TAX, MUMBAI [C.O. No. 98/Mum/2021 dated September 03, 2021], Ms. Preity Zinta ("Appellant") filed cross objection against the order of learned Commissioner of Income Tax (Appeals) dated August 19,

Posted in Income Tax | 98 Views

SC to Government: Keep the taxation structure straight forward & user-friendly

Bimal Jain 11 September 2021 at 22:57

In South Indian Bank Ltd. v. Commissioner of Income Tax [Civil Appeal No. 9606 of 2011 (with several other analogous appeals) dated September 09, 2021], South Indian Bank ("the Appellant") along with several other banks ("the Appellants") filed a civ

Posted in Income Tax | 131 Views