Judgements and Orders, Supreme Court and High courts of India

Assessment done under Section 144-B of the Income Tax, 1961 can be examined by the High Court without insisting upon filing of an appeal

mahendra gargieya 05 September 2021 at 10:08

Leaned counsel relies on the judgment passed by the High Court of Delhi and this Court in writ petition No.6047/2021 M/s Devgiri Exports Vs. The Income Tax Officer as also the judgment passed by Supreme Court in Whirlpool Corporation Vs. Registrar of

Posted in Income Tax | 170 Views

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

Poojitha Raam Vinay 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 | 131 Views

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

Poojitha Raam Vinay 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 | 112 Views

Provisions of section 50C on sale of an asset

Poojitha Raam Vinay 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 | 103 Views

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

Poojitha Raam Vinay 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 | 119 Views

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

Poojitha Raam Vinay 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 | 107 Views

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

Poojitha Raam Vinay 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 | 89 Views

Calculation of capital gain as per sec. 45 of the Income Tax Act, 1961

Poojitha Raam Vinay 05 September 2021 at 10:07

This appeal of Revenue is directed against the order of the CIT(A)-3, Hyderabad dated 04.09.2019 pertaining to A.Y. 2016-17.

Posted in Income Tax | 301 Views

Issuing notice u/s.153C of the Income Tax Act

Poojitha Raam Vinay 05 September 2021 at 10:07

This appeal of Revenue is directed against the order of the CIT(A)-12, Hyderabad dated 13.03.2020 pertaining to A.Y. 2006-07.

Posted in Income Tax | 134 Views

Is a legal heir attending proceedings of ITAT, a curable defect u/s 292BB?

Poojitha Raam Vinay 05 September 2021 at 10:07

This assessee�s appeal for AY.2011-12 arises from the CIT(A)-6, Hyderabad�s order dated 31-08-2020 passed in case No.10426/2018-19/A3/CIT(A)-6, in proceedings u/s.144.

Posted in Income Tax | 84 Views