Judgements and Orders, Supreme Court and High courts of India

Disallowance on account of non-deduction of tax u/s 40(a)(i) of the Income Tax Act, 1961

Guest 24 July 2021 at 10:56

This appeal has been preferred by the assessee against the order of Ld. CIT(Appeals)-25, appeal number 335/17-18 order dated 11.09.2017 arising out of penalty order dated 14.03.2016. The assessee has taken following grounds of appeal: -

Posted in Income Tax | 98 Views

While granting registration u/s 12AA of the IT Act, CIT(E) must only see the objects of the trust/society

Guest 24 July 2021 at 10:56

This appeal is preferred by the assessee against order dated 09.12.2020 passed by the Learned Commissioner of Income Tax (Exemption)-Lucknow {CIT(E)} wherein vide the impugned order the Ld. CIT(E) has rejected the assessee’s application for grant of

Posted in Income Tax | 75 Views

Treatment of brokerage expenditure under the Income Tax Act, 1961

Guest 24 July 2021 at 10:56

This appeal by the Revenue is directed against the order of learned CIT(A)-12 dated 23.04.2019 and pertains to Assessment Year 2013-14.

Posted in Income Tax | 124 Views

Exemption of Agricultural Income u/s 10(1) of the Income Tax Act

Guest 23 July 2021 at 15:21

The instant batch of 5 appeals pertains to a single assessee M/s Vibha Agrotech Limited. The first and foremost AY 2009-10 involves assessee’s and Revenue’s cross appeals ITA 317 & 591/Hyd/2017 arising against the CIT(A)-5 Hyderabad’s order dated 30t

Posted in Income Tax | 97 Views

ITAT: Mere disallowance of expenditure can never result into penalty under Section 271(1) (c) of the IT Act

Guest 23 July 2021 at 15:21

This appeal is filed by the revenue against the order of Ld. Commissioner of Income Tax (Appeals)–5, New Delhi, dated 16.01.2017, for assessment year 2013-14, confirming the penalty levied of Rs. 50,540/- by the Dy. Commissioner of Income Tax, Circle

Posted in Income Tax | 178 Views

When is penalty not levied u/s 27l(l)(c) of the Income Tax Act?

Guest 23 July 2021 at 15:20

This appeal is preferred by the Department against order dated 20.06.2017 passed by the Learned Commissioner of IncomeTax (Appeals)-36, New Delhi {CIT(A)} for Assessment Year 2012-13.The sole issue under challenge is deletion of penalty of Rs.87,94,

Posted in Income Tax | 105 Views

ITAT: Once notice u/s 153(3) is issued to the assessee then it is incumbent upon the assessee to file the return of income

Guest 23 July 2021 at 15:20

The present appeals have been filed by the assessee against the orders of ld. CIT (A)-35, New Delhi dated 03.02.2017.

Posted in Income Tax | 124 Views

When is addition beyond the scope of section 153A of the Income Tax Act?

Guest 23 July 2021 at 15:20

The present appeals have been filed by the revenue against the orders of ld. CIT (A)-27, New Delhi dated 24.11.2017.

Posted in Income Tax | 127 Views

Disallowance u/s 14A r.w.r. 8D in respect of exempted income

Guest 23 July 2021 at 15:20

ITA No.781/Del/2018 and ITA 1208/Del/2018 are cross appeals by the assessee and revenue preferred against the order of the CIT(A)-7, New Delhi dated 05.12.2017 pertaining to A.Y. 2013-14.

Posted in Income Tax | 100 Views