Judgements and Orders, Supreme Court and High courts of India

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 | 125 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 | 114 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 | 127 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 | 116 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 | 107 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 | 319 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 | 145 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 | 95 Views

PF and ESI as per Section 36(1)(va) of the Income Tax Act

Poojitha Raam Vinay 05 September 2021 at 10:07

This is assessee’s appeal for the A.Y 2018-19 against the order, dated 26.04.2019 passed by the National Faceless Appeal Centre (NFAC), New Delhi in respect of the appeal filed by the assessee before the CIT (A) Tirupati.

Posted in Income Tax | 128 Views

Payment of canvassing to the agents as per Chit Fund Act

Poojitha Raam Vinay 05 September 2021 at 10:07

This appeal filed by the assessee is directed against order of learned Commissioner of Income Tax (Appeals) � 15, Chennai, dated 30.08.2019 and pertains to assessment year 2016-17.

Posted in Income Tax | 114 Views