Judgements and Orders, Supreme Court and High courts of India

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 | 115 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 | 197 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 | 123 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 | 140 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 | 135 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 | 111 Views

Is AO justified in deleting addition on account of corpus fund without routing the income through the profit and loss account?

Guest 23 July 2021 at 15:20

The present appeal has been filed by the revenue against the order of ld. CIT(A)-32 , New Delhi dated 26 .10.2017.

Posted in Income Tax | 138 Views

Penalty can't be levied via SCN issued by DRI as DRI does not have the jurisdiction to issue SCN

Bimal Jain 23 July 2021 at 14:44

In M/s. Sattva CFS & Logistics Private Limited v. The Commissioner of Customs [Custom Appeal No. 41681 of 2021 decided on July 15, 2021] M/s. Sattva CFS & Logistics Private Limited ('the Appellant') contended that the Directorate of Revenue Intellige

Posted in Custom | 283 Views

Refund cannot be denied on account of procedural lapse

Bimal Jain 23 July 2021 at 14:00

In M/s Origin Learning Solutions Pvt. Ltd. v. Commissioner of Service Tax [Service Tax Appeal No.40599 of 2017 decided on July 20, 2021] M/s Origin Learning Solutions Pvt. Ltd. ("the Appellant") is engaged in providing Information Technology Services

Posted in Service Tax | 419 Views

Charitable Trust running medical store to give medicines without profit required to be registered

Bimal Jain 23 July 2021 at 09:14

In Nagri Eye Research Foundation v. Union of India[R/Special Civil Application No. 7822 of 2021 decided on July 9, 2021] Nagri Eye Research Foundation ('the Petitioner') filed an application for advance ruling to determine whether GST Registration wo

Posted in GST | 125 Views