Judgements and Orders, Supreme Court and High courts of India

Disallowance of interest paid on ECB loans

Guest 11 January 2021 at 13:25

The assessee has filed this appeal challenging the assessmentorder dated 31.12.2015 passed by the A.O. u/s 143(3) r.w.s 144C of the Act for assessment year 2011-12 in pursuance of directions given by Ld. Dispute Resolution Panel (DRP).

Posted in Income Tax | 287 Views

M/s Harman Connected Services Corporation India Pvt. Ltd. - Assessee seeking withdrawal of the appeal on the ground that the assessee has opted for VSV Act

Guest 11 January 2021 at 13:25

This appeal by the assessee is directed against the order dated 16.01.2018 of the CIT(Appeals)-10, Bengaluru passed u/s. 143(3) r.w.s. 144C of the Income-tax Act, 1961 [the Act] for the assessment year 2010-11.

Posted in Income Tax | 82 Views

M/s Maventic Innovative Solutions Pvt Ltd - Dismissal of appeal by the CIT(A) on withdrawal by the assessee once the dispute is settled under the VSVs Act.

Guest 11 January 2021 at 13:25

These cross appeals at the instance of the assessee andRevenue are directed against CIT(A)’s order dated 20.02.2018. The relevant assessment year is 2014-2015.

Posted in Income Tax | 143 Views

Gujarat HC: CBDT to take an appropriate decision for extension of the due date of filing ITR and TAR by 12.01.2021

Bimal Jain 11 January 2021 at 09:46

The Hon'ble High Court, Gujarat in the All Gujarat Federation of Tax Consultants v. Union of India [R/Special Civil Application No. 13653 of 2020 dated January 8, 2021] directed CBDT to take an appropriate decision for extension of the due date of fi

Posted in Income Tax | 131 Views

Disallowed rectification of tax invoice as not covered under Section 161 and Limitation Act not applicable to Special statute

Bimal Jain 11 January 2021 at 09:45

The Hon'ble Tripura High Court in M/s Kiran Enterprise v. The State of Tripura and Ors. [WP (C) No. 114 of 2020 dated December 17, 2020] rejected petition filed along with condonation of delay application for rectification of error (name of the party

Posted in GST | 150 Views

Extension of Tax Audit Due Date - Gujarat Federation of Tax Consultants Vs. Union of India

Guest 09 January 2021 at 13:28

The draft amendment is allowed. The same shall be carried out at the earliest. By this writ application under Article 226 of the Constitution of India, the writ applicants have prayed for the following relief:

Posted in Income Tax | 7901 Views

SCD Trading has filed a declaration in Form No. 1 & 2 and has hence opted for VSV Scheme to settle the tax dispute.

Guest 09 January 2021 at 10:47

This appeal by assessee has been directed against the order of Ld. CIT(Appeals)-31, New Delhi dated 21.12.2018 for AY 2009-10.

Posted in Income Tax | 133 Views

Itenderpal under the VSV Scheme, has filed for Form No. 1 & 2 and is awaiting to receive Form No.3.

Guest 09 January 2021 at 10:47

The present appeal by the assessee is directed against theorder of Commissioner of Income Tax (Appeals), Rohtak, dated 15.01.2019 passed for assessment year 2014-15.

Posted in Income Tax | 183 Views

Penalty cannot be levied on assessee if quantum addition has been deleted by the Tribunal

Guest 09 January 2021 at 10:47

This appeal by assessee has been directed against the order of Ld. CIT(Appeals)-37, New Delhi dated 22.09.2017 for AY 2012-13 levying the penalty u/s 271(1)(c) of the IT Act.

Posted in Income Tax | 265 Views