Judgements and Orders, Supreme Court and High courts of India

Quantum of commission to be charged towards accommodation entries while computing Taxable Income

Poojitha Raam 10 August 2021 at 08:45

Aforesaid appeal by revenue for Assessment Year (AY) 2010-11 arises out of the order of learned Commissioner of Income-Tax (Appeals)-18, Mumbai [CIT(A)], dated 18/09/2014

Posted in Income Tax | 112 Views

Difference in share premium received and the fair value of equity shares

Poojitha Raam 10 August 2021 at 08:45

This is an appeal by the Revenue against the order of learned CIT(A) dated 20.3.2017 and pertains to assessment year 2010-11.

Posted in Income Tax | 134 Views

Interest u/s 201(1A) shall continue till the date of tax payment by the payees, says ITAT

Poojitha Raam 10 August 2021 at 08:45

Aforesaid appeal by assessee for Assessment Year (AY) 2008-09 arises out of the order of learned Commissioner of Income-Tax (Appeals)-59, Mumbai [CIT(A)], Appeal No. CIT(A)59/IT-133/ITO(TDS)-1(3)(4)/2015-16 dated 30/06/2017.

Posted in Income Tax | 83 Views

Addition on account of deemed dividend under the Income Tax Act

Poojitha Raam 10 August 2021 at 08:45

The present appeal has been preferred by the Revenuevagainst the order dated 18.12.2017 of the Commissioner ofvIncome Tax (Appeals) [hereinafter referred to as the CIT(A)] relevant to assessment year 2012-13.

Posted in Income Tax | 106 Views

Can subsidies be claimed as a deduction while filing the ITR?

Poojitha Raam 10 August 2021 at 08:45

This appeal challenges the judgment and order dated 09-10-2018 passed by the High Court at Calcutta in ITA No.116 of 2018.setting aside (i) the order dated 25.02.2016 passed by Commissioner of Income Tax (Exemption) (“CIT” for short) canceling regist

Posted in Income Tax | 88 Views

Criteria for qualification of deduction u/s 42 of the Income Tax Act

Poojitha Raam 10 August 2021 at 08:45

The assessee is in second round of appeal before us since the matter was earlier remanded back by co-ordinate bench of Tribunal (ITA No.61/Mum/2011 order dated 07/02/2014)

Posted in Income Tax | 89 Views

Calculation of book profit u/s.115JB of the Income Tax Act

Poojitha Raam 10 August 2021 at 08:45

The present appeal has been preferred by the assesseevagainst the order dated 26.09.2019 of the Commissioner ofvIncome Tax (Appeals) [hereinafter referred to as the CIT(A)] relevant to assessment year 2015-16.

Posted in Income Tax | 188 Views

Addition on account of unproved purchases under the Income Tax Act

Poojitha Raam 10 August 2021 at 08:45

This appeal by the assessee is directed against the order Commissioner of Income Tax(Appeals)-3, Mumbai [in short 'the CIT(A)�] dated 30/09/2019 for the assessment year 2007-08.

Posted in Income Tax | 115 Views

Levy of penalty u/s 271(1)(c) of the Income Tax Act

Poojitha Raam 10 August 2021 at 08:45

The assessee has filed an appeal against the order of Commissioner of Income Tax (Appeals)-3 passed u/s 271(1)(c) and 250 of the Income Tax Act, 1961.

Posted in Income Tax | 99 Views

Disallowance of mark to market loss claimed by the appellant

Poojitha Raam 10 August 2021 at 08:45

Captioned appeal by the assessee is against the order dated 23.10.2019 of learned Commissioner of Income Tax (Appeals)�14, Mumbai for the assessment year 2016-17

Posted in Income Tax | 103 Views