Judgements and Orders, Supreme Court and High courts of India

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

Treatment of Unexplained Investments under the Income Tax Act, 1961

Poojitha Raam 10 August 2021 at 08:45

This is assessee’s appeal for A.Y. 2005-06 against the order of CIT(Appeals)-4, Hyderabad dated 18.02.2016. The assessee has raised the following grounds of appeal.

Posted in Income Tax | 74 Views

Difference in the interest income declared in the original return and the revised return

Poojitha Raam 10 August 2021 at 08:45

This appeal is filed by Revenue while the Cross Objection is filed by the assessee, against the order of CIT(A)-1, Hyderabad dated 26.10.2017 relating to A.Y. 2014-15.

Posted in Income Tax | 66 Views

Criteria for treating cash deposits under the head �income from other sources�

Poojitha Raam 10 August 2021 at 08:44

This is assessee�s appeal filed against the order of CIT(A)-7, Hyderabad dated 26.11.2018 relating to A.Y. 2014-15.

Posted in Income Tax | 122 Views

Does execution of the registered sale deed accounts for transfer of property?

Poojitha Raam 10 August 2021 at 08:44

This is assessee's appeal for the Assessment Year 2008-09 against the order of Commissioner of Income Tax (Appeals)-8, Hyderabad Dt.15.11.2019 confirming the addition made by the Assessing Officer.

Posted in Income Tax | 82 Views

Scrutiny for verification of Interest Expenses

Poojitha Raam 10 August 2021 at 08:44

This is assessee's appeal for the Assessment Year 2015-16 against the order of Commissioner of Income Tax (Appeals)-6, Hyderabad dt.17.10.2019

Posted in Income Tax | 66 Views

IIM is Government entity and liable to pay GST under RCM on receipt of legal services: AAR

Bimal Jain 09 August 2021 at 19:45

In Indian Institute of Management, Tiruchirappalli ('IIMT/ the Applicant') vide order no. 20/AAR/2021 dated June 18, 2021 the Hon’ble Tamil Nadu Authority for Advance Ruling ('TAAR') held that, Applicant is a government entity liable to TDS provision

Posted in GST | 167 Views

GST ITC available on installation of Solar Power Panel as electricity so generated captively used for manufacture of taxable goods

Bimal Jain 09 August 2021 at 19:13

In the matter of M/s. KLF Nirmal Industries Pvt. Limited [Order No. 19/ARA/2021 dated June 18, 2021], M/s. KLF Nirmal Industries Pvt. Limited ('the Applicant') has sought the Advance Ruling before the Tamil Nadu Authority for Advance Ruling ('AAR')

Posted in GST | 110 Views