Income Tax Judgements

ITAT condoned the delay of 54 days and admitted the appeal to give way to the assessee Pilli Nooka raju to go for Vivad Se Vishwas Scheme

Guest 21 January 2021 at 15:09

All these appeals are filed by the assessee against the order of theCommissioner of Income Tax (Appeals)-3, Visakhapatnam dated15.10.2018 with the delay of 54 days .

Posted in Income Tax | 121 Views

ITAT condoned the delay and admitted the appeal to give way to the assessee to go for Vivad Se Vishwas Scheme.

Guest 21 January 2021 at 15:09

All these appeals are filed by the assessee against the order of theCommissioner of Income Tax (Appeals)-3, Visakhapatnam dated15.10.2018with the delay of 54 days .

Posted in Income Tax | 111 Views

ITAT had condoned the delay of 1037 days and admitted the appeal , since, the assessee intends to settle the issue under Vivad Se Vishwas Scheme.

Guest 21 January 2021 at 15:09

These appeals are filed by the assessee against the order of the Principal Commissioner of Income Tax (Pr.CIT)-1, Visakhapatnam passed u/s 263 of the Income Tax Act, 1961(in short ‘Act’) dated 23.03.2016 with the delay of 1037 days and the same is nu

Posted in Income Tax | 155 Views

capital contribution made & confirmed by the partners cannot be assessed in the hands of the firm.However, the AO is at liberty to examine and consider these amounts in the hands of the respective partners.

Guest 21 January 2021 at 15:09

This appeal is filed by the revenue against the order of the Commissioner of Income Tax (Appeals) [CIT(A)], Rajamahendravaram in ITANo.10128/2017-18/ITO,W-1,Tuni/VSP/2018-19 dated 21.03.2019 for the Assessment Year(A.Y.)2015-16 with the delay of 17 d

Posted in Income Tax | 120 Views

Maredla Satya Murthy, opts to settle the dispute throgh Vivad Se vishwas scheme.

Guest 21 January 2021 at 15:09

This appeal was filed by the assessee against the order of the Principal Commissioner of Income Tax-1, Visakhapatnam u/s 263 of theAct dated 31.03.2019. The order was served on the assessee on08.04.2019 and the assessee filed the appeal before the Tr

Posted in Income Tax | 126 Views

It is ambitious to expect the work bills, confirmations from the goldsmiths for their work, since payment were not suspected, there is no reason to apply the provisions of section 194C and the 40(a)(ia) of the Act.

Guest 20 January 2021 at 17:56

This appeal is filed by the assessee against the order of the Commissioner of Income Tax (Appeals) [CIT(A)], Vijayawada in Appeal No.10149/CIT(A)/VJA/2019-20 dated 30.07.2020 for the Assessment Year (A.Y.) 2010-11.

Posted in Income Tax | 135 Views

Estimation of income without having any seized material or any material having corroborating evidence is bad in law

Guest 20 January 2021 at 17:56

These appeals by the Revenue and the cross objections by the assessee are directed against the separate orders of Commissioner of Income Tax (Appeals)-3, Visakhapatnam, both dated 30/06/2020 for the Assessment Years 2016-17 & 2017-18. Since facts and

Posted in Income Tax | 142 Views

ITAT has upheld the order of CIT(A) citing that AO is not permitted to make the addition without rejecting the books of account

Guest 20 January 2021 at 17:56

These appeals by the Revenue and the cross objections by the assessee are directed against the separate orders of Commissioner of Income Tax (Appeals)-3,Visakhapatnam,both dated 30/06/2020 for the Assessment Years2016-17& 2017-18. Since facts and the

Posted in Income Tax | 147 Views

Addition made solely on the basis of statement recorded u/s 132(4) without having corroborating evidence is unsustainable.

Guest 20 January 2021 at 17:56

These appeals are filed by the revenue against the orders of the Commissioner of Income Tax (Appeals)-3, Visakhapatnam in Appeal Nos.314 to 318 /2019-20/CIT(A)-3/VSP/2020-21 dated 31.07.2020 for the Assessment Year (A.Y.)2013-14 to 2017-18. The appea

Posted in Income Tax | 128 Views

AO is not permitted to make the addition u/s 153A without having seized material.

Guest 20 January 2021 at 17:56

These appeals are filed by the revenue against the orders of the Commissioner of Income Tax (Appeals)-3, Visakhapatnam in Appeal No.312 & 313/2019-20/CIT(A)-3/VSP/2020-21 dated 27.07.2020 for the Assessment Years (A.Y.) 2011-12 & 2012-13, Appeal No.3

Posted in Income Tax | 133 Views