Income Tax Judgements

Disallowance of interest on capital as attributable to capital work-in-progress relying on the proviso to Section 36(1)(iii)

Poojitha Raam Vinay 27 November 2021 at 09:26

Appeal filed under Revenue 260A of Income Tax Act 1961.

Posted in Income Tax | 140 Views

When is an assessee entitled for exemption u/s 11?

Poojitha Raam Vinay 27 November 2021 at 09:26

This appeal is filed under section 260A of the Income Tax Act,1961.

Posted in Income Tax | 130 Views

Notice for re-assessment quashed by Hon'ble HC, Bombay as the Assessee fully, truly disclosed all material facts

Bimal Jain 25 November 2021 at 14:28

In M/s Ananta Landmark Pvt. Ltd. v. Deputy Commissioner of Income Tax & Ors. [W.P. (C) No. 2814 of 2019 decided on September 14, 2021] Hon'ble Bombay High Court held that for an assessment to be reopened beyond a period of four years there must an om

Posted in Income Tax | 138 Views

Verification of large deductions claimed u/s 54-B, 54-C, 54-D, 54-G of the Income Tax Act

Poojitha Raam Vinay 23 November 2021 at 11:18

Income Tax (“PCIT” in short ), Raipur-1 communicated to the assessee on 26.03.2021 passed under Sect ion 263 of the Income Tax Act, 1961

Posted in Income Tax | 175 Views

Deletion of disallowance of deduction u/s 80IA of the Income Tax Act, 1961

Poojitha Raam Vinay 23 November 2021 at 11:18

These two appeals by the Revenue arise out of the separate orders dated 28-10-2016 & 10-01-2017 passed by the CIT(A)-4, Pune in relation to the assessment years 2012-13 and 2013-14

Posted in Income Tax | 152 Views

Calculation of Capital Gain by invoking the provisions of Section 50C of the Income Tax Act

Poojitha Raam Vinay 23 November 2021 at 11:18

This appeal by the Revenue is directed against the order passed by the CIT(A)-1, Aurangabad on 23-06-2017 in relation to the assessment year 2014-15.

Posted in Income Tax | 209 Views

Taxability of amount received by a Switzerland based non-resident from its Indian Affiliate

Poojitha Raam Vinay 23 November 2021 at 11:18

This appeal by the assessee is directed against the final assessment order dated 09.12.2020 passed by the Assessing Officer (AO) u/s.143(3) r.w.s.144C(13) of the Income-tax Act, 1961

Posted in Income Tax | 190 Views

Assessee challenges the assumption of jurisdiction by AO u/s 147 of the Income Tax Act

Poojitha Raam Vinay 23 November 2021 at 11:18

This is an appeal filed by the assessee against the order of ld. CIT(A)-2, Jaipur dated 15.03.2018 for the assessment year 2008-09.

Posted in Income Tax | 176 Views

Rejection of books of accounts by invoking provisions of Section 145(3) of the Income Tax Act

Poojitha Raam Vinay 23 November 2021 at 11:18

This is an appeal filed by the assessee against the order of ld. CIT(A)-1, Jodhpur (Camp at Jaipur) dated 18.12.2018 pertaining to assessment year 2012-13.

Posted in Income Tax | 218 Views

Criteria for levy of penalty u/s 271D of the Income Tax Act

Poojitha Raam Vinay 23 November 2021 at 11:18

This is an appeal filed by the assessee against the order of ld. CIT(A)-2, Jaipur dated 28.06.2019 pertaining to A.Y 2009-10 wherein the assessee has challenged the confirmation of levy of penalty u/s 271D of the Act.

Posted in Income Tax | 271 Views