Income Tax Judgements

Is a co-operative society eligible to claim deduction u/s 80P of the Income Tax Act?

Poojitha Raam Vinay 02 October 2021 at 13:16

This appeal at the instance of the assessee is directed against the CIT(A)�s order dated 26.03.2021. The relevant assessment year is 2015-2016.

Posted in Income Tax | 155 Views

Accounting discrepancies cannot be termed as suppression of purchases in the strict sense

Poojitha Raam Vinay 02 October 2021 at 13:16

This appeal at the instance of the assessee is directed against the CIT(A)�s order dated 14.08.2017. The relevant assessment year is 2006-2007.

Posted in Income Tax | 137 Views

Is a taxpayer eligible for deduction u/s 80P of the Income Tax Act if it is registered under the Karnataka Souhardha Sahakari Act, 1997?

Poojitha Raam Vinay 02 October 2021 at 13:16

This appeal at the instance of the assessee is directed against the CIT(A)�s order dated 07.06.2021. The relevant assessment year is 2017-2018.

Posted in Income Tax | 111 Views

Which business restructuring can be termed as demerger under the Income Tax Act?

Poojitha Raam Vinay 02 October 2021 at 13:16

The present appeal filed by the Revenue and C.O. filed by the assessee feeling aggrieved by order of Ld. CIT(A)-2, Amritsar, on the ground mentioned in the memo of appeal and in Cross objection filed by the assessee.

Posted in Income Tax | 117 Views

Rejection or non-entertainment of additional evidence filed under rule 46A is unwarranted and against law, states ITAT

Poojitha Raam Vinay 02 October 2021 at 13:16

This appeal is filed by the assessee against the order passed by the ld. CIT(A) dated, 30.11.2018 for A.Y. 2010-11.

Posted in Income Tax | 113 Views

To assume a valid jurisdiction u/s 147 of the Income Tax Act, the AO must form a reason to believe on his own - Clarifies ITAT

mahendra gargieya 02 October 2021 at 13:16

This is the appeal filed by the assessee against the order of the ld. CIT(A), Alwar dated 30/10/2019 for the A.Y. 2008-09

Posted in Income Tax | 127 Views

Taxation of funds received in the form of share premium

mahendra gargieya 29 September 2021 at 16:51

The present appeal has been filed by the assessee against the order of the ld. Pr.CIT, Udaipur dated 11/02/2021 passed U/s 263 of the Income Tax Act, 1961 (in short, the Act) for the A.Y. 2016-17.

Posted in Income Tax | 154 Views

Explanation and evidence w.r.t. cash recoveries made from Sundry Advances

mahendra gargieya 28 September 2021 at 09:39

The impugned order passed by the ld PCIT u/s 263 is accordingly set aside and the order of the Assessing officer is sustained.

Posted in Income Tax | 168 Views

Acceptance of application under Rule 46-A of the Income Tax Act

mahendra gargieya 28 September 2021 at 08:35

This is an appeal filed by the assessee against the order of ld. CIT(A), Ajmer dated 25/01/2016 for the A.Y. 2008-09 in the matter of order passed U/s 143(3) of the Income Tax Act, 1961

Posted in Income Tax | 167 Views

Are stamp duty value and purchase consideration required to be added as income from other sources?

mahendra gargieya 28 September 2021 at 08:35

The present appeal has been filed by the assessee against the order of the ld. Pr.CIT-2, Jaipur dated 28/02/2020 passed U/s 263 of the Income Tax Act, 1961 (in short, the Act) for the A.Y. 2015-16

Posted in Income Tax | 237 Views