Income Tax Judgements

The Hon'ble Karnataka High Court in matter of Nandi Steels Limited Vs. ACIT approved setoff of brought forward losses against capital gains on sale/transfer of business assets of the assessee under provisions of Section 72 of the Income Tax Act,1961.

In Aswathanarayana & Eswara v. Deputy Commissioner of Income-tax, Circle-I, Chennai [ Tax Case Appeal No. 409 of 2009 dated March 30, 2021], Aswathanarayana&Eswara('the Appellant') has filed the current appeal challenging the Order No. No. 550/Mds/20

The petitioner has challenged the validity of the notification numbers 20/2021 and 38/2021.

Aforesaid cross-appeals for Assessment Year (AY) 2011-12 arises out of the order of learned Commissioner of Income-Tax (Appeals)-28.

These are appeals by the Revenue against respective orders of learned Commissioner of Income Tax (Appeals) [in short learned CIT(A)] for aforesaid assessment years. Since issues are common and connected they are being disposed of by this common order

This appeal filed by the assessee is directed against the order dated 21st February, 2017 of the CIT(A)-38, New Delhi relating to assessment year 2003-04.

This appeal filed by the assessee for the assessment year 2012-13 is directed against the order of Ld. CIT(A)-10, New Delhi dated 30.03.2017.

This is an appeal by the assessee directed against the order of learned CIT(A) dated 30.9.2019 pertains to A.Y. 2020-11.

The present appeals have been filed by the assessee challenging the orders of even date 23rd October 2019, passed by the learned Commissioner of Income Tax (Appeals)–8, Mumbai, for the assessment year 2009–10 and 2010–11.

The only grievance of the assessee in aforesaid appeals for Assessment Year (AY) 2015-16 & 2016-17 is disallowance u/s 14A. The facts are pari-materia the same in both the years and therefore, the appeals were heard together and are now being dispose