Income Tax Judgements

Order passed by the PCIT without jurisdiction is Null in the eyes of the law

Guest 29 June 2021 at 17:52

This is an appeal filed by the Assessee against the order of Ld. PCIT-4, Kolkata dated 11.11.2019 u/s 263 of Income Tax Act, 1961 ( hereinafter referred to as the Act) for Assessment year 2009-10.

Posted in Income Tax | 164 Views

Disallowance u/s 80DDB and u/s 80C of the Income Tax Act

Guest 29 June 2021 at 11:54

This appeal filed by the assessee is directed against CIT(A) – 1, Hyderabad’s order dated 03/07/2017 for AY 2009-10 involving proceedings u/s 144 of the Income Tax Act, 1961 ; in short “the Act” on the following grounds:

Posted in Income Tax | 115 Views

Manju Karwa , Hyderabad Income Tax Officer, Ward-7(2), Hyderabad

Guest 29 June 2021 at 11:54

This assessee’s appeal for AY.2015-16 arises from CIT(A)-3, Hyderabad’s order dated 08-10-2018 passed in appeal No.0142 / ITO-7(2) / Hyd / CIT(A)-3 / 2017-18, in proceedings u/s.143(3) r.w.s.147 of the Income Tax Act, 1961 [in short, ‘the Act’].

Posted in Income Tax | 149 Views

Action making arm’s length price ‘ALP’ adjustment challenged by the assessee

Guest 29 June 2021 at 11:54

This assessee’s appeal for AY.2014-15 arises against the ACIT, Circle-2(2), Hyderabad’s assessment dated 29-10-2018 framed in furtherance to the Dispute Resolution Panel (‘DRP’)-

Posted in Income Tax | 144 Views

Can the CIT(A) apply the provisions of Section 14A of the Income Tax Act if the assessee does not have any exempt income?

Guest 29 June 2021 at 11:54

This Revenue’s appeal for AY.2015-16 arises from the CIT(A)-3, Hyderabad’s order dated 14-11-2018 passed in case No.0180/DCIT-3(2)/Hyd/CIT(A)-3/2017-18, in proceedings u/s.143(3) of the Income Tax Act, 1961 [in short, ‘the Act’].

Posted in Income Tax | 146 Views

Provisions under Section 249(4)(b) of the Income Tax Act

Guest 29 June 2021 at 11:54

This is assessee’s appeal for the A.Y 2010-11 against the order of the CIT (A)-3, Hyderabad, dated 19.11.2018. It is noticed that the assessee has expired on 18.01.2020 and her legal heir has been brought on record.

Posted in Income Tax | 1237 Views

Not complying with the requirement of production of books of account, vouchers etc. cannot be a reason to deny exemption u/s 11 of the Income Tax Act

Guest 29 June 2021 at 11:54

This appeal filed by the Revenue is directed against CIT(A), Kurnool’s order dated 03/12/2018 for AY 2014-15 involving proceedings u/s 144 of the Income Tax Act, 1961 ; in short “the Act” on the following grounds:

Posted in Income Tax | 107 Views

Provisions of Section 50C of the Income Tax Act

Guest 29 June 2021 at 11:54

This is assessee’s appeal for the A.Y 2009-10 against the order of the CIT (A)-1, Hyderabad, dated 11.01.2019.

Posted in Income Tax | 120 Views

Power to reopen the case cannot be exercised on the basis of "reason to suspect" or to "scrutinize" the return or "verify" the accounts/claims

Guest 28 June 2021 at 14:47

These two revenue’s appeals ITA 525/H/19, ITA 526/Hyd/19 and assessee’s Cross Objection Nos. 20 & 21/H/19 therein for AY 2007-08 and 2008-09 arise against the CIT(A)-10, Hyderabad’s separate orders dated 11.01.2019 and 10.01.2019 passed in case nos.

Posted in Income Tax | 153 Views

Short term deposits cannot be taken at par with an international transaction u/s 92B of the Income Tax Act

Guest 28 June 2021 at 14:47

This assessee’s appeal for AY.2013-14 arises against the CIT(A)-6, Hyderabad’s order dt.01-08-2019 in appeal No.10079/2018-19/B3/CIT(A)-6, involving proceedings u/s.143(3) r.w.s.92CA(3) of the Income Tax Act, 1961 [in short,‘the Act’].

Posted in Income Tax | 129 Views