Income Tax Judgements

Is expenditure incurred on foreign currency to be reduced for the purpose of computation of deduction u/s 10 of the IT Act?

Guest 18 June 2021 at 10:53

Present cross appeals has been filed by assessee against final assessment order dated 13/11/2015 passed by Ld.DCIT Circle 5(1)(1), Bangalore under section 143(3) read with 144C(3) of the Act on following grounds of appeal:

Posted in Income Tax | 129 Views

Autoliv India Private Limited, Bangalore Asst.C.I.T., Bangalore

Guest 18 June 2021 at 10:53

This appeal filed by the assessee is directed against the order of DRP-1, Bengaluru dated 28.12.2015 for the assessment year 2011-12.

Posted in Income Tax | 259 Views

M/s Sevenseas Global Express Logistics Private Limited , Bangalore The Assistant Commissioner of Income Tax Circle-6(1)(1), Bangalore

Guest 18 June 2021 at 10:53

The appeal filed by the assessee is directed against the order dated 14.11.2018 passed by Ld. CIT(A)-6, Bengaluru and it relates to the assessment year 2013-14. The assessee is aggrieved by the decision of Ld. CIT(A) in confirming the addition of Rs.

Posted in Income Tax | 188 Views

Assessee cannot be held in default if there is reasonable cause for non-deduction of TDS

Guest 18 June 2021 at 10:53

Present appeals have been filed by assessee against order dated 10/08/2018 passed by the Ld.CIT(A)-3, Bangalore for assessment year 2013-14 on following grounds of appeal:

Posted in Income Tax | 176 Views

Amount paid by resident Indian distributors to non-resident computer software manufacturers/suppliers is not payment of royalty

Guest 18 June 2021 at 10:53

Present appeal has filed by assessee against order dated 31/11/2020 passed by the ITO (Intl. Taxation), Circle-1, Bangalore for assessment years 2017-18 on following grounds of appeal:-

Posted in Income Tax | 129 Views

Rejection of deduction claimed u/s 80P(2)(a)(i) / 80P(2)(d) of the Income-tax Act,1961

Guest 18 June 2021 at 10:53

The appeal filed by the assessee is directed against the order dated 27.03.2019 passed by Ld CIT(A), Mangaluru and it relates to the assessment year 2016-17. The grounds urged by the assessee give rise to the following two issues:-

Posted in Income Tax | 194 Views

As per explanation 1 to Section 271 (1) (c) of the Income Tax Act, the primary onus is on the assessee to furnish an explanation

Guest 18 June 2021 at 10:53

This appeal by the assessee is directed against the order dated 08.08.2019 of CIT (appeals)arising from penalty order passed under Section 271 (1) (c) of the Income Tax Act for the assessment year 2007-08.

Posted in Income Tax | 135 Views

Is Sweet Corn termed as a vegetable for the purpose of allowing deduction u/s 80IB(11A) of the Income Tax Act?

Guest 17 June 2021 at 10:33

This appeal filed by the assessee for AY 2016-17 is directed against the CIT(A) - 2, Hyderabad’s order,dated 26/08/2019 involving proceedings u/s 143(3) of the Income Tax Act, 1961 ; in short “the Act” on the following grounds of appeal:

Posted in Income Tax | 127 Views

Are the receipts from outside sources of a resident, but not an ordinarily resident of India, taxable in India?

Guest 17 June 2021 at 10:33

This is Revenue’s appeal filed for the Assessment Year 2013-14 against the order of the Commissioner of Income Tax (Appeals)-4, Hyderabad Dt.20.07.2017.

Posted in Income Tax | 93 Views

Is an assessee, who is not the owner of a fixed asset in the nature of a road project, ought to have amortized the corresponding expenditure of license fee etc.?

Guest 17 June 2021 at 10:33

These Revenue’s appeals for AYs.2012-13, 2013-14 & 2014-15 arise from the CIT(A)-4, Hyderabad’s orders; all dated 16-08-2018 passed in appeal Nos.0175 / 15-16 / ACIT,Cir.16(2) / CIT(A)-4 / Hyd / 17-18, 0008 / 16-17 / ACIT,Cir.16(2) / CIT(A)-4 / Hyd /

Posted in Income Tax | 143 Views