Income Tax Judgements

A.V.Tradelink Pvt. Ltd., Kolkata I.T.O.,Ward-8(1), Kolkata

Guest 11 May 2021 at 12:26

The assessee seeks permission of this Bench to withdraw its appeal in ITA No. 575/Kol/2019 as it has availed the scheme under “Vivad Se Vishwas Act, 2020” vide its application dated 07.04.2021. The assessee states that it has been granted certificate

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Kanhaiyalal Basant Kumar HUF, Kolkata I.T.O.,Ward-37(1), Kolkata

Guest 11 May 2021 at 12:26

This appeal filed by the assessee is directed against the order of ld. Commissioner of Income Tax (Appeals)-11, Kolkata dated 25.06.2019.

Posted in Income Tax | 121 Views

What constitutes ‘income from business’ and ‘income from other sources’?

Guest 11 May 2021 at 12:26

These are cross appeals directed against the order of the Learned Commissioner of Income Tax (Appeals)-11, Kolkata [hereinafter the “CIT(A)”], passed u/s. 250 of the Income Tax Act, 1961 (the ‘Act’), dated 31.07.2019 for the Assessment Year 2007-08.

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Issue raised by Revenue in giving partial relief to the assessee by deleting partly the excess stock found during the survey, which the AO has added; and the GP on it

Guest 11 May 2021 at 12:26

This is an appeal preferred by the Revenue and the cross objection filed by the assessee against the order of Ld. CIT(A)-3, Kolkata dated 08.11.20219 for Assessment year 2016-17.

Posted in Income Tax | 70 Views

Notice u/s 143(2) of the Act, issued by an AO who has no jurisdiction over the assessee, is bad in law and void-ab-initio

Guest 10 May 2021 at 11:34

This appeal filed by the assessee is directed against the order of the Learned Commissioner of Income Tax (Appeals) - 7, (hereinafter the “ld. CIT(A)”), passed u/s. 250 of the Income Tax Act, 1961 (the ‘Act’), dt. 28/03/2018, for the Assessment Year

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Mismatch in the amount paid to related persons u/s 40A(2)(b) reported in Audit Report and ITR

Guest 10 May 2021 at 11:34

This appeal filed by the assessee is directed against the order of the Learned Principal Commissioner of Income Tax (Appeals) - 2, (hereinafter the “ld. CIT(A)”), passed u/s. 263 of the Income Tax Act, 1961 (the ‘Act’), dt. 20/03/2020, for the Assess

Posted in Income Tax | 110 Views

No TDS on sales commission paid to non-residents for services rendered outside India

Bimal Jain 21 April 2021 at 15:07

The Hon'ble ITAT, Jaipur in Modern Threads India Limited v. ACIT (Income Tax Appeal Nos. 198/JP/2019 and 199/JP/2019 decided on February 15, 2021) has held that payment of sales commission by the assessee to non-resident agents for the services rende

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Section 143(2) proviso applies in case of return filed u/s 139(1) of the Act and not qua revised return u/s. 139(5) of the Act.

Guest 19 April 2021 at 11:19

These assessee’s and Revenue’s cross appeals for Asst. Year 2014-15 arisefrom the Commissioner of Income Tax (Appeals)-10, Hyderabad’s orderdt.26.08.2019 passed in case No.0220/CIT(A)-10/2016-17, in proceedings under Section 143(3) of Income Tax Act,

Posted in Income Tax | 132 Views

Erred in not allowing deduction u/s. 54F of the Income Tax Act

Guest 19 April 2021 at 11:19

These assessee’s and Revenue’s cross appeals for Asst. Year 2014-15 arisefrom the Commissioner of Income Tax (Appeals)-10, Hyderabad’s order dt.26.08.2019 passed in case No.0220/CIT(A)-10/2016-17, in proceedings under Section 143(3) of Income Tax Act

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Shri Tirath Ram Sahni,, Ahmedabad DCIT, Circle-3(3),, Ahmedabad

Guest 19 April 2021 at 11:19

These seventeen appeals filed by different assessees except ITA No. 1562/Ahd/2018, 19/Ahd/2020 & 199/Ahd/2020 & C.O. No. 177/Ahd/2019 filed by revenue, arise from order of the CIT(A), in proceedings under Income Tax Act, 1961; in short “the Act”.

Posted in Income Tax | 133 Views