Judgements by Poojitha Raam Vinay

Deduction of the amount retained by the monitoring committee out of sale proceeds

Poojitha Raam Vinay 24 December 2021 at 08:31

The assessee has filed this appeal challenging the order dated 25.10.2018 passed by Ld. CIT(A), Gulbarga and it relates to assessment year 2014-15.

Posted in Income Tax | 178 Views

Deduction of the employees’ contribution of PF and ESI as per section 43B of the Income Tax Act

Poojitha Raam Vinay 24 December 2021 at 08:31

This appeal at the instance of the assessee is directed against CIT(A)’s order dated 27.07.2021. The relevant assessment year is 2019-2020.

Posted in Income Tax | 225 Views

Deduction on the Rental Income of Second House Property under the Income Tax Act

Poojitha Raam Vinay 24 December 2021 at 08:31

The assessee is in appeal before the Tribunal against the order of learned Commissioner of Income-Tax (Appeals)-13, Ahmedabad [“CIT(A)” in short] dated 25.03.2019 passed for Assessment Year 2016-17.

Posted in Income Tax | 225 Views

Deduction u/s 54B cannot be denied if the correlation between investment and receipt of sale proceeds has been demonstrated

Poojitha Raam Vinay 24 December 2021 at 08:31

The assessee is in appeal before the Tribunal against the order of learned Commissioner of Income-tax (Appeals-5), Vadodara [“CIT(A) in short] dated 25.02.2019 passed for Assessment Year 2012-13.

Posted in Income Tax | 161 Views

Deduction u/s 54B cannot be denied if the correlation between investment and receipt of sale proceeds has been demonstrated

Poojitha Raam Vinay 24 December 2021 at 08:31

The assessee is in appeal before the Tribunal against the order of learned Commissioner of Income-tax (Appeals-5), Vadodara [“CIT(A) in short] dated 25.02.2019 passed for Assessment Year 2012-13.

Posted in Income Tax | 140 Views

Deduction u/s 54B cannot be denied if the correlation between investment and receipt of sale proceeds has been demonstrated

Poojitha Raam Vinay 24 December 2021 at 08:31

The assessee is in appeal before the Tribunal against the order of learned Commissioner of Income-tax (Appeals-5), Vadodara [“CIT(A) in short] dated 25.02.2019 passed for Assessment Year 2012-13.

Posted in Income Tax | 158 Views

Can gross sale consideration be the capital gain in the hands of the assessee?

Poojitha Raam Vinay 24 December 2021 at 08:31

Assessee is in appeal before the Tribunal against order of the ld.CIT(A)-4, Ahmedabad dated 21.1.2019 passed for the Asstt.Year 2014-15.

Posted in Income Tax | 241 Views

Powers of ld. Commissioner as per the expression “sufficient cause” employed u/s 249(3) of the Income Tax Act

Poojitha Raam Vinay 24 December 2021 at 08:31

Assessee is in appeal before the Tribunal against order of the ld.CIT(A)-5, Ahmedabad dated 25.02.2019 passed for the Asstt.Year 2015-16.

Posted in Income Tax | 266 Views

Invocation of provisions of Section 68 of the Income Tax Act on account of Share Application Money

Poojitha Raam Vinay 24 December 2021 at 08:31

The ld.CIT(A)-XI, Ahmedabad has decided appeal of the assessee for the Asstt.Year 2009-10 vide order dated 12.11.2012.

Posted in Income Tax | 114 Views

Is the fees of independent auditors appointed for reporting to CoC charged as CIRP cost?

Poojitha Raam Vinay 01 December 2021 at 10:34

This Order disposes of the Show Cause Notice (SCN) No. IBBI/IP/INSP/2020/45 dated 01.04.2021 issued to Mr. Pawan Kumar Garg, R/o – 25-A, J-Pocket, Sheikh Sarai-II, New Delhi-110017 who is a Professional Member of Indian Institute of Insolvency Profes

Posted in Audit | 323 Views