Judgements by Poojitha Raam Vinay

Addition on account of deemed dividend under the Income Tax Act

Poojitha Raam Vinay 10 August 2021 at 08:45

The present appeal has been preferred by the Revenuevagainst the order dated 18.12.2017 of the Commissioner ofvIncome Tax (Appeals) [hereinafter referred to as the CIT(A)] relevant to assessment year 2012-13.

Posted in Income Tax | 117 Views

Can subsidies be claimed as a deduction while filing the ITR?

Poojitha Raam Vinay 10 August 2021 at 08:45

This appeal challenges the judgment and order dated 09-10-2018 passed by the High Court at Calcutta in ITA No.116 of 2018.setting aside (i) the order dated 25.02.2016 passed by Commissioner of Income Tax (Exemption) (“CIT” for short) canceling regist

Posted in Income Tax | 98 Views

Criteria for qualification of deduction u/s 42 of the Income Tax Act

Poojitha Raam Vinay 10 August 2021 at 08:45

The assessee is in second round of appeal before us since the matter was earlier remanded back by co-ordinate bench of Tribunal (ITA No.61/Mum/2011 order dated 07/02/2014)

Posted in Income Tax | 116 Views

Calculation of book profit u/s.115JB of the Income Tax Act

Poojitha Raam Vinay 10 August 2021 at 08:45

The present appeal has been preferred by the assesseevagainst the order dated 26.09.2019 of the Commissioner ofvIncome Tax (Appeals) [hereinafter referred to as the CIT(A)] relevant to assessment year 2015-16.

Posted in Income Tax | 213 Views

Addition on account of unproved purchases under the Income Tax Act

Poojitha Raam Vinay 10 August 2021 at 08:45

This appeal by the assessee is directed against the order Commissioner of Income Tax(Appeals)-3, Mumbai [in short 'the CIT(A)�] dated 30/09/2019 for the assessment year 2007-08.

Posted in Income Tax | 139 Views

Levy of penalty u/s 271(1)(c) of the Income Tax Act

Poojitha Raam Vinay 10 August 2021 at 08:45

The assessee has filed an appeal against the order of Commissioner of Income Tax (Appeals)-3 passed u/s 271(1)(c) and 250 of the Income Tax Act, 1961.

Posted in Income Tax | 118 Views

Treatment of Unexplained Investments under the Income Tax Act, 1961

Poojitha Raam Vinay 10 August 2021 at 08:45

This is assessee’s appeal for A.Y. 2005-06 against the order of CIT(Appeals)-4, Hyderabad dated 18.02.2016. The assessee has raised the following grounds of appeal.

Posted in Income Tax | 100 Views

Disallowance of mark to market loss claimed by the appellant

Poojitha Raam Vinay 10 August 2021 at 08:45

Captioned appeal by the assessee is against the order dated 23.10.2019 of learned Commissioner of Income Tax (Appeals)�14, Mumbai for the assessment year 2016-17

Posted in Income Tax | 125 Views

Difference in the interest income declared in the original return and the revised return

Poojitha Raam Vinay 10 August 2021 at 08:45

This appeal is filed by Revenue while the Cross Objection is filed by the assessee, against the order of CIT(A)-1, Hyderabad dated 26.10.2017 relating to A.Y. 2014-15.

Posted in Income Tax | 101 Views