Judgements by Poojitha Raam Vinay

Is deficit allowed to be carried forward to subsequent years?

Poojitha Raam Vinay 13 November 2021 at 10:19

Aforesaid appeals by revenue in case of two different assessee for Assessment Years (AY) 2011-12 to 2016-17 assail separate orders of first appellate authority. However, the facts as well as issues are common in all the years and it is admitted posit

Posted in Income Tax | 162 Views

Disallowance of interest on bank overdraft u/s 40(a)(ia) of the Income Tax Act

Poojitha Raam Vinay 10 November 2021 at 14:19

The assessee has filed this appeal challenging the order dated 21.10.2019 passed by Ld. CIT(A)-7, Bengaluru and it relates to the assessment year 2016-17.

Posted in Income Tax | 179 Views

Transfer pricing adjustment on account of interest on outstanding receivable

Poojitha Raam Vinay 10 November 2021 at 14:19

This appeal at the instance of the assessee is directed against final assessment order dated 22.10.2018 passed u/s 143(3) r.w.s. 144C of the I.T.Act. The relevant assessment year is 2014-2015.

Posted in Income Tax | 135 Views

Selection of functionally different companies as comparable to Business support services by TPO

Poojitha Raam Vinay 10 November 2021 at 14:19

The present appeal has been f i led by the assessee against the order dated 29.05.2019 passed by the AO u/s 143(3) r.w.s. 144C of the Income Tax Act, 1961.

Posted in Income Tax | 123 Views

Levy of penalty u/s 271(1)(c) of the Income-tax Act for furnishing of inaccurate particulars of income

Poojitha Raam Vinay 10 November 2021 at 14:19

This appeals is filed by the assessee against the order dated 21/03/2018 passed by the CIT(A)-1, Noida for Assessment Year 2014-15.

Posted in Income Tax | 184 Views

Selection of option of Discounted Free Cash Flow method for valuation of shares

Poojitha Raam Vinay 10 November 2021 at 14:19

This is an appeal filed by the assessee against the order of ld. PCIT, Udaipur dated 01.02.2021 wherein the assessee has raised the following grounds of appeal.

Posted in Income Tax | 152 Views

When can an entity be excluded from the list of comparables?

Poojitha Raam Vinay 10 November 2021 at 14:19

The present appeal has been f i led by the Revenue against the order of the ld. CIT(A)-44, New Delhi dated 24.11.2017.

Posted in Income Tax | 136 Views

AO cannot make addition/assessment of the alleged income purely based on suspicion

Poojitha Raam Vinay 10 November 2021 at 14:19

This is an appeal filed by the assessee against the order of ld. CIT(A), Kota dated 06.03.2019

Posted in Income Tax | 168 Views

Is assessment order passed in the name of a nonexistent company sustainable in the eyes of law?

Poojitha Raam Vinay 26 October 2021 at 09:42

This appeal in ITA No.7066/Mum/2019 for A.Y.2016-17 arises out of the order by the ld. Commissioner of Income Tax (Appeals)-24, Mumbai in appeal No.CIT(A)-24/ITO-15(1)(1)/it-307/2018-19 dated 26/08/2019 (ld. CIT(A) in short) against the order of asse

Posted in Income Tax | 152 Views