Judgements by Guest

Power to reopen the case cannot be exercised on the basis of "reason to suspect" or to "scrutinize" the return or "verify" the accounts/claims

Guest 28 June 2021 at 14:47

These two revenue’s appeals ITA 525/H/19, ITA 526/Hyd/19 and assessee’s Cross Objection Nos. 20 & 21/H/19 therein for AY 2007-08 and 2008-09 arise against the CIT(A)-10, Hyderabad’s separate orders dated 11.01.2019 and 10.01.2019 passed in case nos.

Posted in Income Tax | 153 Views

Short term deposits cannot be taken at par with an international transaction u/s 92B of the Income Tax Act

Guest 28 June 2021 at 14:47

This assessee’s appeal for AY.2013-14 arises against the CIT(A)-6, Hyderabad’s order dt.01-08-2019 in appeal No.10079/2018-19/B3/CIT(A)-6, involving proceedings u/s.143(3) r.w.s.92CA(3) of the Income Tax Act, 1961 [in short,‘the Act’].

Posted in Income Tax | 129 Views

Vimala Reddy Adapa , Hyderabad Income Tax Officer, Ward-16(2), Hyderabad

Guest 28 June 2021 at 14:47

This assessee’s appeal for AY.2012-13 arises from the CIT(A)-4, Hyderabad’s order dated 08-11-2016 passed in case No.0225 / 12-13 / ITO, Wd.16(2) / CIT(A)-4 / Hyd / 16-17, in proceedings u/s.143(3) of the Income Tax Act, 1961 [in short,‘the Act’].Cas

Posted in Income Tax | 126 Views

Computation of Disallowance on Investments under the Income Tax Act

Guest 28 June 2021 at 14:47

This appeal filed by the assessee is directed against CIT(A) – 3, Hyderabad’s order dated 14/10/2019 for AY 2016-17 involving proceedings u/s 143(3) of the Income Tax Act, 1961 ; in short “the Act” on the following grounds:

Posted in Income Tax | 127 Views

Dy. Commissioner of Income Tax , Circle-1(1), Hyderabad ADP Private Limited , Hyderabad

Guest 28 June 2021 at 14:47

This is Revenue’s appeal for the A.Y 2009-10 against the order of the CIT (A)-2, Guntur, dated 31.10.2019.

Posted in Income Tax | 110 Views

Vision Life Science Private Limited , Hyderabad Income Tax Officer, Ward-17(4) , Hyderabad

Guest 28 June 2021 at 14:47

This appeal filed by the assessee is directed against CIT(A) – 5, Hyderabad’s order, dated 16/12/2019 for AY 2016-17 involving proceedings u/s 143(3) of the Income Tax Act, 1961 ; in short “the Act”.

Posted in Income Tax | 121 Views

Criteria for Condonation of Delay in Filing the Income Tax Appeal

Guest 28 June 2021 at 14:47

This appeal filed by the assessee is directed against CIT(A), Kurnool’s order dated 23/12/2019 for AY 2016-17 involving proceedings u/s 143(3) of the Income Tax Act,1961 ; in short “the Act” on the following grounds:

Posted in Income Tax | 431 Views

Does violation of provisions of section 11(5) and 13, be a basis for cancellation of registration u/s 12A of the IT Act?

Guest 25 June 2021 at 10:30

This appeal filed by the assessee for the assessment year NIL is directed against the order of learned DIT(Exemptions), Delhi dated 19.07.2011. The assessee has raised following grounds of appeal:-

Posted in Income Tax | 166 Views

Can AO direct to adopt the generation of Scrap after reducing the amount on which no scrap is generated?

Guest 25 June 2021 at 10:30

This appeal filed by the assessee is directed against the order dated 30th June,2016 of the CIT(A), Muzaffarnagar, relating to assessment year 2012-13.

Posted in Income Tax | 103 Views

In the absence of any revised return under the IT Act, no claim of the assessee could be considered by way of a simple letter

Guest 25 June 2021 at 10:30

Aggrieved by the order dated 19.03.2018 passed by the learned Commissioner of Income Tax (Appeals)-12, New Delhi ("Ld. CIT(A)") for the assessment year 2013-14, Modern Papers (“the assessee”) filed this appeal.

Posted in Income Tax | 127 Views