Judgements and Orders, Supreme Court and High courts of India

Imposition of penalty u/s 271E and 271D of the Income Tax Act

Poojitha Raam Vinay 02 October 2021 at 13:17

The first set of 3 appeals relates to appeals arise out of imposition of penalty u/s.271E of the Act in relation to AY 2009-10 to 2011-12, while the second set of 3 appeals arise out of imposition of penalty u/s.271-D of the Act in relation to AY 20

Posted in Income Tax | 329 Views

Sending monthly sales figures hurriedly by 10th of every month is not a genuine reason for declaring lower sales

Poojitha Raam Vinay 02 October 2021 at 13:17

This appeal at the instance of the assessee is directed against the CIT(A)�s order dated 29.01.2019. The relevant assessment year is 2015-2016.

Posted in Income Tax | 108 Views

Provision to allow deduction u/s 80P(2)(a) of the Income Tax Act

Poojitha Raam Vinay 02 October 2021 at 13:17

This appeal at the instance of the assessee is directed against the CIT(A)�s order dated 30.03.2019. The relevant assessment year is 2016-2017.

Posted in Income Tax | 148 Views

Guidance value as per the provisions of section 50C of the I.T.Act for calculating capital gains

Poojitha Raam Vinay 02 October 2021 at 13:16

This appeal at the instance of the assessee is directed against the CIT(A)�s order dated 29.11.2019. The relevant assessment year is 2008-2009.

Posted in Income Tax | 115 Views

Condonation petition for belated filing of Form No.10 under the Income Tax Act

Poojitha Raam Vinay 02 October 2021 at 13:16

This appeal at the instance of the assessee is directed against the CIT(A)�s order dated 31.08.2020. The relevant assessment year is 2016-2017.

Posted in Income Tax | 112 Views

Is a co-operative society eligible to claim deduction u/s 80P of the Income Tax Act?

Poojitha Raam Vinay 02 October 2021 at 13:16

This appeal at the instance of the assessee is directed against the CIT(A)�s order dated 26.03.2021. The relevant assessment year is 2015-2016.

Posted in Income Tax | 154 Views

Accounting discrepancies cannot be termed as suppression of purchases in the strict sense

Poojitha Raam Vinay 02 October 2021 at 13:16

This appeal at the instance of the assessee is directed against the CIT(A)�s order dated 14.08.2017. The relevant assessment year is 2006-2007.

Posted in Income Tax | 131 Views

Is a taxpayer eligible for deduction u/s 80P of the Income Tax Act if it is registered under the Karnataka Souhardha Sahakari Act, 1997?

Poojitha Raam Vinay 02 October 2021 at 13:16

This appeal at the instance of the assessee is directed against the CIT(A)�s order dated 07.06.2021. The relevant assessment year is 2017-2018.

Posted in Income Tax | 108 Views

Which business restructuring can be termed as demerger under the Income Tax Act?

Poojitha Raam Vinay 02 October 2021 at 13:16

The present appeal filed by the Revenue and C.O. filed by the assessee feeling aggrieved by order of Ld. CIT(A)-2, Amritsar, on the ground mentioned in the memo of appeal and in Cross objection filed by the assessee.

Posted in Income Tax | 113 Views