Judgements and Orders, Supreme Court and High courts of India

Disallowance on account of interest on loan for non-deduction of TDS under the Income Tax Act

Poojitha Raam Vinay 23 September 2021 at 15:01

This appeal is filed by the assessee for assessment year 2014-15 against the order passed by the learned Commissioner of Income Tax (Appeals)-1, Gurgaon dated 6th March 2018.

Posted in Income Tax | 163 Views

Disallowance on account of liquidated damages under the Income Tax Act

Poojitha Raam Vinay 23 September 2021 at 15:01

This appeal by Assessee is filed against the order of Learned Commissioner of Income Tax (Appeals)-3, New Delhi, [“Ld. CIT(A)”, for short], dated 25.09.2018 for Assessment Year 2015-16.

Posted in Income Tax | 173 Views

Long Term Capital Gain as Unexplained Cash Credit u/s 68 of the Income Tax Act

Poojitha Raam Vinay 23 September 2021 at 15:01

This appeal by Assessee is filed against the order of Learned Commissioner of Income Tax (Appeals)-9, New Delhi, [�Ld. CIT(A)�, for short], dated 12.10.2018 for Assessment Year 2015-16.

Posted in Income Tax | 159 Views

Disallowance made u/s 14A of the Income Tax Act, 1961 for computing book profit u/s 115JB

Poojitha Raam Vinay 23 September 2021 at 15:01

This appeal by the assessee is preferred against the order of the Commissioner of Income Tax [Appeals] � I, New Delhi dated 29.03.2019 pertaining to assessment year 2014-15.

Posted in Income Tax | 146 Views

Is interest only upto Rs.1,50,000/- allowable on housing loan u/s 24 of the Income Tax Act?

Poojitha Raam Vinay 23 September 2021 at 15:00

This appeal by the assessee is preferred against the order of the Commissioner of Income Tax [Appeals] � 13, New Delhi dated 25.06.2019 pertaining to assessment year 2014-15.

Posted in Income Tax | 132 Views

Upholding the levy of penalty u/s 271(1)(b) of the Income tax Act, 1961

Poojitha Raam Vinay 23 September 2021 at 15:00

This appeal by the assessee is preferred against the order of the Commissioner of Income Tax [Appeals] � 13, New Delhi dated 24.06.2019 pertaining to assessment year 2010-11.

Posted in Income Tax | 84 Views

Cenvat allowed on steel items used in fabrication of capital goods and their accessories inside manufacturing premises

Bimal Jain 22 September 2021 at 16:44

In M/s Jai Balaji Industries Limited v. Commissioner of Central Excise, Customs& Service Tax, Durgapur [Final Order No.75548/2021 dated August 25, 2021], M/s Jai Balaji Industries Limited ("the Appellant") has filed the current appeal being aggrieved

Posted in Excise | 238 Views

No penalty applicable if Service Tax was paid in cash immediately after the direction of Auditor

Bimal Jain 22 September 2021 at 15:51

In Sud Chemie Pvt. Ltd. v. Commissioner of Central Excise, Vadodra [Service Tax Appeal No.10021 of 2019 dated September 02, 2021], Sud Chemie Pvt Ltd ("the Appellant") filed an appeal against the Order No. OIA-VAD-EXCUS-001-APP-287-2018-19 dated Augu

Posted in Audit | 365 Views

CSR expenses incurred to make donations to Trusts eligible for deduction

Bimal Jain 22 September 2021 at 15:51

In JMS Mining (P.) Ltd. v. Principal Commissioner of Income-tax, Kolkata-2 [IT APPEAL NO. 146 (KOL.) OF 2021 dated July 22, 2021], the current appeal has been filed against the orderdated March 30, 2021 ("the Impugned order") passed by Ld. Principal

Posted in Income Tax | 177 Views

Salary of a person staying in India for more than 182 days being Resident is subject to Income tax

Bimal Jain 22 September 2021 at 15:50

In Tapas Kumar Basak v. Assistant Director of Income Tax, International Taxation-II &Ors. [W.P.O. No. 931 of 2007, dated September 16, 2021], Tapas Kumar Basak("the Petitioner")has challenged the impugned order dated January 25, 2007 passed by the Di

Posted in Income Tax | 237 Views