Judgements and Orders, Supreme Court and High courts of India

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 | 212 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 | 138 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 | 99 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 | 124 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

Criteria for treating cash deposits under the head �income from other sources�

Poojitha Raam Vinay 10 August 2021 at 08:44

This is assessee�s appeal filed against the order of CIT(A)-7, Hyderabad dated 26.11.2018 relating to A.Y. 2014-15.

Posted in Income Tax | 136 Views

Does execution of the registered sale deed accounts for transfer of property?

Poojitha Raam Vinay 10 August 2021 at 08:44

This is assessee's appeal for the Assessment Year 2008-09 against the order of Commissioner of Income Tax (Appeals)-8, Hyderabad Dt.15.11.2019 confirming the addition made by the Assessing Officer.

Posted in Income Tax | 97 Views