Judgements and Orders, Supreme Court and High courts of India

Cash in hand to be shown in the Income Tax Return

Poojitha Raam Vinay 07 August 2021 at 18:54

This appeal filed by the assessee is directed against the ex parte order dated 7th June, 2019 of the CIT(A)-15, New Delhi, relating to assessment year 2016-17.

Posted in Income Tax | 149 Views

Depreciation under section 11(6) of the Income Tax Act, 1961

Poojitha Raam Vinay 07 August 2021 at 18:54

This appeal filed by the assessee is directed against the ex parte order dated 28th August, 2019 of the CIT(A), Ghaziabad, relating to assessment year 2015-16.

Posted in Income Tax | 145 Views

M/s. Nandan VSP Developers,, Pune

Poojitha Raam Vinay 07 August 2021 at 18:53

This appeal by the assessee against the order dated 25-04-2018 passed by the Commissioner of Income Tax (Appeals)-3, Pune [„CIT(A)‟] for assessment year 2014-15.

Posted in Income Tax | 102 Views

Assessee appeals that order under section 27ID of the Income Tax Act was barred by limitation and therefore, deserved to be quashed

Poojitha Raam Vinay 07 August 2021 at 18:52

This appeal is filed by the assessee against the order of the ld CIT(A)-8, New Delhi [ The ld CIT (A)] dated 15.01.2020 wherein, the appeal filed by the assessee against the order passed u/s 271D of the Income Tax Act, 1961 [ The Act] by the Joint

Posted in Income Tax | 112 Views

Disallowance of interest of CC account, for capital advances for purchase of assets

Poojitha Raam Vinay 07 August 2021 at 18:51

This is an appeal by the assessee against the order dt. 01/06/2019 of the Ld. CIT(A)-3, Ludhiana.

Posted in Income Tax | 108 Views

Can arm’s length price of AMP expenditure be determined by applying the Bright Line Test method?

Poojitha Raam Vinay 07 August 2021 at 18:51

The assessee to explain why the arm’s length price (ALP) of the AMP expenditure should not be determined by applying the Bright Line Test (BLT) method.

Posted in Income Tax | 98 Views

Applicability of GST on Repair & Maintenance and Sinking Fund

Bimal Jain 07 August 2021 at 09:45

In M/s. Forest County Co-operative Housing Society Ltd. [GST-ARA, Application No. 65 dated November 26, 2019], M/s. Forest County Co-operative Housing Society Ltd. ('the Applicant') has sought an advance ruling on the issue of applicability of GST on

Posted in GST | 149 Views

12% GST to be levied on Manufacturing feeder, Drying machine, Cleaning & Grading Machine, Pre-stem remover and 18% GST on Automatic Weighing Machine

Bimal Jain 07 August 2021 at 09:45

In M/s. Wave Colour Techniks, [Advance Ruling No. KAR ADRG 29/2021 decided on June 07, 2021], M/s. Wave Colour Techniks ('the Applicants') has sought an advance ruling on the GST applicable on the machines namely Automatic Feeder with Breaker, Pre-wa

Posted in GST | 116 Views

Disallowance made by denying accumulation u/s.11(2) of the Act

Poojitha Raam Vinay 07 August 2021 at 09:44

This appeal in ITA No.4612/Mum/2019 for A.Y.2014-15 arises out of the order by the ld. Commissioner of Income Tax (Appeals)-1, Mumbai in appeal No.CIT(A)-1/143/DCIT(CPC)/2018-19 dated 16/05/2019 (ld. CIT(A) in short) against the order of assessment p

Posted in Income Tax | 158 Views

Can an international transaction applied at Transactional Net Margin Method be considered at arm's length?

Poojitha Raam Vinay 07 August 2021 at 09:42

The assessee, a resident company, is engaged in the business of shipping agency. For the assessment year under dispute, assessee filed its return of income on 30.11.2011 declaring total income of Rs.4,58,57,900/-.

Posted in Income Tax | 138 Views