Judgements and Orders, Supreme Court and High courts of India

ACIT LTU 2, CHENNAI NLC India Limited, Neyveli

Guest 23 February 2021 at 10:21

These cross appeals filed by the assessee, as well as the Revenue are directed against separate, but identical orders ofthe Commissioner of Income Tax (Appeals)-5, Chennai bothdated 27.12.2017 and pertain to assessment years 2013-14 & 2014-15. Since,

Posted in Income Tax | 107 Views

V. Vasanthi - Dismissal of appeals filed by the assessee as withdrawn under VSV Scheme 2020

Guest 23 February 2021 at 10:21

This bunch of six appeals filed by different assessees are directed against orders of learned Commissioner of Income Tax (Appeals),Chennai /Madurai of even dated 22.10.2019/ 01.02.2019 /02.07.2019 for respective assessment years.

Posted in Income Tax | 98 Views

Does Assessment of license fee come under the head ‘Income from business or profession’?

Guest 23 February 2021 at 10:21

This appeal filed by the assessee is directed against the order of the Commissioner of Income Tax (Appeals)-1, Chennai, dated 30.07.2018 and pertains to assessment year 2014-15.

Posted in Income Tax | 111 Views

Deleting the addition made towards compensation received for termination of contract manufacturing agreement

Guest 23 February 2021 at 10:21

This appeal filed by the assessee is directed against the order of the Commissioner of Income Tax (Appeals)-15, Chennai, dated 30.10.2019 and pertains to assessment year 2007-08.

Posted in Income Tax | 119 Views

HIMP Educational Trust - Liberty given to the assessee to restore the appeals under VSVS Scheme, 2020

Guest 23 February 2021 at 10:21

This bunch of six appeals filed by different assessees aredirected against orders of learned Commissioner of Income Tax(Appeals),Chennai /Madurai of even dated 22.10.2019/ 01.02.2019 /02.07.2019 for respective assessment years.

Posted in Income Tax | 111 Views

Exclusion of small scale ice cream manufacturers from composition scheme benefit to be reconsidered by GST Council

Bimal Jain 23 February 2021 at 09:49

The Hon'ble Delhi High Court in Del Ice Cream Manufacturers Welfare's Association v. Union of India and Anr. [Writ Petition No. 5252/2019 and others dated February 9, 2021] directed the GST Council to reconsider the exclusion of small scale manufactu

Posted in GST | 156 Views

Disallowance of interest expenditure is warranted if assessee has not made any new investment during the year

Guest 22 February 2021 at 13:03

The present appeal has been preferred by the assessee against the order dated 27.02.2020 of the Commissioner of Income-tax (Appeals)-20, Kolkata [hereinafter referred to as ‘CIT(A)’].

Posted in Income Tax | 100 Views

Shirish Gunvantrai - Availing of the Vivad Se Vishwas Scheme, 2020 by the assessee

Guest 22 February 2021 at 13:03

This is an appeal filed by the Assessee against the order of the Commissioner of Income-tax (Appeals)-10, Kolkata dated 27.06.2019.

Posted in Income Tax | 129 Views

Profit earned by the assessee in the sale of rights is to be treated as capital gains

Guest 22 February 2021 at 13:03

The present appeal has been preferred by the assessee against the order dated 27.02.2020 of the Commissioner of Income-tax (Appeals)-8, Kolkata [hereinafter referred to as ‘CIT(A)’].

Posted in Income Tax | 123 Views