Clipped from: https://taxguru.in/custom-duty/adjudicating-authority-scope-scn-cestat.html Suraj Electronics P. Ltd. Vs Commissioner of Customs (Imports) (CESTAT Chennai) It is noticed by Commissioner (Appeals) that stay was granted waiving the
Category: Income Tax Cases
👍Cross examination cannot be denied stating that no purpose will be achieved
Clipped from: https://taxguru.in/custom-duty/cross-examination-denied-stating-purpose-achieved.html Pravin Tex Vs Commissioner of Customs (Seaport – Export) (CESTAT Chennai) It is seen that there is complete violation of the principles of
👍👍👍Assessee has to prove that more than one residential house is not owned at the time of claiming deduction u/s 54F
Clipped from: https://taxguru.in/income-tax/assessee-prove-one-residential-house-owned-time-claiming-deduction-u-s-54f.html DCIT Vs Smt. Syama Reddy Malireddy (ITAT Hyderabad) ITAT Hyderabad held that for the purpose of claiming deduction u/s 54F of the Act,
👍👍👍👍👍Amendment to Section 43B by Finance Act 2023 & its implication on business
Clipped from: https://taxguru.in/income-tax/amendment-section-43b-finance-act-2023-implication-business.html CA Mahesh Agarwal Through the Finance Act 2023 a new clause (h) has been added to Sec. 43B of the Income Tax Act and is
👍👍👍👍👍Courts shall not go strictly by the Rulebook to deny justice
Clipped from: https://www.taxscan.in/courts-shall-not-go-strictly-by-the-rulebook-to-deny-justice-to-deserving-litigant-as-it-would-lead-to-miscarriage-of-justice-itat/270859/ Top Stories Courts shall not go strictly by the Rulebook to deny Justice to Deserving Litigant as it would lead to Miscarriage of
👍Interest paid on delayed payment of TDS not penal in nature: ITAT Allows Deduction u/s 37
Clipped from: https://www.taxscan.in/interest-paid-on-delayed-payment-of-tds-not-penal-in-nature-itat-allows-deduction-u-s-37/270819/ Top Stories The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has allowed the deduction under Section 37 of the Income Tax Act 1961 holding that the
Distributor Not Required to Deduct TDS on Payment of Turnover Discount to Dealers u/s 194H of Income Tax Act: ITAT
Clipped from: https://www.taxscan.in/distributor-not-required-to-deduct-tds-on-payment-of-turnover-discount-to-dealers-u-s-194h-of-income-tax-act-itat-read-order/271284/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Distributor%20Not%20Required%20to%20Deduct%20TDS%20on%20Payment%20of%20Turnover%20Discount%20to%20Dealers%20u/s%20194H%20of%20Income%20Tax%20Act:%20ITAT Top Stories The Income Tax Appellate Tribunal (ITAT), Kolkata bench has held that the discount paid to dealers by the distributor in the nature of turnover discount
No Addition can be made Against Individual for Cash Deposit of Tuition Fee received from Students during Demonetization Period: ITAT
Clipped from: https://www.taxscan.in/no-addition-can-be-made-against-individual-for-cash-deposit-of-tuition-fee-received-from-students-during-demonetization-period-itat-read-order/271364/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20Addition%20can%20be%20made%20Against%20Individual%20for%20Cash%20Deposit%20of%20Tuition%20Fee%20received%20from%20Students%20during%20Demonetization%20Period:%20ITAT Top Stories The Income Tax Appellate Tribunal (ITAT), Mumbai bench, has deleted an addition under section 69A of the Income Tax Act, 1961 in respect of cash deposit
👍👍👍No section 271B penalty for not getting Account Audited due to health issues
Clipped from: https://taxguru.in/income-tax/section-271b-penalty-account-audited-due-health-issues.html Suryavathi Gandiboina Vs ACIT (ITAT Hyderabad) A perusal of the various details filed by the assessee shows that the assessee was not keeping
👍👍👍👍👍Addition u/s. 68 merely based on SMS or WhatsApp messages without corroborative evidence unsustained
Clipped from: https://taxguru.in/income-tax/addition-u-s-68-based-sms-whatsapp-messages-corroborative-evidence-unsustained.html Atul Tantia Vs DCIT (ITAT Kolkata) ITAT Kolkata held that addition towards undisclosed income u/s 68 of the Income Tax Act merely based
👍👍👍👍👍Time limit for issue of section 149 notice is in respect of Section 148
Clipped from: https://taxguru.in/income-tax/time-limit-issue-section-149-notice-respect-section-148.html Sylph Technologies Limited Vs Principal Chief Commissioner of Income Tax (Madhya Pradesh HC) The time limit for issue of notice under section 149
Deduction u/s 54F not Allowable if Assessee has More Than a Residential House at the Time of Claiming the Deduction: ITAT
Read More: https://www.taxscan.in/deduction-u-s-54f-not-allowable-if-assessee-has-more-than-a-residential-house-at-the-time-of-claiming-the-deduction-itat/270581/ Clipped from: https://www.taxscan.in/deduction-u-s-54f-not-allowable-if-assessee-has-more-than-a-residential-house-at-the-time-of-claiming-the-deduction-itat/270581/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Deduction%20u/s%2054F%20not%20Allowable%20if%20Assessee Top Stories Deduction u/s 54F not Allowable if Assessee has More Than a Residential House at the Time of Claiming the
👍👍👍👍👍Co-op society entitled for deduction u/s. 80P(2)(d) in respect of interest received from co-op banks
Clipped from: https://taxguru.in/income-tax/co-op-society-entitled-deduction-u-s-80p2d-respect-interest-received-co-op-banks.html Ishwar Bhavan Cooperative Housing Society Ltd Vs CIT(A) (ITAT Mumbai) By placing reliance on the co-ordinate Bench decision of this Tribunal in the
👍👍👍👍👍HC set aside Income Tax Notice issued & Order passed on dissolved LLP
Clipped from: https://taxguru.in/income-tax/hc-set-aside-income-tax-notice-issued-order-passed-dissolved-llp.html Lotus Law Partners LLP Vs ITO (High court of Delhi) Via this writ petition, a challenge is laid to notice dated 14.03.2022 issued under
👍👍👍👍👍Section 54 exemption cannot be denied for acquiring new house in wife’s name
Clipped from: https://taxguru.in/income-tax/section-54-exemption-denied-acquiring-house-wifes-name.html Income Tax Officer Vs Shri Julius (ITAT Chennai) ITAT held that acquisition of new house in wife’s name would not jeopardise Section 54
👍👍👍👍👍Section 75(4) U.P. GST Act is Mandatory, Even if no Demand in Writing for Hearing is made out: Allahabad HC Quashes Order
Clipped from: https://www.taxscan.in/section-754-u-p-gst-act-is-mandatory-even-if-no-demand-in-writing-for-hearing-is-made-out-allahabad-hc-quashes-order/269641/ Top Stories By Aparna. M – On April 17, 2023 1:00 pm – 2 mins read In a significant case, the Allahabad High Court held that section
👍👍👍👍👍Delhi HC Set Aside Section 148A(d) Order Passed without Considering Reply of Assessee: Directs de novo exercise
Clipped from: https://www.taxscan.in/delhi-hc-set-aside-section-148ad-order-passed-without-considering-reply-of-assessee-directs-de-novo-exercise/269531/ Income Tax The Delhi Bench of High Court has set aside the order passed under Section 148A(d) of the Income Tax Act 1961
👍👍👍👍👍Proceedings initiated & orders passed in the name of dead person is invalid
lipped from: https://taxguru.in/income-tax/proceedings-initiated-orders-passed-name-dead-person-invalid.html Parmanand Jamnadas Kapadia (Legal Heir Mr. Harit P. Kapadia) Vs ITO (ITAT Mumbai) Admittedly notice under section 148 has been issued and also
👍👍👍Denial of exemption u/s 80P of Income Tax Act just because of belated filing of return not justifiable
Clipped from: https://taxguru.in/income-tax/denial-exemption-u-s-80p-income-tax-act-because-belated-filing-return-justifiable.html Ambaradi Seva Sahkari Mandali Ltd. Vs DCIT (CPC) (ITAT Rajkot) ITAT Rajkot held that denying the exemption under Section 80P of the Income
👍👍👍Orders passed without affording adequate personal hearing are quashed for fresh consideration
Clipped from: https://taxguru.in/goods-and-service-tax/orders-passed-affording-adequate-personal-hearing-quashed-fresh-consideration.html Murugan Electrical Stores Vs Assistant Commissioner (ST) (FAC) (Madras High Court) Madras High Court held that as the personal hearing has not been
