Category: Income Tax Cases

Clipped from: https://www.thehindubusinessline.com/economy/supreme-court-holds-section-271c-penalty-inapplicable-on-belated-remittance-of-tds/article66721095.ece This Apex court ruling to settle the air around the tax disputes related to similar cases and act as a breather to the

Clipped from: https://www.taxscan.in/itat-grants-benefit-of-cbdt-instruction-with-regard-to-jewellery-of-grand-mother/266863/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=ITAT%20grants%20benefit%20of%20CBDT%20Instruction%20with%20regard%20to%20Jewellery%20of%20Grand%20Mother By Aparna. M – On April 4, 2023 2:00 pm – 2 mins read The Delhi bench of Income Tax Appellate Tribunal (ITAT) granted benefit of Central Board of Direct Tax (CBDT)

Clipped from: https://taxguru.in/income-tax/disallowance-expenditure-mere-presumption-assumption-unsustainable.html DCIT Vs Curosis Healthcare Private Limited (ITAT Jaipur) ITAT Jaipur held that revenue has simply disallowed the expenditure in view of CBDT Circular

Clipped from: https://taxguru.in/income-tax/section-1432-notice-issued-ao-completes-assessment-due-date.html Divya Raghavan Vijayan Vs ACIT (ITAT Mumbai) even though in the order sheet it is written by the ACIT Circle-3 Kalyan that he

Clipped from: https://taxguru.in/excise-duty/placing-reliance-statements-unjustified-opportunity-cross-examination-granted.html Messrs Growmore Ceramics Pvt. Ltd. Vs C.C.E. & S.T. (CESTAT Ahmedabad) CESTAT Ahmedabad held that placing reliance on the statements unjustified as no

Clipped from: https://taxguru.in/income-tax/mere-change-opinion-valid-re-opening-assessment-u-s-148-income-tax-act.html CGS-CIMB Securities (India) P. Ltd. Vs CIT (Appeals), NFAC Mumbai (ITAT Mumbai) ITAT Mumbai held that re-opening of assessment under section 148 of

Clipped from: https://taxguru.in/income-tax/condonation-delay-condoning-huge-delay-granted-non-satisfying-reasons.html Matrix Sea Foods India Ltd Vs ACIT (ITAT Hyderabad) ITAT Hyderabad held that reasons given in the condonation application for the delay are

Clipped from: https://www.taxscan.in/4-days-to-appear-in-income-tax-office-is-inconsistent-with-mandatory-time-prescribed-u-s-148ab-punjab-haryana-hc-sets-aside-order/266506/ The Punjab and Haryana High Court (HC) in its recent case set aside the order since the 4 days to appear in Income

Clipped from: https://www.taxscan.in/tds-credit-in-respect-of-interest-received-from-deceased-wifes-deposit-cannot-be-denied-to-assessee-itat/266241/ By Aparna. M – On April 1, 2023 12:00 pm – 2 mins read The Cochin Income Tax Appellate Tribunal ( ITAT ) has recently held that the Tax

Clipped from: https://www.taxscan.in/reopening-of-income-tax-assessment-and-recalculation-of-capital-gains-without-fresh-notice-u-s-148-invalid-itat-quashes-proceedings/266255/ The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has recently held that reopening of the Income Tax Assessment of the assessee and recalculation of Capital

Clipped from: https://taxguru.in/income-tax/tax-audit-44ab-section-44ad-section-44ada-comparison.html The comparison of Section 44AB, 44AD and 44ADA will clarify the position of law after Finance Bill 2023 Section 44AB Applicable To : However

Clipped from: https://taxguru.in/income-tax/deduction-u-s-54f-deniable-ground-pre-owning-residential-house-foreign.html Smt. Maries Joseph Vs DCIT (ITAT Cochin) ITAT Cochin held that as per condition mentioned in section 54F deduction is not available if

Clipped from: https://taxguru.in/income-tax/delay-9-years-condoned-reasonable-cause-non-receipt-intimation.html M.K. Hotels & Resorts Ltd Vs ACIT (ITAT Amritsar) ITAT Amritsar held that non-receipt of intimation resulted into no action on the part

Clipped from: https://taxguru.in/income-tax/rectification-request-considered-assessing-officer.html Facts Mr. A received an intimation under Section 143(1) for the relevant assessment year. He realized that the credit of TCS claimed by

Clipped from: https://taxguru.in/income-tax/deemed-rent-addition-property-habitable.html Manindra Mohan Mazumdar Vs ACIT (ITAT Kolkata) CIT(A) while dealing with the assessee’s appeal casually dealt with the issue and in the finding

Clipped from: https://taxguru.in/income-tax/section-153c-assessments-based-invalid-notices-liable-quashed.html Malik Network & Computer P. Ltd. Vs ITO (ITAT Delhi) One of the controversies in the present case arises towards computation of limitation