Category: Income Tax Cases

Clipped from: https://taxguru.in/goods-and-service-tax/alternative-remedy-absolute-bar-violation-natural-justice.html Mahendra Sponge and Power Limited Vs Assistant Commissioner State Tax (SGST) (Chhattisgarh High Court) The Hon’ble Chhattisgarh High Court in the matter of M/s

Clipped from: https://www.taxscan.in/s-40a3-of-income-tax-act-cannot-be-invoked-when-no-single-transaction-exceeds-rs-20000-itat/245269/ The Income Tax Appellate Tribunal (ITAT), Kolkata ruled that the provisions of section 40A(3) of the Income Tax Act, 1961 cannot be attracted when there is not

Clipped from: https://www.taxscan.in/re-assessment-cannot-be-based-on-reason-to-suspect-itat-read-order/245245/ The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that the re-assessment under sections 147/148 of the Income Tax Act, 1961 shall be based on

Clipped from: https://taxguru.in/income-tax/co-op-societies-engaged-banking-business-eligible-section-80p-deduction-interest-income-bank-deposits.html M.P. Police Sakh Sahkari Sanstha Maryadit Vs PCIT (ITAT Indore) Co-operative societies engaged in banking business are eligible for deduction u/s. 80P on

Clipped from: https://taxguru.in/income-tax/invocation-section-147-untenable-absence-new-fresh-material-indicating-escapement-income.html Global Arkitekts P. Ltd. Vs ITO (ITAT Chennai) ITAT Chennai held that AO having chosen not to scrutinize the return cannot resort to

Clipped from: https://taxguru.in/income-tax/adjustment-incorrect-claim-apparent-information-return-permissible-u-s-143-1.html Sree Gokulam Chit and Finance Co. P. Ltd. Vs DCIT (ITAT Chennai) ITAT Chennai held that post amendment w.e.f. 01.04.2008, the scope of

lipped from: https://www.taxscan.in/any-action-of-income-tax-dept-violating-cbdt-instructions-untenable-in-law-itat/245094/ The Income Tax Appellate Tribunal (ITAT), Pune bench has held that any action of the income tax department violating the instructions of the CBDT is untenable under

lipped from: https://taxguru.in/income-tax/deduction-interest-loan-purchase-residential-home-possession-pending.html Mr. Abeezar Faizullabhoy Vs CIT (ITAT Mumbai) Appeal Number : ITA No.4831/MUM/2019, Date of Order : 01/09/2021 Issues Whether or not the assessee

Clipped from: https://taxguru.in/income-tax/addition-notional-rent-residential-asset-held-stock-in-trade.html ACIT Vs Balkrishna Shanmugham Chettiar Alias S. Balan (ITAT Pune) ITAT Pune held that addition of notional rental not sustainable as the residential

Clipped from: https://taxguru.in/income-tax/hc-upheld-section-68-addition-assessee-failed-prove-3-conditions.html Rupal Jain Vs CIT (Allahabad High Court) Considering the provision of Section 68 that the assessee has to prove three conditions i.e. (i)

Clipped from: https://taxguru.in/income-tax/deduction-u-s-54-eligible-respect-more-one-property.html K. Gopalakrishnan Vs ITO (ITAT Chennai) ITAT Chennai held that as per the ratio of decision of jurisdictional High Court in CIT V/s Gumanmal

Clipped from: https://taxguru.in/income-tax/assessee-challenge-reopening-notice-stage-challenging-consequential-assessment-order-hc.html Auroglobal Comtrade Private Limited Vs Chairman, CBDT & Others (Orissa High Court) HC declined to accept challenge to the Reopening notices under Section

Read More: https://www.taxscan.in/supreme-court-rules-writ-petition-can-be-entertained-to-examine-if-conditions-for-issuance-of-notice-u-s148-have-been-satisfied/244720/ Clipped from: https://www.taxscan.in/supreme-court-rules-writ-petition-can-be-entertained-to-examine-if-conditions-for-issuance-of-notice-u-s148-have-been-satisfied/244720/ The Supreme Court of India in a major ruling held that writ petition can be entertained to examine if conditions for

Clipped from: https://taxguru.in/income-tax/validity-assessment-order-passed-dead-person-brining-records-legal-heirs.html Legal Heirs of Late Sh Virendra Kumar Bhatnagar (Deceased) Vs ACIT (Delhi High Court) In the present case as admitted by the Respondent