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Whether the CIT(A) is justified in deleting the addition made on account of Agricultural Income when the revenue authorities have not disputed the land holding and agricultural activity thereon and a similar addition made in earlier A.Y was deleted by CIT(A) and revenue have not preferred appeal against the same.
DEPUTY COMMISSIONER OF INCOME TAX Vs. GHODAWAT INDUSTRIES (I) PVT LTD.
(2014) TaxCorp(LJ) 3494 (ITAT-PUNE) · Income Tax - Sections 68
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Whether Section 40A(3) of the Act is applicable in respect of payments which are made through the bank account in AXIS Bank Ltd through ATM as the creditor has withdrawn from the said Account through ATM and thereby no cash payment in involved.
Doshi Vijaykumar Motilal vs ITO
(2014) TaxCorp(LJ) 3402 (ITAT-PUNE)
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POSSESSION DATE VIS-À-VIS AGREEMENT-SALE - 'Physical possession date' as 'transfer date' of land, not date of agreement. S. 53A of the TPA would be triggered only if the transferee “has performed” or is unconditionally willing and ready to perform his part of the contract.
Dr. Arvind S. Phadke vs. ACIT
(2014) TaxCorp(LJ) 3367 (ITAT-PUNE)
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40(a)(ia) - Retrospectively or Prospectively –TDS paid on or before the due date specified in section 139(1), shall be allowed as a deduction.
Rock Tech Engineers vs ACIT
(2014) TaxCorp(LJ) 3224 (ITAT-PUNE) · 40(a)(ia)
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No disallowance u/s 40(a)(ia) on tax not deducted of amount being outstanding payment which represents the work-in-progress and not claimed as expenditure in the P&L Account.
ACIT vs Dreams Constructions
(2014) TaxCorp(LJ) 3214 (ITAT-PUNE) · Income Tax Section 40(a)(ia)
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Second proviso to Sec 40(a)(ia) inserted w.e.f. April 1, 2013, being clarificatory in nature, should have retrospective application.
ITO vs Gaurimal Mahajan & Sons
(2014) TaxCorp(LJ) 2741 (ITAT-PUNE) · Income Tax Section 40(a)(ia)
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ITAT upheld Ld. CIT(A) order granting S. 10B deduction even though approval was granted by STPI and not by Board appointed by Central Government.
ITO vs Cat Labs Pvt. Ltd
(2014) TaxCorp(LJ) 2658 (ITAT-PUNE) · Income Tax Section 10B
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S. 14A & Rule 8D: If AO does not deal with assessee’s arguments, it means that he had not reached objective satisfaction that assessee’s method is incorrect & cannot invoke Rule 8D
Kalyani Steels Ltd vs Addl. Commissioner of Income Tax
(2014) TaxCorp(LJ) 2613 (ITAT-PUNE) · Income Tax Section 14A r.w Rule 8D
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S. 80IB(10) - Since the project in the instant case was approved on 12-10-2001, i.e. prior to 01-04-2005, therefore, in view of the decision of Brahma Associates the amended provisions of section 80IB(10) w.e.f. 01-04-2005 restricting the commercial area in a housing project are not applicable in the present case and the assessee is eligible for deduction u/s.80IB(10) of the Act.
Kumar & Potnis Properties Pvt. Ltd vs DCIT
(2014) TaxCorp(LJ) 2607 (ITAT-PUNE) · Income Tax Section 80IB(10)
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S. 14A Recording of satisfaction is pre-requisite for invoking rule 8D
Kalyani Steels Ltd. Vs. Addl. Commissioner of Income Tax
(2014) TaxCorp(LJ) 2577 (ITAT-PUNE)
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Amount received by partner on retirement is exempt from capital gains tax
Income-tax Officer Vs. Shri Rajnish M Bhandari
(2013) TaxCorp(LJ) 2346 (ITAT-PUNE)
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Income-tax Officer vs A V Bhat Developers
(2013) TaxCorp(LJ) 2213 (ITAT-PUNE) · Income Tax Section 80IB(10)
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Income Tax Section 40A(3)
DCIT vs Shri Narendra Mithailal Agrawal
(2013) TaxCorp(LJ) 1788 (ITAT-PUNE) · Income Tax Section 40A(3)
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Income Tax Section 80P(2)(a)(i), 80P(2)(d)
ACIT vs Bajaj Auto Ltd., Employees Co-op. Credit Society Ltd
(2013) TaxCorp(LJ) 1781 (ITAT-PUNE) · Income Tax Section 80P(2)(a)(i), 80P(2)(d)
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Income Tax Section 2(31)
ITO vs Gammon Progressive
(2013) TaxCorp(LJ) 1643 (ITAT-PUNE) · Income Tax Section 2(31)
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Income Tax Section 2(14), 45(3), 50C - Capital gains provisions to stock-in-trade
Asst. Commissioner of Income Tax vs Ali Akbar Jafari (Pune)
(2013) TaxCorp(LJ) 1515 (ITAT-PUNE) · Income Tax Section 2(14), 45(3), 50C - Capital gains provisions to stock-in-trade
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Income Tax Section 37(1), 36(1)(vii)
ACIT vs GKN Sinter Metal Pvt. Ltd.
(2013) TaxCorp(LJ) 339 (ITAT-PUNE) · Income Tax Section 37(1), 36(1)(vii)
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