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Provision made by the assessee for bad and doubtful debts is only a provision, but not actual written off of bad debts which is irrecoverable.
Tamil Nadu Generation and Distribution Corporation Ltd Vs Assistant Commissioner of Income Tax
(2022) TaxCorp(LJ) 28618 (ITAT-CHENNAI)
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Assessee could not be treated as assessee-in-default and thus, revenue is directed to delete the demand of tax and interest.
Nadiadwala Grandson Entertainment Pvt Ltd. Vs ITO (TDS)
(2022) TaxCorp(LJ) 28617 (ITAT-MUMBAI) · Sections 192, 194J
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Within eight weeks fresh order disposing objections shall passed after granting a hearing and all further proceedings will depend upon the final outcome of such order.
Kasturi Towers Private Ltd Vs Income Tax Officer
(2022) TaxCorp(LJ) 28616 (HC-CALCUTTA)
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In view of the HC order quashing the CBI chargesheet and findings that there was no payment of bribery and that sum of Rs. 2 Cr found in the possession of the middleman was explained as proceeds of sale of agricultural land, there could be no addition of Rs.2 Cr as undisclosed income.
Gian Sagar Educational & Charitable Trust Vs DCIT
(2022) TaxCorp(LJ) 28609 (ITAT-DELHI)
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It was not the case of absolute non-appearance since the Assessee furnished the requisite details on learning about the assessment proceedings.
Triumph International Finance India Limited Vs Dy. Commissioner of Income Tax
(2022) TaxCorp(LJ) 28602 (ITAT-MUMBAI) · Section 272A(1)(d)
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Taxability of sum in bank account in Dubai is beyond Revenue’s jurisdiction as the Assessee is an NRI.
Sandeep Dhirajlal Dhakan Vs ITO(IT)-2( 1)( 1)
(2022) TaxCorp(LJ) 28601 (ITAT-MUMBAI)
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Revenue can go ahead against the assessee in case if that is necessary, in accordance with law depending upon the order passed by ITAT.
Taqa Neyveli Power Company Private Limited Vs Principal Commissioner of Income Tax
(2022) TaxCorp(LJ) 28599 (HC-MADRAS)
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If the technical knowledge or skills could not be applied at a later stage by the utiliser of the service on its own then the services provided cannot be said to be made available to qualify as FTS.
Star Rays Vs The Income Tax Officer
(2022) TaxCorp(LJ) 28592 (ITAT-SURAT)
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The payment made to a person outside India for earning income from any source outside India would not require TDS under Section 195 since the income of recipient would be excluded from the deeming provisions of Section 9(1).
Tractors and Farm Equipment Ltd Vs DCIT
(2022) TaxCorp(LJ) 28591 (ITAT-CHENNAI)
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Listing of appeal before HC on Apr 18, 2022 for early disposal is being directed.
Motisons Entertainment India Pvt. Ltd Vs PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL)
(2022) TaxCorp(LJ) 28590 (SC)
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No question of law arises and that the penalty imposed cannot be construed as erroneous and unwarranted.
Jayanti Dalmia Vs DY. COMMISSIONER OF INCOME TAX
(2022) TaxCorp(LJ) 28589 (HC-DELHI) · Section 142(1)
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Mere rendering of services would not be taxable unless the person receiving the services is enabled to utilize such services on its own in the future without having recourse to the person providing the service.
Hindustan Aeronautics Ltd Vs The Asst. Commissioner of Income Tax
(2022) TaxCorp(LJ) 28588 (ITAT-BANGALORE)
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Assessee has been following a consistent accounting policy of recognizing unearned revenue in each financial year, and offering it for tax as and when services are rendered and/or goods are sold.
Ericsson India Private Limited Vs ASSISTANT COMMISSIONER OF INCOME TAX
(2022) TaxCorp(LJ) 28587 (HC-DELHI) · Section 241A
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Revenue has the power to make requisition for taking over possession or control of such assets from any officer or authority, if the said income or property is not duly disclosed.
Jahar Singh Gurjar Vs The State of M.P. & Another
(2022) TaxCorp(LJ) 28586 (HC-MP)
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Though the statute under which the Agra Development Authority has been constituted is the UP Urban Planning and Development Act 1973, the same principle which has been laid down in the judgment of this Court in Canara Bank (supra), would govern the present case.
Union Bank of India Vs Additional Commissioner of Income Tax
(2022) TaxCorp(LJ) 28585 (SC)
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The case of the assessee is covered by second proviso to section 40(a)(ia) and hence the disallowance made cannot be sustained.
BUDH SINGH GULAB SINGH VERSUS INCOME TAX OFFICER, WARD-29 (8) NEW DELHI
(2022) TaxCorp(LJ) 28584 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=96043&Category=ITAT&CategoryType=Zip
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Any excess expenditure incurred by trust/charitable institution in earlier assessment year would be allowed to be set off against income of subsequent years by invoking section 11 of the Act.
M/S. NAVAJBHAI RATAN TATA TRUST VERSUS ADDL. DIRECTOR OF INCOME TAX (EXEMP.) RANGE–II, (NOW ASSESSED BY THE ASSTT. COMMISSIONER OF INCOME TAX CIRCLE–17 (2) , MUMBAI)
(2022) TaxCorp(LJ) 28583 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=96046&Category=ITAT&CategoryType=Zip
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The High Court was not right and justified in disposing of the appeal with one paragraph order without discussing the issues which arose for consideration.
PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL) VERSUS M/S. MOTISONS ENTERTAINMENT INDIA PVT. LTD.
(2022) TaxCorp(LJ) 28581 (SC) · https://taxcorp.in/FileOpenDT.aspx?ID=86760&Category=Judgment&CategoryType=Zip
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Assesse is directed to maintain USD 10 Mn under an Escrow account to meet any tax requirements likely to result from a Master Merger Agreement.
Business Process Outsourcing, LLC Vs The Authority For Advance Rulings
(2022) TaxCorp(LJ) 28580 (HC-BOMBAY)
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No useful purpose would be served by giving Revenue an opportunity to file counter affidavit whereas Revenue will be liberty to take action in accordance with law in case of availability of any fresh material.
KURZ INDIA PRIVATE LIMITED Vs PRINCIPAL COMMISSIONER OF INCOME TAX -5, NEW DELHI & ORS.
(2022) TaxCorp(LJ) 28579 (HC-DELHI)
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