-
The reasons based on which the CIT(A) concluded that the set up was an expansion of the old unit and not a new unit were not compliant with the tests formulated in the aforesaid rulings and applied in the instant case.
Sociedade De Fomento Industrial Pvt. Ltd Vs THE COMMISSIONER OF INCOME TAX
(2022) TaxCorp(LJ) 28255 (SC) · Section 10B
-
Amendment u/s 11(7) preventing a trust from claiming exemption u/s 10(34) is applicable w.e.f. AY 2015-16 and cannot be made applicable to earlier years.
Navajbhai Ratan Tata Trust Vs Asst. Commissioner of Income Tax
(2022) TaxCorp(LJ) 28254 (ITAT-MUMBAI)
-
Reassessment order passed by the JCIT, Range-17, Mumbai is void-ab-initio and liable to be quashed, because the A.O who had passed the assessment order does not possesses valid authority and jurisdiction to pass such order in absence of separate order u/s 120(4)(b).
The Indian Hotels Company Ltd Vs The Additional Commissioner of Income Tax / Dy. Commissioner of Income Tax (OSD)
(2022) TaxCorp(LJ) 28253 (ITAT-MUMBAI)
-
Ideally AO should have adjusted the outstanding demand against refunds payable.
Genpact India Private Limited Vs PRINCIPAL COMMISSIONER OF INCOME TAX-4 & ORS.
(2022) TaxCorp(LJ) 28252 (HC-DELHI)
-
Directions of the PCIT beyond the scope of scrutiny not legally valid.
Manoj Singhal Vs Pr. CIT
(2022) TaxCorp(LJ) 28251 (ITAT-DELHI) · Section 263
-
Leave encashment is not a statutory liability but a contractual liability and hence does not attract Section 43B.
GBTL Ltd Vs DCIT
(2022) TaxCorp(LJ) 28250 (ITAT-MUMBAI)
-
It was an undisputed fact that the AE paid the salary to Tim and Matt, complied with TDS requirements and Tim and Matt also filed their return of income in India.
Lubrizol Advanced Materials Inc Vs A.C.I.T
(2022) TaxCorp(LJ) 28249 (ITAT-AHMEDABAD)
-
Unless such a satisfaction, as envisaged under Section 12AA of the Act of 1961 is recorded by the Commissioner, a direction for its registration should not be given by the Tribunal.
Doctor Madan Lal Atri Charitable Trust Vs CIT
(2022) TaxCorp(LJ) 28248 (ITAT-AGRA) · Section 12AA
-
The condition for registration u/s 12AA, i.e. genuineness of the activities is to be decided with the object clause of institution.
Building Committee (Society) Barnala Vs CIT (Exemption)
(2022) TaxCorp(LJ) 28247 (ITAT-CHANDIGARH) · Section 2(15)
-
The amendment of Finance Act, 2014 is prospective and applicable w.e.f. April 1, 2015.
Prima Private Limited Vs The Assistant Commissioner of Income Tax
(2022) TaxCorp(LJ) 28246 (ITAT-PUNE) · Section 54EC
-
The Assessing Officer has ignored the various documentary evidences which were in favour of the assessee.
INCOME TAX OFFICER 1 (3) VERSUS RENU AGARWAL AND INCOME TAX OFFICER 1 (3) VERSUS SHRI RAJ KUMAR AGARWAL
(2022) TaxCorp(LJ) 28245 (ITAT-LUCKNOW) · https://taxcorp.in/FileOpenDT.aspx?ID=95233&Category=ITAT&CategoryType=Zip
-
When the assessee has deposited ₹ 15 lakhs of capital gain in purchasing the Bond of NHAI before due date of filing of return of income under section 139(4), his claim for exemption under section 54F was not to be disallowed.
SHRI SABBIRBHAI DAWOODBHAI SHAIKH VERSUS INCOME TAX OFFICER, WARD- 3 (1) (4) , SURAT
(2022) TaxCorp(LJ) 28244 (ITAT-SURAT) · https://taxcorp.in/FileOpenDT.aspx?ID=95240&Category=ITAT&CategoryType=Zip
-
Expenditure incurred by the assessee for the purpose of earning the income, under the head income from other sources should be allowed as a deduction under section 57(iii).
MADANLAL MULCHA NDAS JARIWALA VERSUS THE ITO, WARD-2 (2) (3) , SURAT.
(2022) TaxCorp(LJ) 28243 (ITAT-SURAT) · https://taxcorp.in/FileOpenDT.aspx?ID=95242&Category=ITAT&CategoryType=Zip
-
When an order is rectified by an order of rectification u/s.154 of the Act, the time limit is to be reckoned as per the provisions of Section 154(7) of the Act.
SHRI P.S. JAGDISH, C/O. SHRI T.N. SEETHARAMAN, ADVOCATE VERSUS THE DCIT, CORPORATE CIRCLE 2 (2), CHENNAI
(2022) TaxCorp(LJ) 28242 (ITAT-CHENNAI) · https://taxcorp.in/FileOpenDT.aspx?ID=95243&Category=ITAT&CategoryType=Zip
-
Tribunal was right in affirming the order passed by the CIT(A) and dismiss the appeal filed by the Revenue.
PRINCIPAL COMMISSIONER OF INCOME TAX, KOLKATA-4 VERSUS M/S. STANDARD LEATHER PVT. LTD.
(2022) TaxCorp(LJ) 28241 (HC-CALCUTTA) · https://taxcorp.in/FileOpenDT.aspx?ID=86426&Category=Judgment&CategoryType=Zip
-
Transfer of the business undertaking as a going concern constitutes transfer of capital asset.
PRINCIPAL COMMISSIONER OF INCOME TAX-3, KOLKATA VERSUS M/S. EIH LTD.
(2022) TaxCorp(LJ) 28240 (HC-CALCUTTA) · https://taxcorp.in/FileOpenDT.aspx?ID=86427&Category=Judgment&CategoryType=Zip
-
Assessee-Company adopting the mercantile system of accounting for the expenses relating to NACIL without offering the corresponding income to tax, resulted in hybrid method of accounting which is not permissible.
Delhi International Airport Pvt. Ltd. Vs THE PRINCIPAL COMMISSIONER OF INCOME TAX
(2022) TaxCorp(LJ) 28239 (HC-KARNATKATA) · Section 40(a)(ia)
-
Investment in property registered in spouse's name is eligible for exemption u/s 54 and it cannot be construed as owned by the Assessee for determining eligibility for exemption u/s 54F.
Antony Parakal Kurian Vs ASSISTANT COMMISSIONER OF INCOME TAX
(2022) TaxCorp(LJ) 28238 (HC-KARNATKATA) · Sections 54, 54F
-
Assessee is not registered U/s. 12A of the Act. In such circumstances, the assessee would be disentitled to enjoy the benefit of section 11 of the Act.
CHURCH OF CHRIST, HYDERABAD. VERSUS INCOME TAX OFFICER (EXEMPTIONS) -4, HYDERABAD.
(2022) TaxCorp(LJ) 28237 (ITAT-HYDERABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=95196&Category=ITAT&CategoryType=Zip
-
To determine, the net income on the deposits from the bank, amount of expenses incurred in generating such interest income should be allowed as deduction from the gross income of interest in pursuance to the provisions of section 57(iii).
BARODA CITIZEN COMMUNITY CO-OP. CREDIT SOCIETY LTD. VERSUS I.T.O, WARD-1 (2) (2) , BARODA.
(2022) TaxCorp(LJ) 28236 (ITAT-AHMEDABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=95203&Category=ITAT&CategoryType=Zip
Headnote lines are open to everyone. The full headnote and the judgment text open with a subscription — see plans or sign in.