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Deduction u/s 10AA in respect of an eligible undertaking to be allowed on standalone basis.
ASST. COMMISSIONER OF INCOME TAX-10 (1) (1) MUMBAI, DY. COMMISSIONER OF INCOME TAX-10 (1) (1) MUMBAI VERSUS M/S. INDOFIL INDUSTRIES LTD.
(2021) TaxCorp(LJ) 27059 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=91416&Category=ITAT&CategoryType=Zip
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A.O is directed to determine the taxability of the interest income as per the special rate of tax on the basis of India-USA tax treaty.
HARESH C SHETH C/O. C-501, ASHOK GARDENS, MUMBAI VERSUS INCOME TAX OFFICER (IT) – 4 (2) (1); MUMBAI
(2021) TaxCorp(LJ) 27058 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=91422&Category=ITAT&CategoryType=Zip
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There is no question for treating the amount of share capital received by the assessee as unexplained cash credit under section 68
M/S. CALICA RESOURCES PVT. LTD. VERSUS I.T.O., WARD-1 (1) (3), AHMEDABAD. AND (VICE-VERSA)
(2021) TaxCorp(LJ) 27057 (ITAT-AHMEDABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=91428&Category=ITAT&CategoryType=Zip
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Merely because the assessee entered into franchise agreement with ZLL will not made the activity of the assessee non charitable.
M/S. SANT SHRI MAHESH MUNI JI BOREWALE EDUCTIONAL WELFARE SOCIETY VERSUS CIT (EXMP.) CHANDIGARH
(2021) TaxCorp(LJ) 27048 (ITAT-AMRITSAR) · https://taxcorp.in/FileOpenDT.aspx?ID=91347&Category=ITAT&CategoryType=Zip
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Where the unexpired period of limitation under the old law is less than six months as on the date of amendment, then the said unexpired period shall be allowed under the new amended provision effective from 01.06.2016.
MR. RAKESH KUMAR PANDEY VERSUS ITO, RANGE-3 (2) RANGE-III (3) , MIRZAPUR
(2021) TaxCorp(LJ) 27047 (ITAT-ALLAHABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=91354&Category=ITAT&CategoryType=Zip
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Even before the Tribunal no evidence is produced by the assessee. In the absence of any evidence ground No.2 of the appeal is dismissed.
M/S. MASCOT LIFESTYLE PVT. LTD. VERSUS INCOME TAX OFFICER -10 (2) (3), MUMBAI
(2021) TaxCorp(LJ) 27046 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=91365&Category=ITAT&CategoryType=Zip
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Order of the Ld. CIT (A) to be de void of merit because he has not given a categorical finding as to why the provisions of section 40A(3) of the Act would not be attracted in the case of the assessee.
INCOME TAX OFFICER, WARD-3, KADAPA VERSUS M/S. MAYURI CONSTRUCTIONS
(2021) TaxCorp(LJ) 27045 (ITAT-HYDERABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=91366&Category=ITAT&CategoryType=Zip
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No document has been produced on the file by the Department to show that the case was transferred by the competent authority from ITO, Ward-23(3), Hooghly to ACIT, Circle- 23(1), Hooghly.
HIRAK SARKAR VERSUS ACIT, CIRCLE-23 (1) , HOOGHLY
(2021) TaxCorp(LJ) 27042 (ITAT-KOLKATA) · https://taxcorp.in/FileOpenDT.aspx?ID=91319&Category=ITAT&CategoryType=Zip
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In case of a society engaged in providing credit facilities to its members, income from investments made in banks does not fall within any of the categories mentioned in section 80P(2)(a) of the Act.
M/S. JYOTHI PATTIN SOUHARD SAHAKARI NIYAMIT VERSUS THE PRINCIPAL COMMISSIONER OF INCOME TAX, HUBBALI.
(2021) TaxCorp(LJ) 27041 (ITAT-BANGALORE) · https://taxcorp.in/FileOpenDT.aspx?ID=91321&Category=ITAT&CategoryType=Zip
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Exemption under section 11 can be availed by institution which are genuinely engaged in charitable activities.
M/S ANWAR SULTANA EDUCATIONAL TRUST VERSUS CIT (E), CHANDIGARH
(2021) TaxCorp(LJ) 27040 (ITAT-AMRITSAR) · https://taxcorp.in/FileOpenDT.aspx?ID=91324&Category=ITAT&CategoryType=Zip
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Preponderance of probabilities weighs heavily in favour of the realization of the agricultural produce of the immediately preceding previous year, quantity of which as at the year-end is not in dispute.
DILIP MEHTA VERSUS ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 1, JABALPUR
(2021) TaxCorp(LJ) 27039 (ITAT-JABALPUR) · https://taxcorp.in/FileOpenDT.aspx?ID=91325&Category=ITAT&CategoryType=Zip
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Revenue cannot pick and choose certain amounts representing the share of the beneficiaries and tax in the hands of the assessee and simultaneously not charging the tax in the hands of the assessee with respect to majority of the beneficiaries.
M/S AQUAGEL PROMOTERS GROUP SHARE HOLDERS TRUST VERSUS THE ITO, WARD-2 (3) BHAVNAGAR
(2021) TaxCorp(LJ) 27029 (ITAT-AHMEDABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=91282&Category=ITAT&CategoryType=Zip
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The exercise of jurisdiction in respect of first point of the issue is not justified when tested on the touchstone of Section 263 of the Act.
SMT SARITA BAJPAI (L/H. OF LATE SANJAY BAJPAI) VERSUS DEPUTY COMMISSIONER OF INCOME TAX -1 (1) RAIPUR
(2021) TaxCorp(LJ) 27028 (ITAT-RAIPUR) · https://taxcorp.in/FileOpenDT.aspx?ID=91284&Category=ITAT&CategoryType=Zip
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When the assessee constructs building on leasehold land without ownership, then cost incurred for construction of building is revenue expenditure which deductible.
THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-I TIRUPUR VERSUS M/S. EASTMAN EXPORTS GLOBAL CLOTHING PVT. LTD.
(2021) TaxCorp(LJ) 27027 (ITAT-CHENNAI) · https://taxcorp.in/FileOpenDT.aspx?ID=91287&Category=ITAT&CategoryType=Zip
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Mere fact that the debenture redemption reserve is labeled as a reserve will not render it as a reserve and an amount which is retained by way of providing a known liability is not a reserve within the meaning of explanation (b) of section 115JA of the Act.
ASSISTANT COMMISSIONER OF INCOMETAX, CIRCLE-2 (1) , KOLKATA. VERSUS M/S. INDIA POWER CORPORATION LTD. AND (VICE-VERSA)
(2021) TaxCorp(LJ) 27026 (ITAT-KOLKATA) · https://taxcorp.in/FileOpenDT.aspx?ID=91290&Category=ITAT&CategoryType=Zip
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Where the PF and ESI dues are paid after the due date under the respective statues but before filing of the return of income under section 139(1), the same cannot be disallowed under section 43B read with section 36(1)(va) of the Act.
MOHANGARH ENGINEERS AND CONSTRUCTION COMPANY VERSUS THE DCIT, CPC, BANGALORE AND PALI URBAN COOPERATIVE BANK LTD., U AND T TRACTOR SPARES PRIVATE LIMITED VERSUS THE ACIT, CPC, BANGALORE
(2021) TaxCorp(LJ) 27023 (ITAT-JODHPUR) · https://taxcorp.in/FileOpenDT.aspx?ID=91272&Category=ITAT&CategoryType=Zip
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Order passed to withdraw the relief granted u/s 14A earlier is bereft of jurisdiction.
UNION BANK OF INDIA VERSUS DCIT, LTU (2) MUMBAI
(2021) TaxCorp(LJ) 27022 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=91275&Category=ITAT&CategoryType=Zip
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Reopening of the assessment was after years and there was no tangible material to establish that the assessee failed to disclose fully and truly all materials, which are required for the assessment at the first instance.
COMMISSIONER OF INCOME TAX, COIMBATORE. VERSUS MR. JOHN ETTIMOOTIL SAMUEL
(2021) TaxCorp(LJ) 27021 (HC-MADRAS) · https://taxcorp.in/FileOpenDT.aspx?ID=85370&Category=Judgment&CategoryType=Zip
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The Tribunal was right in confirming the order passed by the CIT(A).
THE COMMISSIONER OF INCOME TAX, CIRCLE-XV, CHENNAI VERSUS M/S. JANNANI HOLDINGS
(2021) TaxCorp(LJ) 27020 (HC-MADRAS) · https://taxcorp.in/FileOpenDT.aspx?ID=85371&Category=Judgment&CategoryType=Zip
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E-Proceeding does not foreclose the conduct of a physical hearing, but has circumscribed four conditions, on which, such hearing shall be conducted manually.
THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 1 (1) , SALEM VERSUS SALEM SREE RAMAVILAS CHIT COMPANY PRIVATE LIMITED
(2021) TaxCorp(LJ) 27019 (HC-MADRAS) · https://taxcorp.in/FileOpenDT.aspx?ID=85372&Category=Judgment&CategoryType=Zip
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