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Since the assessee company ceased to be in existence as on the date when the AO passed the order of assessment, assessment so framed is not sustainable in the eyes of law, being a nullity.
THE JOINT COMMISSIONER OF INCOME TAX (LTU) , BENGALURU VERSUS M/S. DELL INTERNATIONAL SERVICES INDIA PVT. LTD., (NOW MERGED ENTITY M/S. PEROT SYSTEMS BUSINESS PROCESS SOLUTIONS INDIA PVT. LTD.) AND VICE - VERSA
(2021) TaxCorp(LJ) 26927 (ITAT-BANGALORE) · https://taxcorp.in/FileOpenDT.aspx?ID=90845&Category=ITAT&CategoryType=Zip
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There are no segmental financials for marketing and the functions of the assessee are different from that of the comparable thus defaulting the FAR analysis.
AVAYA INDIA PVT. LTD. VERSUS ACIT, CIRCLE-1 (1) NEW DELHI
(2021) TaxCorp(LJ) 26926 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=90846&Category=ITAT&CategoryType=Zip
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An expenditure on account of annual exchange service charge is to be treated as revenue expenditure.
M/S. AANYA REAL ESTATE PVT. LTD. VERSUS DY. CIT 15 (1) (1) MUMBAI
(2021) TaxCorp(LJ) 26925 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=90850&Category=ITAT&CategoryType=Zip
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Notice was issued for reopening of assessment within the period of limitation for the assessment year 2011-12.
DR. BHARANI R. PALUVAI, BRIDGET BHARANI VERSUS INCOME TAX OFFICER, NON-CORPORATE WARD-11 (2), CHENNAI.
(2021) TaxCorp(LJ) 26924 (HC-MADRAS) · https://taxcorp.in/FileOpenDT.aspx?ID=85198&Category=Judgment&CategoryType=Zip
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Once the books of account are found to be the representing true and correct affairs of business the Assessing Officer cannot tinker with the actual profit declared by the assessee.
DILIP KUMAR KHETAN PROPRIETOR DILIP YARN TRADERS VERSUS INCOME TAX OFFICER, AMBEDKARNAGAR
(2021) TaxCorp(LJ) 26922 (ITAT-ALLAHABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=90817&Category=ITAT&CategoryType=Zip
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Any discrepancy in the statement of the partners is not going to change the condition prescribed u/s 40(b) (v) for allowing the claim of payment of remuneration to partners.
M/S. SHREE BHAGWAN THEATRES VERSUS INCOME TAX OFFICER, WARD- 1 (5) ALLAHABAD
(2021) TaxCorp(LJ) 26921 (ITAT-ALLAHABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=90818&Category=ITAT&CategoryType=Zip
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There is no merit in Revenue’s preceding arguments.
DY. CIT, CIRCLE 2 (2) HYDERABAD, ITO, WARD 2 (2), HYD VERSUS M/S GLOBAL ALUMINIUM PVT. LTD. SECUNDERABAD
(2021) TaxCorp(LJ) 26920 (ITAT-HYDERABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=90821&Category=ITAT&CategoryType=Zip
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Delegation of certain formalities regarding collection of booking application forms and money on behalf of the assessee would not cease the assessee company as being rendered as a developer of the project.
DCIT, CENTRAL CIRCLE-6, NEW DELHI VERSUS SAHARA INDIA SAHKARI AWAS SAMITI LTD. AND (VICE-VERSA)
(2021) TaxCorp(LJ) 26919 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=90822&Category=ITAT&CategoryType=Zip
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The order u/s 263 passed by the ld. PCIT dwelled into the issue of re-computation of capital gains which is beyond the mandate of the limited scrutiny issued by the CBDT.
RAJANI VENKATA NAGA ANNAVARAPU NARAYANA VERSUS PCIT-20, NEW DELHI
(2021) TaxCorp(LJ) 26904 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=90723&Category=ITAT&CategoryType=Zip
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It is imperative on the part of the Assessing officer to show that the conditions specified in the first proviso to sec. 147 are complied with before initiating the reassessment proceedings.
SANJUKTA KUMARI SAHU, PROP. M/S. PRATIMA FILLING STATION VERSUS ITO, WARD-3 BERHAMPUR
(2021) TaxCorp(LJ) 26903 (ITAT-CUTTACK) · https://taxcorp.in/FileOpenDT.aspx?ID=90727&Category=ITAT&CategoryType=Zip
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Order passed in the case of brother of the assessee who is also one of the co-owners of the property, shall be applicable in the case of the assessee also, as the facts are identical and the same property was sold by brother of the assessee.
MR. SUJIT MAJUMDAR VERSUS INCOME TAX OFFICER, WARD II (3), ALLAHABAD
(2021) TaxCorp(LJ) 26902 (ITAT-ALLAHABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=90731&Category=ITAT&CategoryType=Zip
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Section 153C contemplates documents seized or requisitioned during the search. It does not talk of information.
SBG INFRASTRUCTURE LLP. VERSUS DCIT, CENT. CIR. 2 BARODA. AND JCIT (OSD) , CENT. CIR. 2 BARODA. VERSUS SBG INFRASTRUCTURE LLP.
(2021) TaxCorp(LJ) 26901 (ITAT-AHMEDABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=90734&Category=ITAT&CategoryType=Zip
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Since no incriminating documents were found during the course of search u/s 153A, thus no addition can be made.
ASST. COMMISSIONER OF INCOME-TAX, CIRCLE – 1 (1) , HYDERABAD. VERSUS SNJ SUGARS AND ALLIED PRODUCTS LTD.
(2021) TaxCorp(LJ) 26900 (ITAT-HYDERABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=90735&Category=ITAT&CategoryType=Zip
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The AO had no jurisdiction to issue notices u/s 200A of the Act for computing and charging late filing fees u/s 234E of the Act for the period of tax deducted prior to first day of June, 2015.
M/S H.P. AGRO INDUSTRIES CORPORATION LTD. VERSUS THE ASSTT. CIT, CENTRALIZED PROCESSING CELL-TDS, BANGLURU
(2021) TaxCorp(LJ) 26899 (ITAT-CHANDIGARH) · https://taxcorp.in/FileOpenDT.aspx?ID=90709&Category=ITAT&CategoryType=Zip
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It is a settled position that unless and until the trust is registered under section 12A, it cannot claim the benefit of section 11 of the Act and thus, registration under section 12A is a condition precedent.
BHARATPUR ROYAL FAMILY RELIGIOUS & CEREMONIAL TRUST MOTI MAHAL VERSUS CIT (E) JAIPUR
(2021) TaxCorp(LJ) 26898 (ITAT-JAIPUR) · https://taxcorp.in/FileOpenDT.aspx?ID=90715&Category=ITAT&CategoryType=Zip
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Undisputedly, the expenditure is wholly and exclusively for the purpose of business. The concept of deferred revenue expenditure is not there in I.T.Act.
DCIT-6 (1) (2), MUMBAI VERSUS AXIS ASSET MANAGEMENT CO. LTD.
(2021) TaxCorp(LJ) 26897 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=90718&Category=ITAT&CategoryType=Zip
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Order of the learned CIT – A does not have any legs to stand. None of the judicial precedents cited before the learned CIT – A applies to the facts of the case.
DCIT, CIRCLE : 10 (1) , NEW DELHI. VERSUS DCIT, CIRCLE : 10 (1) , NEW DELHI
(2021) TaxCorp(LJ) 26896 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=90720&Category=ITAT&CategoryType=Zip
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The ld. PCIT validly assumed his jurisdiction for exercising his power under section 263 of the Act by taking view that the order passed by assessing officer is erroneous and in so far as prejudicial to the interest of justice.
KANUBHAI VANMALIBHAI PATEL HUF VERSUS THE PRINCIPAL COMMISSIONER OF INCOME TAX-1, SURAT.
(2021) TaxCorp(LJ) 26895 (ITAT-SURAT) · https://taxcorp.in/FileOpenDT.aspx?ID=90687&Category=ITAT&CategoryType=Zip
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Intimation u/s. 143(1) cannot be treated as an order of assessment and there being no assessment u/s. 143(3), there is no question of change of opinion on the issue dealt by the AO for reopening the assessment.
SMT. KAVITHA KAMLESH SHAH VERSUS THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 6 (1), BENGALURU.
(2021) TaxCorp(LJ) 26894 (ITAT-BANGALORE) · https://taxcorp.in/FileOpenDT.aspx?ID=90691&Category=ITAT&CategoryType=Zip
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Holding M/s Turbo Tech Engineering Ltd as a penny stock company by the authorities below without any corroborative evidence is uncalled for and unjustified. Such action is erroneous arbitrary whimsical and suffers from the principle of surmise and conjecture.
RADHEYSHYAM KHANDELWAL, SURESH KHANDELWAL, RUKMANI KHANDELWAL, SMT. SANDHYA KHANDELWAL VERSUS ACIT-4 (1) , INDORE AND MOHANLAL KHANDELWAL VERSUS ITO-4 (1) , INDORE
(2021) TaxCorp(LJ) 26893 (ITAT-INDORE) · https://taxcorp.in/FileOpenDT.aspx?ID=90692&Category=ITAT&CategoryType=Zip
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