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The entire criminal proceeding whereby cognizance has been taken against the petitioners for the offences under Sections 276(B) and 278(B) of the Income Tax Act, pending in the Court of learned Special Judge, Economic Offences, Dhanbad, are hereby, quashed.
M/S. MAITHON POWER LIMITED, VERSUS THE STATE OF JHARKHAND., THE ASSISTANT COMMISSIONER OF INCOME TAX, TDS CIRCLE, DHANBAD
(2022) TaxCorp(LJ) 28486 (HC-JHARKHAND) · https://taxcorp.in/FileOpenDT.aspx?ID=86664&Category=Judgment&CategoryType=Zip
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The payments made by the petitioner to the non-resident assessess in the execution of the contract with ONGC is properly assessable under the provisions on Section 44BB of the Act, 1961.
LARSEN & TOUBRO LIMITED, VERSUS GIRISH DAVE, DIRECTOR OF INCOME-TAX (INTERNATIONAL TAXATION) , BOMBAY, VINAY SINHA, DEPUTY INCOME-TAX (INTERNATIONAL TAXATION) 4 (1) MUMBAI AND UNION OF INDIA
(2022) TaxCorp(LJ) 28485 (HC-BOMBAY) · https://taxcorp.in/FileOpenDT.aspx?ID=86665&Category=Judgment&CategoryType=Zip
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It is established principle that there has to some mens rea on part of the Assessee and there should be some amount of tax evaded or concealed, which is absent in the present case.
K.E.Gnanavel Raja Vs The Assistant Commissioner of Income Tax
(2022) TaxCorp(LJ) 28484 (HC-MADRAS)
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One residential house may consist of several independent units and that cannot be factor to disallow claim made under Section 54/54F.
Dipti Nalin Parikh Vs ITO-17(1)(4)
(2022) TaxCorp(LJ) 28483 (ITAT-MUMBAI) · Section 54
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Advance on account of business transaction cannot be categorized as loans so as to attract deeming fiction under section 2(22)(e) of the Act.
ASSISTANT COMMISSIONER OF INCOME TAX, VAPI VERSUS M/S DNP FOODS PVT. LTD.
(2022) TaxCorp(LJ) 28482 (ITAT-SURAT) · https://taxcorp.in/FileOpenDT.aspx?ID=95828&Category=ITAT&CategoryType=Zip
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When the assessee has claimed that it has received sale consideration in cash for transfer of property, it is for the AO to disprove the claim of the assessee with cogent reason and sufficient evidences.
THE DY. COMMISSIONER OF INCOME TAX, NON-CORPORATE CIRCLE-2, CHENNAI-34. VERSUS M/S. AP SRIDHAR (HUF) , M/S. AP SANDHYA
(2022) TaxCorp(LJ) 28481 (ITAT-CHENNAI) · https://taxcorp.in/FileOpenDT.aspx?ID=95829&Category=ITAT&CategoryType=Zip
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Discount offered by the assessee to dealers for distribution of SIM cards and recharge coupons is in the nature of commission which is liable for TDS u/s.194H.
MR. KRISHNASWAMY YOGANANDAN VERSUS JOINT COMMISSIONER OF INCOME TAX, BUSINESS CIRCLE-XIV CHENNAI.
(2022) TaxCorp(LJ) 28480 (ITAT-CHENNAI) · https://taxcorp.in/FileOpenDT.aspx?ID=95831&Category=ITAT&CategoryType=Zip
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Provisions of section 11(1)(d) specifying the income in the form of voluntary contributions made with a specific direction are independent of section 11(1)(a).
JT. CIT (EXEMPTIONS) (OSD) CIR. 2, AHMEDABAD. VERSUS DIVYA JYOTI TRUST TEJAS EYE HOSPITAL SUTHAR FALIYAAT & POST – MANDVI SURAT
(2022) TaxCorp(LJ) 28479 (ITAT-AHMEDABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=95832&Category=ITAT&CategoryType=Zip
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The tenancy right was a capital asset, surrender of tenancy right was a transfer and the consideration received thereof was a capital receipt within the meaning of Section 45.
PRINCIPAL COMMISSIONER OF INCOME TAX - I, KOLKATA VERSUS SMT. SHIKHA ROY
(2022) TaxCorp(LJ) 28478 (HC-CALCUTTA) · https://taxcorp.in/FileOpenDT.aspx?ID=86658&Category=Judgment&CategoryType=Zip
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Deduction of any sum being interest payable under clause (d) of section 43B of the Act, shall be allowed if such interest has been actually paid and any interest referred to in that clause, which has been converted into a loan or borrowing, shall not be deemed to have been actually paid.
THE COMMISSIONER OF INCOME TAX TAMIL NADU-I, MADRAS VERSUS M/S. TAMIL NADU WATER INVESTMENT CO. LTD.
(2022) TaxCorp(LJ) 28477 (HC-MADRAS) · https://taxcorp.in/FileOpenDT.aspx?ID=86659&Category=Judgment&CategoryType=Zip
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Since the funds were received with permission from RBI, therefore no addition of share premium u/s 68.
Azure Retreat P Ltd Vs The I.T.O
(2022) TaxCorp(LJ) 28476 (ITAT-DELHI) · Section 68
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It is imperative that for claiming deduction under Section 43B, the amounts should be otherwise deductible.
I.G.Petrochemicals Limited Vs The Deputy Commissioner of Income-tax
(2022) TaxCorp(LJ) 28475 (ITAT-BANGALORE) · Section 43B
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Assessment framed under section 153C read with section 143(3) of the Act is not sustainable. Once the assessment in itself is invalid then the same cannot be revised under the provisions of section 263.
M/S. GREENSTONE AGRO PRODUCT & INFRASTRUCTURE (P) LTD. VERSUS P.C.I.T. (CENTRAL), AHMEDABAD.
(2022) TaxCorp(LJ) 28474 (ITAT-AHMEDABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=95787&Category=ITAT&CategoryType=Zip
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When the assessee has furnished the required details relating to the expenditure claimed, there is no justifiable reason to disallow even a part of it.
PROCTER & GAMBLE HEALTH LIMITED (FORMERLY KNOWN AS MERCK LTD) VERSUS THE ASSTT. COMMISSIONER OF INCOME-TAX-7 (1) (1) , MUMBAI
(2022) TaxCorp(LJ) 28473 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=95788&Category=ITAT&CategoryType=Zip
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No liability in respect of interest expenses pertaining to project B was accrued, hence it is not allowable in the year under consideration.
M/S FORTUNE RPJ DEVELOPERS VERSUS ACIT, CIRCLE-1, THANE
(2022) TaxCorp(LJ) 28472 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=95790&Category=ITAT&CategoryType=Zip
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The diary does not pertain to the assessee and income does not belong to him in his individual capacity. Since it does not belong to him, it cannot be taxed in his hands.
SHRI OM PRAKASH JAKHOTIA VERSUS ACIT, CC – 26, NEW DELHI.
(2022) TaxCorp(LJ) 28471 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95794&Category=ITAT&CategoryType=Zip
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Considering agreement with RIC, we are of the considered opinion that RIC does not constitute DAPE of the assessee under the relevant article of the India - USA DTAA.
M/S ESM GROUP INC. VERSUS THE A.C.I.T., CIRCLE-1 (2) (2) , INTERNATIONAL TAXATION NEW DELHI
(2022) TaxCorp(LJ) 28470 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95800&Category=ITAT&CategoryType=Zip
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There is no infirmity in the order of The ld CIT (A) in holding that payment by assessee to a foreign company for utilization of transponder centered on a satellite is not in the nature of Royalty in terms of various Article of above Three DTAAs.
THE ASST. COMMISSIONER OF INCOME TAX (INTL. TAXATION) , 4 (3) (1) , MUMBAI VERSUS M/S VIACOM 18 MEDIA PVT. LTD.
(2022) TaxCorp(LJ) 28469 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=95806&Category=ITAT&CategoryType=Zip
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Inspection and examination of the goods before shipment is a common practice and it cannot be treated as a technical and managerial service.
Maharashtra Seamless Ltd Vs DCIT
(2022) TaxCorp(LJ) 28468 (ITAT-DELHI)
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Since Section 144C did not apply to the impugned years, the time limit for passing assessment order did not extend by application of Section 144C.
Bilag Industries Pvt. Ltd Vs The JCIT
(2022) TaxCorp(LJ) 28467 (ITAT-SURAT) · Sections 153, 144C
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