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Addition made by the A.O is being deleted.
SHRI ATHAVULLAH VERSUS THE INCOME TAX OFFICER, WARD-1, VELLORE.
(2021) TaxCorp(LJ) 28040 (ITAT-CHENNAI) · https://taxcorp.in/FileOpenDT.aspx?ID=94732&Category=ITAT&CategoryType=Zip
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The property though purchased from four Vendors remains as a single property. Being so, the property has to be considered as a single property and deduction u/s. 54F should be granted.
NEELAVARA SANJEEVA RAO VERSUS THE INCOME TAX OFFICER, WARD 7 (2) (1) , BANGALORE.
(2021) TaxCorp(LJ) 28039 (ITAT-BANGALORE) · https://taxcorp.in/FileOpenDT.aspx?ID=94734&Category=ITAT&CategoryType=Zip
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We do not find any reason to interfere or to deviate from the findings so recorded by the ld. CIT(A), accordingly, we uphold the same.
A.C.I.T., CENTRAL CIRCLE-2 (2) NAGPUR VERSUS M/S KARAN KOTHARI JEWELLERS PRIVATE LIMITED
(2021) TaxCorp(LJ) 28038 (ITAT-NAGPUR) · https://taxcorp.in/FileOpenDT.aspx?ID=94738&Category=ITAT&CategoryType=Zip
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The provisions of section 68 of the Act are not applicable in respect of addition in the facts and circumstances of the instant case.
M/S. JAGATI PUBLICATIONS LIMITED VERSUS ACIT, CIRCLE 2 (1) HYDERABAD
(2021) TaxCorp(LJ) 28037 (ITAT-HYDERABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=94740&Category=ITAT&CategoryType=Zip
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We uphold the findings of the Ld. CIT(A) and find the grounds of appeal of the Revenue is devoid of any merits.
ITO, WARD-51 (3) , NEW DELHI VERSUS RAKESH RELAN, PROPRIETOR OF HB RELAN & CO.,
(2021) TaxCorp(LJ) 28036 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=94743&Category=ITAT&CategoryType=Zip
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SCEO Bangalore: Mens rea is not a prerequisite for invocation of Section 276B.
Panacea Hospital Pvt Ltd Vs The Income Tax Officer
(2021) TaxCorp(LJ) 28035 (ITAT-BANGALORE) · Section 276B
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Compensation to slum dwellers under consensus-based Court order will be an allowable expenditure and not a contingent liability.
Salient Traders Pvt. Ltd Vs The Income Tax Officer
(2021) TaxCorp(LJ) 28034 (ITAT-MUMBAI)
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The bonus paid to the employees and the key management personnel was in the ordinary course of business and squarely allowable as deduction u/s 37 of the Act.
IDFC Capital Ltd Vs DCIT-14(2)(1)
(2021) TaxCorp(LJ) 28033 (ITAT-MUMBAI) · Section 37(1)
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Assessee had proper reasonable cause within the meaning of section 273B of the Act.
DCIT. CENT. CIR-7 (3), MUMBAI VERSUS M/S. SANATHNAGAR ENTERPRISES LTD., M/S. AJITNATH HI-TECH BUILDERS PVT. LTD., M/S. LODHA GLOWING CONSTRUCTION PVT. LTD., M/S. LODHA PROPERTIES DEVELOPMENTS PVT. LTD.
(2021) TaxCorp(LJ) 28032 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=94706&Category=ITAT&CategoryType=Zip
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Revenue erred in apportioning 10% to gross receipts as taxable income since Section 44BB do not override the provisions of Sections 4 and 5.
Petronash FZE Vs ADIT
(2021) TaxCorp(LJ) 28026 (ITAT-DEHRADUN) · Section 44BB
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Failure to follow the procedure u/s 144C(1) of the Act would be a jurisdictional error and not merely procedural error or a mere irregularity.
Shell India Markets Pvt Ltd Vs Aditional/Joint/Deputy/Asistant Commisioner of IncomeTax
(2021) TaxCorp(LJ) 28019 (HC-BOMBAY) · Section 144C (1)
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It would be in the interest of justice to provide Assessee with an opportunity to file evidences as regards to amounts being offered to tax by the payees.
Ajay Kumar Singh Vs Income Tax Officer
(2021) TaxCorp(LJ) 28018 (ITAT-DEHRADUN) · Section 40(a)(ia)
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Section 53A of TPA to be not applicable to the joint development agreement.
Anugraha Shelters (P) Ltd Vs Deputy Commissioner of Income-tax
(2021) TaxCorp(LJ) 28017 (ITAT-BANGALORE) · Section 53A
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Bank of India's excess contribution to superannuation fund is an admissible operative expenditure u/s 37(1).
Bank of India Vs The Pr. Commissioner of Income Tax-2
(2021) TaxCorp(LJ) 28016 (ITAT-MUMBAI) · Section 37(1)
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Higher of the fair market value or value arrived at basis the valuation methodology has to be adopted for the purpose of Section 56(2)(viib).
Medicon Leather Pvt. Ltd Vs The Assistant Commissioner of Income Tax
(2021) TaxCorp(LJ) 28015 (ITAT-BANGALORE) · Section 56(2)(viib)
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Assessee’s wife was entitled to 500 grams of jewellery, source of which was presumed to be explained and thus, no addition for the same could be sustained.
Suresh Bansal Vs DCIT
(2021) TaxCorp(LJ) 28014 (ITAT-DELHI)
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Conversion of advances receivable from sister concern to debentures does not amount to diversion of funds.
G.S. Pharmbutor P. Ltd Vs Addl.CIT
(2021) TaxCorp(LJ) 28013 (ITAT-DELHI)
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Merely because the accounts were audited after grant of registration u/s 12AA of the Act under the peculiarity of the present case, would not ipso facto vitiate the authenticity of the accounts so furnished before the Revenue.
Hardayal Charitable & Educational Trust Vs DCIT
(2021) TaxCorp(LJ) 28012 (ITAT-DELHI)
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The business constraints and exigencies and administrative convenience itself constitutes reasonable cause within the meaning of Section 273B, and thus no penalty u/s 271D and 271E could be invoked.
Macrotech Developers Limited Vs DCIT(CC)7(3)
(2021) TaxCorp(LJ) 28011 (ITAT-MUMBAI)
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Assessee is not eligible for benefit under Article 12(5)(c) of the India-US DTAA, the order does not contain any reasoning or discussion on the applicability or otherwise of various sub-articles of the DTAA to the facts of the case.
Coursera INC Vs INCOME TAX OFFICER TDS
(2021) TaxCorp(LJ) 28004 (HC-DELHI) · Section 10(50)
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