All landmark rulings

21,533 rulings

Desk: Both Direct Tax GST

Direct Tax ·ITAT Mumbai · 09 Aug 2021
Provisions of section 50C operates where the consideration received or accrues as a result of transfer of a capital asset being land or building or both.
STALWART IMPEX PVT. LTD. VERSUS INCOME TAX OFFICER 15 (3) (4), MUMBAI
(2021) TaxCorp(LJ) 26999 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=91150&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Delhi · 09 Aug 2021
Assessing officer is directed to delete the disallowance of the set off of the business loss.
OBEROI MOTORS VERSUS ACIT, CENTRAL CIRCLE KARNAL
(2021) TaxCorp(LJ) 26998 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=91153&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Cuttack · 09 Aug 2021
If all payments to credit card was made through bank, then such expenses shall not be treated as unexplained income of the assessee and, no addition shall be made under section 69.
PRASANNA KUMAR NANDA VERSUS ITO, WARD-3 (4) BHUBANESWAR
(2021) TaxCorp(LJ) 26997 (ITAT-CUTTACK) · https://taxcorp.in/FileOpenDT.aspx?ID=91157&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Jaipur · 09 Aug 2021
Payment of tax is mandatory but the requirement of paying such tax before filing appeal is only directory and where the defect in the appeal, being the non-payment of such tax, is removed, the earlier defective appeal becomes valid.
M/S JHUNJHUNU BALAJI MOTORS PVT. LTD. VERSUS ACIT, CIRCLE, JHUNJHUNU
(2021) TaxCorp(LJ) 26996 (ITAT-JAIPUR) · https://taxcorp.in/FileOpenDT.aspx?ID=91162&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Surat · 05 Aug 2021
No disallowance under section 43B can be made in this case because no expense on this count has been claimed.
ASSTT. COMMISSIONER OF INCOME TAX, VALSAD CIRCLE, VALSAD VERSUS M/S SAVITA CONSTRUCTION PVT. LTD.
(2021) TaxCorp(LJ) 26987 (ITAT-SURAT) · https://taxcorp.in/FileOpenDT.aspx?ID=91093&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Surat · 05 Aug 2021
Just merely claim of wrong deduction in the return of income does not attract penalty under section 271(1)(c)
VIJAYSINH P SOLANKI VERSUS THE DCIT CIRCLE-1 (3) , SURAT AND MAYUR MATHURDAS PATEL VERSUS THE INCOME TAX OFFICER, WARD-1 (3) (7), SURAT
(2021) TaxCorp(LJ) 26986 (ITAT-SURAT) · https://taxcorp.in/FileOpenDT.aspx?ID=91095&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Mumbai · 05 Aug 2021
The authority may not levy the penalty if the conduct of the assessee is not found to be contumacious.
ACIT-26 (1) MUMBAI VERSUS SHRI GHANSHYAM T. GURSAHANI
(2021) TaxCorp(LJ) 26985 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=91100&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Mumbai · 05 Aug 2021
Once the borrowed funds were indeed utilized by the assessee company for the purpose of its business, the interest paid on such borrowings becomes an allowable deduction u/s.36(i)(iii) of the Act.
M/S. GREAT WHITE HARDWARE PVT. LTD. VERSUS ACIT CIRCLE- 7 (1) (1), MUMBAI
(2021) TaxCorp(LJ) 26984 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=91101&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Mumbai · 03 Aug 2021
Provisions u/Sec 207 & Sec 208 are not inclusive and are independently applicable.
NEETA ROHIT PATEL VERSUS DCIT (CPC), BANGALORE
(2021) TaxCorp(LJ) 26975 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=91045&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Surat · 03 Aug 2021
We accept the secondary submissions of the ld AR for the assessee and therefore assessing officer is directed to delete the penalty levied under section 271(1)(c) of the Act.
M/S KANERIYA SAND AND AGGREGATES PVT. LTD. VERSUS THE DY. COMMISSIONER OF INCOME TAX, VALSAD CIRCLE, VALSAD
(2021) TaxCorp(LJ) 26974 (ITAT-SURAT) · https://taxcorp.in/FileOpenDT.aspx?ID=91053&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Bangalore · 03 Aug 2021
Section 49 deals with the cost with reference to certain modes of acquisition.
SHRI BINDIGANAVALE RAVI VERSUS THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 5 (2) (1), BENGALURU.
(2021) TaxCorp(LJ) 26973 (ITAT-BANGALORE) · https://taxcorp.in/FileOpenDT.aspx?ID=91056&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Delhi · 03 Aug 2021
As only extra fee of ₹ 1,500/- was charged and that too was for examination fee. In such circumstances, it cannot be said that any capitation fee has been charged from the students.
DCIT, EXEMPTION CIRCLE, GHAZIABAD VERSUS MAJOR SHIV DAYAL SINGH CHIKITSA TRUST
(2021) TaxCorp(LJ) 26972 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=91059&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Delhi · 30 Jul 2021
Claim of the deduction of dividend distribution tax made by the assessee is rejected.
METROPOLIS HEALTHCARE LTD. VERSUS DCIT, CIRCLE-16 (2) NEW DELHI
(2021) TaxCorp(LJ) 26963 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=90972&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Delhi · 30 Jul 2021
The late fee levied by the AO u/s 200A read with section 234E as the defaults are prior to 01.06.2015, is not sustainable in the eyes of law, hence fee levied u/s 234E is ordered to be deleted.
SUB DIVISIONAL OFFICE VERSUS ITO, TDS KARNAL
(2021) TaxCorp(LJ) 26962 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=90976&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Mumbai · 30 Jul 2021
Any disallowance in the impugned assessment year would be prejudicial to the assessee, as, it would amount to double disallowance of the same amount. Thus we allow assessee's claim of loss.
VVF (INDIA) LTD. VERSUS ACIT- CIRCLE (3) (2), MUMBAI
(2021) TaxCorp(LJ) 26961 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=90977&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Delhi · 30 Jul 2021
No infirmity in the order of the ld. CIT (Appeals) in giving direction to the Assessing Officer for issuing notices under Section 151 of the Act.
MANOJ KUMAR JAIN, C/O. M/S. KAPIL GOEL ASSOCIATES VERSUS DCIT, CENTRAL CIRCLE, GHAZIABAD.
(2021) TaxCorp(LJ) 26960 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=90980&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Pune · 30 Jul 2021
There is no scope for any guess work or surmises or any hypothetical situation for imposing penalty u/s.271(1)(c).
THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, AURANGABAD VERSUS M/S. BG LI IN ELECTRICALS LTD., M/S. BMR HVAC LTD.
(2021) TaxCorp(LJ) 26959 (ITAT-PUNE) · https://taxcorp.in/FileOpenDT.aspx?ID=90983&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Bangalore · 30 Jul 2021
The provisions of section 194LA of the Act would apply only in the case of a compulsory acquisition and not to a case where lands were surrendered by land owners under section 14B of KTCP Act.
CHIEF ACCOUNTS OFFICER, BRUHAT BENGALURU MAHANAGARA PALIKE (BBMP) VERSUS INCOME-TAX OFFICER (TDS) , WARD - 1 (1), BENGALURU
(2021) TaxCorp(LJ) 26958 (ITAT-BANGALORE) · https://taxcorp.in/FileOpenDT.aspx?ID=90986&Category=ITAT&CategoryType=Zip
Direct Tax ·Bombay High Court · 29 Jul 2021
Since petitioner has fulfilled the condition of deposit of 20% of amount for staying the effect and operation of order of demand. Therefore, the attached property should be released from attachment.
VIKALP PROJECTS PVT. LTD. VERSUS THE TAX RECOVERY OFFICER-5, MUMBAI & ORS.
(2021) TaxCorp(LJ) 26957 (HC-BOMBAY) · https://taxcorp.in/FileOpenDT.aspx?ID=85246&Category=Judgment&CategoryType=Zip
Direct Tax ·ITAT Bangalore · 29 Jul 2021
There is a sufficient and reasonable cause for not deducting TDS on the year-end provision.
BIOCON LTD. VERSUS THE INCOME-TAX OFFICER (TDS) , LTU, BENGALURU.
(2021) TaxCorp(LJ) 26956 (ITAT-BANGALORE) · https://taxcorp.in/FileOpenDT.aspx?ID=90939&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.