IT JudgementNo addition can be made on presumption & assumption6 Dec 20180No addition can be made on presumption & assumption DEPUTY COMMISSIONER OF INCOME TAX vs. HEMANT MANSUKHLAL PANDYA * ITAT,…
IT JudgementApplicability of TDS on transportation charges paid to different truck owners for transportation of goods6 Dec 20180Applicability of TDS on transportation charges paid to different truck owners for transportation of goods Where assessee had merely facilitated…
IT JudgementPenny Stock Judgement – In favor of Taxpayer: Kolkata ITAT5 Dec 20180Penny Stock Judgement – In favor of Taxpayer: Kolkata ITAT Sanjay Mehta, Kolkata vs Acit, Circle – 36, Kolkata, ……
IT JudgementIf supported by proper documents & tracking, transactions could not be treated as bogus5 Dec 20180When purchase and sale of shares were supported by proper Contract Notes, shares were purchased and sold through recognised broker…
IT JudgementApplicability of Penalty u/s 271AAA for Disclosure of income u/s 132(4) during search5 Dec 20180Penalty for unexplained cash payments was not justified as no specific query to assessee was raised at the time of…
IT JudgementSecion. 148/ 151 If the AO issues the notice for reopening the assessment before obtaining the sanction of the CIT, the reopening is void ab initio.4 Dec 20180Section. 148/ 151 If the AO issues the notice for reopening the assessment before obtaining the sanction of the CIT,…
IT JudgementSection 47 to Sub-Section (xiiiib) we find from a perusal of the ‘memorandum‘ explaining the purpose and intent behind the enactment?4 Dec 20180Section 47 to Sub-Section (xiiiib) we find from a perusal of the ‘memorandum‘ explaining the purpose and intent behind the…
IT JudgementValidity of addition on the basis of statements given dueing Survey & retracted later4 Dec 20180Validity of addition on the basis of statements given dueing Survey & retracted later Income Tax Act, 1961, Section 133A…
IT JudgementITAT should give independent reason showing consideration of the submission made by Assessee4 Dec 20180ITAT should give independent reason showing consideration of the submission made by Assessee Cheryl J. Patel vs. ACIT (Bombay High…
IT JudgementDeletion of addition of LTCG from Penny Stock by Mumbai ITAT4 Dec 20180Deletion of addition of LTCG from Penny Stock by Mumbai ITATRamprasad Agarwal, Mumbai vs Income Tax Ward 2(3)2, Mumbai on…
IT JudgementITAT slams AO for levying section 234E fee before section came into existence4 Dec 20180Meghna Gupta, Faridabad vs Acit, Cpc- Tds, Ghaziabad on 1 October, 2018 ORDER Meghna Gupta vs Assistant Commissioner of Income…
IT JudgementAllowability of Loss due to fluctuation of exchange currency4 Dec 20180 Allowability of Loss due to fluctuation of …
IT JudgementThe notice under s. 148 was issued without disposing of the return filed by the assessee1 Dec 20180The notice under s. 148 was issued without disposing of the return filed by the assessee KAMALJEET vs. ASSISTANT COMMISSIONER…
IT JudgementLevy of GST on supply on supply of Free medical instrument with other goods to hospitals for a specific period30 Nov 20180Levy of GST on supply on supply of Free medical instrument with other goods to hospitals for a specific period…
IT JudgementShare capital addition deleted by ITAT Kolkata.30 Nov 20180This is an appeal filed by the assessee for assessment year 2012-13 directed against the order of the Learned Commissioner…
IT JudgementValidity of Order of Reassessment passed by AO without disposing the objection raised by the assessee30 Nov 20180Validity of Order of Reassessment passed by AO without disposing the objection raised by the assessee Where AO had passed…
IT JudgementDisallowance u/s 40A(3) if Cash payments exceeding prescribed limit is done due to exceptional circumstances30 Nov 20180Disallowance u/s 40A(3) if Cash payments exceeding prescribed limit is done due to exceptional circumstances Where assessee, land developer, made payment…
IT JudgementClassification of Goods under GST for coir products29 Nov 20180Classification of Goods under GST for coir products 2018 TaxPub(GST) 0558 (AAR-Tel) IN THE AUTHORITY FOR ADVANCE RULINGS, TELANGANA J.…