IT JudgementList of documents required for filing appeal with ITAT22 Nov 20180List of documents required for filing appeal with ITAT List-of-Documents-required
IT JudgementProcedure for filing an online Appeal at Income Tax Appellate Tribunal (ITAT)22 Nov 20180Procedure for filing an online Appeal at Income Tax Appellate Tribunal (ITAT) From manual filing, the procedure has not been…
IT JudgementPr Commissioner Of vs M/S Softbrands India on 25 June, 201821 Nov 20180Pr Commissioner Of vs M/S Softbrands India on 25 June, 2018 This I.T.A. is filed under Section 260-A of Income…
IT JudgementSection 40A(3) could be invoked only when assessee claimed payment in cash as business expenditure or treated as stock or capitalized the same in order to claim depreciation in the future21 Nov 20180Section 40A(3) could be invoked only when assessee claimed payment in cash as business expenditure or treated as stock or…
IT JudgementAmount received by a retired partner from its earstwhile partnership firm cannot at all be claimed to be exempt under section 10(2A).21 Nov 20180Amount received by a retired partner from its earstwhile partnership firm cannot at all be claimed to be exempt under…
IT JudgementSushmita Sen case- capital receipt not liable for taxation.20 Nov 20180Sushmita Sen case- capital receipt not liable for taxation. Mumbai, Nov 19 (PTI) The Income Tax Appellate Tribunal (ITAT) passed…
IT JudgementGST paid under wrong head by mistake can be adjusted with another: HC17 Nov 20180GST paid under wrong head by mistake can be adjusted with another: HC GST paid under wrong head by mistake…
IT JudgementIN THE INCOME TAX APPELLATE TRIBUNAL COCHIN BENCH, COCHIN BEFORE S/SHRI CHANDRA POOJARI , AM & GEORGE GEORGE K., JM16 Nov 20180IN THE INCOME TAX APPELLATE TRIBUNAL COCHIN BENCH, COCHIN BEFORE S/SHRI CHANDRA POOJARI, AM & GEORGE GEORGE K., JM M/s. Midas Polymer Compounds Pvt.Ltd.,…
IT JudgementAppeals under Section 260A of the Income Tax Act, 196116 Nov 20180Respondent PRAYER: Appeals under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate…
IT JudgementIto 14(1)(2), Mumbai vs Sunil Ghanshyamdas Verliani, … on 28 November, 201615 Nov 20180Ito 14(1)(2), Mumbai vs Sunil Ghanshyamdas Verliani, … on 28 November, 2016 This appeal by the assessee is arising out…
IT JudgementAd-hoc disallowance without pointing out defect is not sustainable15 Nov 20180Ad-hoc disallowance without pointing out defect is not sustainable Disallowance had been made on ad-hoc basis without pointing out…
IT JudgementTransactions of receipt and payment on the same date cannot be treated as Deemed dividend u/s 2(22)(e)15 Nov 20180Transactions of receipt and payment on the same date cannot be treated as Deemed dividend u/s 2(22)(e) Trade and commercial…
IT JudgementSum received on relinquishment of ‘right to sue’ is non-taxable capital receipt: ITAT15 Nov 20180Sum received on relinquishment of ‘right to sue’ is non-taxable capital receipt: ITAT Facts: a) Assessee-company entered into a development…
IT JudgementBusiness disallowance u/s 40(a)(i) cannot be done if amount not claimed as deduction15 Nov 20180Business disallowance u/s 40(a)(i) cannot be done if amount not claimed as deduction Where assessee had not claimed impugned amount…
IT JudgementCBDT Instruction 1994 dated 11-05-1994 – Permissible holding of Gold not liable for seizure in search operation14 Nov 20180CBDT Instruction 1994 dated 11-05-1994 – Permissible holding of Gold not liable for seizure in search operation CBDT Instruction 1994…
IT JudgementAssessment based on Information from the Investigation Wing of Income Tax is Valid: ITAT13 Nov 20180Assessment based on Information from the Investigation Wing of Income Tax is Valid: ITAT The New Delhi bench of ITAT…
IT JudgementDate of agreement to sale can be considered as the date of transfer and not the date of conveyance deed.12 Nov 20180Sections 2(47) and 54 – Condition regarding purchase of new property within one year of transfer of old property –…
IT JudgementAssessee entitled to additional depreciation on plant and machinery used in manufacture of ready mix concrete12 Nov 20181 CommentSection 32 – Depreciation – Additional depreciation – Condition precedent – Manufacture of article – Assessee need not be principally…