IT Judgement

Judgment relevant for Many Taxpayers: No addition can be done,merely on the basis of entry in Form No. 26AS, without due examination.

6 years ago

Judgment relevant for Many Taxpayers: No addition can be done,merely on the basis of entry in Form No. 26AS, without…

Company Law IT Judgement

Initiation of Corporate Insolvency Resolution Professional as per Insolvency and Bankruptcy Code 2016.

6 years ago

Initiation of Corporate Insolvency Resolution Professional as per Insolvency and Bankruptcy Code 2016. Chitra Sharma vs Union Of India on…

IT Judgement

Validity of Reassessment if Notice under section 148 is issued by officer not having jurisdiction over assessee

6 years ago

Validity of Reassessment if Notice under section 148 is issued by officer not having jurisdiction over assessee short overview :…

IT Judgement

Validity of Reassessment if Notice under section 148 is issued in name of deceased assessee & No name of legal heirs is mentioned

6 years ago

Validity of Reassessment if Notice under section 148 is issued in name of deceased assessee & No name of legal…

IT Judgement

Validity of Reassessment u/s 148 if AO failed to pass any speaking order in disposing of assessees objections

6 years ago

Validity of Reassessment u/s 148 if AO failed to pass any speaking order in disposing of assessees objections short overview…

IT Judgement

True Interpretation of Section 34(3)(a) of the Income Tax Act 1961 regarding making entries in respect of development rebate and development rebate reserve even after the closure of the accounts

6 years ago

True Interpretation of Section 34(3)(a) of the Income Tax Act 1961 regarding making entries in respect of development rebate and development…

IT Judgement

Denial of the Exemption under Section 11 due to the Material Changes made in the Object Clause of the Charitable Trust.

6 years ago

Denial of the Exemption under Section 11 due to the Material Changes made in the Object Clause of the Charitable…

IT Judgement

Interesting Case: Insurance premium paid for the family member of employee is a deductible expenditure – Delhi ITAT

6 years ago

Interesting Case: Insurance premium paid for the family member of employee is a deductible expenditure – Delhi ITAT Loesche India…

IT Judgement

Addition under section 68 made merely on the basis of doubts, conjectures or surmises is liable to be deleted

6 years ago

Addition under section 68 made merely on the basis of doubts, conjectures or surmises is liable to be deleted Short…

IT Judgement

Disallowance of claim of loss not properly appearing in acknowledgment of return under section 153A is not correct

6 years ago

Disallowance of claim of loss not properly appearing in acknowledgment of return under section 153A is not correct short overview…

IT Judgement

Income on account of undisclosed sundry debtors surrendered during survey is business income and AO cannot treat it as deemed income under sections 69, 69A/B/C

6 years ago

Income on account of undisclosed sundry debtors surrendered during survey is business income and AO cannot treat it as deemed…

IT Judgement

Disallowance on account of the foreign tour expenses on the ground that expenses were not supported by the vouchers and not incidental to the business of Assessee company

6 years ago

Disallowance on account of the foreign tour expenses on the ground that expenses were not supported by the vouchers and…

IT Judgement

Expenditure incurred in bringing the machinery gifted by a foreign company to India is includible in actual cost

6 years ago

Expenditure incurred in bringing the machinery gifted by a foreign company to India is includible in actual cost Ciba Of…

IT Judgement

A welcome Move: CBDT grants exemption under section 56(2)(x) to resident of unauthorised colony

6 years ago

A welcome Move: CBDT grants exemption under section 56(2)(x) to resident of unauthorised colony CBDT grants exemption under section 56(2)(x)…

IT Judgement

Another Landmark Judgment : Deposit of amount in capital gain a/c scheme isn’t a mandatory condition to claim Sec. 54 relief

6 years ago

Another Landmark Judgment : Deposit of amount in capital gain a/c scheme isn’t a mandatory condition to claim Sec. 54…

Income Tax IT Judgement Latest Update

Delhi ITAT deleted addition of cash deposits during demonetisation

6 years ago

Delhi ITAT deleted addition of cash deposits during demonetisation Agson Global Pvt. Ltd [TS-660-ITAT-2019(DEL)] An addition of Rs. 73 Crore to…

IT Judgement

Reopening assessment done mere on the basis of advisory issues by department is not justified

6 years ago

Reopening assessment done mere on the basis of advisory issues by department is not justified Where Assessing Officer issued a…

IT Judgement

No Penalty under section 271D if Assessee received cash loans from family members

6 years ago

No Penalty under section 271D if Assessee received cash loans from family members Short Overview: Penalty levied under section 271D was…

IT Judgement

Judgment relevant for Many Taxpayers: No addition can be done,merely on the basis of entry in Form No. 26AS, without due examination.

Initiation of Corporate Insolvency Resolution Professional as per Insolvency and Bankruptcy Code 2016.

Validity of Reassessment if Notice under section 148 is issued by officer not having jurisdiction over assessee

Validity of Reassessment if Notice under section 148 is issued in name of deceased assessee & No name of legal heirs is mentioned

Validity of Reassessment u/s 148 if AO failed to pass any speaking order in disposing of assessees objections

True Interpretation of Section 34(3)(a) of the Income Tax Act 1961 regarding making entries in respect of development rebate and development rebate reserve even after the closure of the accounts

Denial of the Exemption under Section 11 due to the Material Changes made in the Object Clause of the Charitable Trust.

Interesting Case: Insurance premium paid for the family member of employee is a deductible expenditure – Delhi ITAT

Addition under section 68 made merely on the basis of doubts, conjectures or surmises is liable to be deleted

Disallowance of claim of loss not properly appearing in acknowledgment of return under section 153A is not correct

Income on account of undisclosed sundry debtors surrendered during survey is business income and AO cannot treat it as deemed income under sections 69, 69A/B/C

Disallowance on account of the foreign tour expenses on the ground that expenses were not supported by the vouchers and not incidental to the business of Assessee company

Expenditure incurred in bringing the machinery gifted by a foreign company to India is includible in actual cost

A welcome Move: CBDT grants exemption under section 56(2)(x) to resident of unauthorised colony

Another Landmark Judgment : Deposit of amount in capital gain a/c scheme isn’t a mandatory condition to claim Sec. 54 relief

Delhi ITAT deleted addition of cash deposits during demonetisation

Reopening assessment done mere on the basis of advisory issues by department is not justified

No Penalty under section 271D if Assessee received cash loans from family members

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