ITAT Delhi : CIT(A) dismissed the appeal just on the ground that in Form No.35, the section of assessment order mentioned is 144 instead of 143(3). CIT(A) held that it is an incurable defect. Tribunal noted that CIT(A) has not specified under which law, it is an incurable defect. On query in this regard from the ITAT, the… Read More ...

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Supreme Court of India : Municipal Corporation of Greater Mumbai & Ors Vs Property Owners’ Association & Ors(Supreme Court) Date-7th November,2022 Sub-When the property tax is levied on the basis of capital value system as against rateable value system, whether capital value can be fixed on the basis of future intended use or has to be fixed on the basis… Read More ...

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Supreme Court of India : Institute of Company Secretaries of India Vs Biman Debnath & Ors (Supreme Court) Date-7th November,2022 The Supreme Court of India today quashed the order of Single and Division bench of Calcutta High Court quashing and setting aside the election of office bearers of EIRC of ICSI held on 27-12-2021 by explaining the difference between vacation… Read More ...

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Madhya Pradesh High Court : CIT Indore Vs S Kumars Tyres Manufacturing Co Ltd (Madhya Pradesh High court) Date-4th November,2022 Sub-Whether there can be any penalty u/s 271(1)(c) in respect of a debatable issue? The Division bench of Madhya Pradesh High Court was considering department’s appeal when ITAT had given relief to the assessee by holding that there could not… Read More ...

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Supreme Court of India : State Bank of India Vs Assistant Commissioner of Income-tax (Supreme Court) Date- 4th November 2022 Sub-Whether an employer is liable to deduct tax at source on leave travel concession(LTC) paid to its employees and whether when the LTC is claimed by the employee for the shortest route between place of work and home town though… Read More ...

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Jharkhand High Court : Sri Ramjanki Tapovan Mandir Ranchi Vs CIT(Exemptions)[Jharkhand High Court] Date-3rd November,2022 Sub: Whether deity of a temple can transfer land belonging to the trust and whether Tribunal can travel beyond the reasons recorded in the order impugned before it and develop a complete de novo case for the Revenue. The Hon’ble Division Bench of Jharkhand… Read More ...

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Supreme Court of India : OCL Limited Vs State of Orissa & Ors (Supreme Court) Date- 4th November, 2022 Sub-Whether the exclusion of an industrial area or areas from the limits of municipal councils or municipalities under the state laws in exercise of statutory power or by virtue of a declaration under proviso to Article 243-Q, would result in that… Read More ...

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Orissa High Court : Anil Raj Tuli Vs ITO, NFAC Delhi and others (Orissa High Court) Date-3rd November 2022 Sub- Reassessment notice u/s 148 for AY 2014-15 dated 30th March 2021 issued under the old law quashed in view of change of opinion. The Chief Justice Bench of Orissa High court in this case was interalia dealing with objection… Read More ...

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Supreme Court of India : Assistant Commissioner of Income-tax(Exemptions) Vs Ahmedabad Urban Development authority(Supreme Court) Date-3rd November,2022 The Supreme Court today was hearing a miscellaneous application which was filed by the department seeking clarification in relation to the judgement of the Supreme Court which was pronounced on 19th October, 2022 (original judgement)regarding interpretation of Section 2(15) of Income-tax Act,1961. As… Read More ...

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BANGALORE ITAT: additional income declared during the course of survey can be treated as business profits and remuneration paid to partners on the same is to be allowed u/s 40(b) - Held Yes Read More ...

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