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Pr CIT,New Delhi Vs Brahma Centre Development Pvt limited (Delhi High Court)
Delhi High Court: PCIT Vs Brahma Centre development Private Limited Forum - Delhi High Court Date -5th July, 2021 Sub-Whether the enquiry made by the AO during the course of Assessment has any value for the purpose of initiating proceedings u/s 263 and connected issues The matter related to the treatment of interest on fixed deposit which were… Read More ...
Rambhai Patel (Gujarat High Court)
Gujarat High Court: Notice under Section 148 has to be 'served' upon the assessee. If Notice is not served, the same is invalid and deserves to be quashed and set aside. Read More ...
Reepak Kansal Vs Union of India and others (Supreme Court)
Supreme Court : Reepak Kansal Vs Union of India & Ors Date-30th June 2021 Forum Supreme Court of India Sub-Whether COVID-19 is a disaster within the meaning of Disaster Management Act ,2005 and the citizens having been guaranteed Right to life under Article 21 of the Constitution of India are entitled to monetary and other reliefs as per… Read More ...
BANKIM BHAGWANJI CHAAUHAN Versus INCOME TAX OFFICER, WARD 1 (Gujarat High Court)
Gujarat High Court: Where a issue was not scrutinized under Section 143(3), however queries were raised before issuance of Notice under Section 148 and the Petitioner responded to the queries and furnished all the relevant details, there is no fault in Petitioner's part and the reopening is impermissible. Where Reasons for reopening mentions that Requisite details were not… Read More ...
LATE BHUPENDRA BHIKHALAL DESAI (SINCE DECD.) THROUGH LEGAL HEIR RAJU BHUPENDRA DESAI Versus THE INCOME TAX OFFICER WARD 1(2)(1) (Gujarat High Court)
Gujarat High Court: Notice issued to a deceased/ dead person under Section 153C is invalid "23. The following principles are discernible from the above referred judgment of this Court : i. The issuance of the notice to a dead assessee is not a mere technical defect which can be corrected under Section 292B of the Act. The issuance… Read More ...
SIDDHI DEVELOPERS AND BUILDERS Versus ASST COMMISSIONER OF INCOME TAX CIRCLE NO 3(3) (Gujarat High Court)
Gujarat High Court: Reopening of a scrutinized issue beyond 4 years is impermissible when the Petitioner had disclosed fully and truly all material facts. Reopening of a scrutinized issue beyond a period of 4 years without there being any fault on Petitioner's part in disclosing fully and truly all material facts amounts to Mere Change of Opinion and… Read More ...
GOPALBHAI BABUBHAI PARIKH Versus PRINCIPAL COMMISSIONER OF INCOME TAX 4 (Gujarat High Court)
Gujarat High Court: The writ applicant opted for the scheme of early retirement as declared by the ICICI Bank Ltd. He received a sum of Rs.15,69,701/ in accordance with the Early Retirement Option (ERO), 2003 Scheme framed by the Bank. He filed his return of income for the year under consideration without claiming benefit of the exemption under… Read More ...
Daya Nand Pushpa Devi Charitable Trust Ghaziabad Vs Additional Commissioner of Income-tax (Allahabad High Court)
Allahabad High Court : Dayanand Pushpa Devi Charitable Trust Vs Addl Commissioner of Income-tax Forum-Allahabad high court Date-23rd June, 2021 Sub-Whether activity of maintaining hostel in a Dental college amounts to carryon business for the purpose of Section 11(4A) of Income-tax Act,1961 and thus taxable notwithstanding the exemption u/s 11 of the Income-tax Act,1961 The Court was hearing an… Read More ...
D S PATIL v PCIT CENTRAL CIRCLE (ITAT BANGALORE)
ITAT BANGALORE - B BENCH: Aseesee's Employer subjected to search wherein certain information pertaining to assessee also found and assessee also gave a declaration u/s 132(4) admitting the same to be his. Upon being satisfied that it is a fit case for assessment u/s 153C, AO issued notice and later concluded the assessment making certain additions. Penalty proceedings were initiated… Read More ...
M/s MAHADEV COLD STORAGE VS. Jurisdictional Assessing Officer (ITAT Agra)
ITAT Agra Bench: Section 43B: Employee’s Deduction – Before due date of filing of return – Binding Precedent – Order of Jurisdictional High Court – binding on AO situated within territorial jurisdiction and respective first appellate authority. The Hon’ble Income-tax Appellate Tribunal – Agra Bench in the case of Mahadev Cold Storage v. Jurisdictional AO ITA No.41 &… Read More ...