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Sobha Developers Ltd. Vs. Deputy Commissioner of Income Tax, LTU, Bangalore
HIGH COURT OF KARNATAKA: Disallowance made u/s. 14A of the Income-tax Act, 1961 ("the Act") could not be added to book profits of the assessee u/s. 115JB of the Act. The assessee is a company engaged in financing industrial units in the State of Karnataka. The assessee filed its ROI for A.Y. 2009-10 on 30.09.2011 declaring the book profit… Read More ...
B Kubendran Vs DCIT Chennai
Madras High Court : B.Kubendran Vs DCIT,Chennai Madras High court Date 9th April, 2021 Sub-Whether issuance of notice u/s 143(2) is mandatory for completing search assessment u/s 153A/C of the Income-tax Act,1961- Decision of Hotel Blue Moon (Supreme Court) distinguished. The single bench of Madras high court Justice Dr Anita Sumanth in this case was considering the question of… Read More ...
Jayama Xavier Vs Registrar of Firms
Kerala High Court : *Jayama Xavier Vs Registrar of Firms* *Date-08/04/2021* *Court- Kerala High Court* *Sub-Whether a LLP can be a partner in a partnership firm constituted under Indian Partnership Act, 1932.* The Hon’ble Kerala High Court in the case of Jayama Xavier Vs Registrar of firm was considering the rejection of registration of deed of partnership which was… Read More ...
DCIT Vs Pepsi Foods Limited
Supreme Court : *Deputy Commissioner of Income-tax & Another Vs Pepsi Foods Limited * *Forum-Supreme Court of India* *Date-6th April 2021* *Sub-Constitutional validity of 3rd proviso to Section 254(2A) of the Income-tax Act,1961* The Apex Court in a land mark decision held that *the 3rd proviso to Section 254(2A) to be unconstitutional and violative of Article 14 of… Read More ...
GE Capital Mauritius Overseas Investments Vs Deputy Commissioner of Income-tax
Delhi High court : GE Capital Mauritius Overseas Investments Vs Deputy Commissioner of Income-tax & another Delhi High court Date-26th March 2021 Sub-whether order u/s 241A withholding refund pending completion of scrutiny assessment can be quashed by writ court under article 226 of the Constitution of India. The Delhi high court in an interesting case as above was dealing… Read More ...
VIRENDER KUMAR VS ITO 1(1) ALWAR ITA NO 1100/JP/2019
ITAT JAIPUR: WHEN SOURCE OF CASH DEPOSIT IS INCLUDED IN TURNOVER OFFERED FOR TAX IN RETURN OF INCOME FILED U/S 44AD, NO ADDITION IS VALID Read More ...
AMIT KUMAR DEY VS DCIT (ITA NO 5526/DEL/2018)
ITAT DELHI : Enhancement made by the CIT (Appeals) on issues, which were not part of limited scrutiny invalid and in violation to CBDT Instructions . Read More ...
ITO VS MOMENTUM TECHNOLOGIES PVT LTD (ITA NO 5802/DEL/2017)
ITAT DELHI : NO REOPENING VALID WHEN TIME LIMIT FOR SCRUTINY PENDING FROM REVISED RETURN FILED UNDER SECTION 139(5) Read More ...
Reserve Bank of India Vs Jindal STeel and Power Limited
Delhi High court : Power of RBI to withhold remittance to be made under Automatic route to Wholly owned Subsidiary- cannot be used to reject the remittance on whimsical and arbitrary reasons Court- Delhi High court Date -26th March 2021 Citation-Reserve Bank of India Vs Jindal STeel and Power Limited. In this era of globalisation where the global trade… Read More ...
Sinfonia Tradelink Pvt ltd Vs ITO
Delhi High court : Glaring mistakes in reasons recorded in writing, Approval u/s 151 also improper- Delhi High court quashes notice u/s 148 ignoring plea of alternative remedy. Citation-Synfonia Tradelinks Private limited Vs ITO Court- Delhi High court Date-26th March 2021 In a case where there was complete non application of mind not only in the way reasons were… Read More ...