S. 28(i) : Business income-Maintenance charges of common areas from tenants-Assessable as business income and not as income from house property. [S. 22]
DCIT v. Arham IT Infrastructure (P.) Ltd. (2021) 190 ITD 657 (Delhi)(Trib.)S. 28(i) : Business income-Maintenance charges of common areas from tenants-Assessable as business income and not as income from house property. [S. 22]
DCIT v. Arham IT Infrastructure (P.) Ltd. (2021) 190 ITD 657 (Delhi)(Trib.)S. 24 : Income from house property-Deductions-Annual value-Society maintenance charges-Not allowable as deduction [S. 22, 23(1)(b), 24(a)]
Rockcastle Property (P.) Ltd. v. ITO (2021) 190 ITD 339 / 88 ITR 28 (SN) (Mum.)(Trib.)S. 23 : Income from house property-Annual value-Deemed rental income-Addition held to be justified. [S. 22]
Jaswantlal J. Shah v. ACIT (2021) 190 ITD 157 (Mum.)(Trib.)S. 23 : Income from house property-Annual value-Builder-Unsold stock-Deemed income-Assessable as income from house property-Estimate at 8.5% of investment was held to be not justified-Remanded for compute valuation of deemed rent. [S. 22]
Dimple Enterprises v. DCIT (2021) 190 ITD 199 (Mum.)(Trib.)S.14A : Disallowance of expenditure-Exempt income-Disallowance cannot exceed the exempt income. [R.8D]
Jaswantlal J. Shah. v. ACIT (2021) 190 ITD 157 (Mum.)(Trib.)/ MKJ Enterprises Ltd .v. DCIT (2020) 212 TTJ 507 (Kol)( Trib)/ACIT v. Madura Garments Lifestyle Retail Co. Ltd. (2021)92 ITR 11 (SN) (Mum) ( Trib)/JCIT v. T. V. Today Network Ltd. (2021)92 ITR 53 (SN)(Delhi) ( Trib)/Century Real Estate Holdings Pvt Ltd v. Dy.CIT ( 2021 ) 92 ITR 32 ( Bang)( Trib) Century Real Estate Holdings Pvt Ltd v. Dy.CIT ( 2021 ) 92 ITR 32 ( Bang)( Trib)S. 14A : Disallowance of expenditure-Exempt income-Dissatisfaction-Discussion made in the assessment order would satisfy requirement of recording of dissatisfaction. [R. 8D]
Hindustan Aeronautics Ltd. v. ACIT (2021) 190 ITD 721 (Bang.)(Trib.)S. 14A : Disallowance of expenditure-Exempt income-No exempt income during the year-No disallowance can be made. [R.8D]
Kumar Properties and Real Estate (P.) Ltd. v. DCIT (2021) 190 ITD 212 / 87 ITR 169 (SN) / 212 TTJ 227 / 202 DTR 425 (Pune) (Trib.)S. 14A : Disallowance of expenditure-Exempt income-Expenses in respect of investments yielded income can only be disallowed-Matter remanded-Interest free funds exceeded the investment made-Interest disallowance cannot be made. [R. 8D]
K. Raheja Corp. (P.) Ltd. v. DCIT (2021) 190 ITD 749 (Mum.)(Trib.)S. 12AA : Procedure for registration-Trust or institution-Failure to examine the documents filed-Matter remanded.
Panchkuva Cloth Merchant Association v. CIT (2021) 190 ITD 1 (Ahd.) (Trib.)S. 12AA : Procedure for registration-Trust or institution-Construction of chambers for lawyers-Supervise and regulate for benefit of lawyers community at large-Denial of registration was held to be not justified. [S. 2(15)]
Building Committee (Society) Barnala v. CIT (2021) 190 ITD 138 / 89 ITR 1 / 212 TTJ 128 / 202 DTR 121 (Chd.)(Trib.)