Judgements Uploaded By Users In Category: Income-Tax Act
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The Supreme Court of India has held that PCIT Chandigarh Vs ABC Papers Limited (Supreme Court) Date-18th August 2022 Sub-The Hon’ble Supreme court in this case was called upon to decide which High Court would have the jurisdiction to entertain an appeal against a decision of a Bench of the ITAT exercising jurisdiction over more than one state, particularly when case(s) of same… Read More ...
The Allahabad High Court has held that Rs. 50 lakhs cost imposed on the department in case of arbitrary demand and proceedings initiated on the pretext of Faceless Assessment under Income Tax. Hon. Allahabad HC rejects affidavit of Principal Chief Commissioner of Income Tax, U.P. Read More ...
The Allahabad High Court has held that In this case the assessee had submitted a reply to the notice under clause (b) of Section of Section 148A. However, the impugned order under Section 148A(d) had been passed on the ground that no reply has been submitted. The application for rectification of the mistake submitted by the petitioner u/s 154 had been rejected… Read More ...
The ITAT Indore has held that that when the assessment is taken up for limited scrutiny, Ld. Pr. CIT/CIT cannot hold the assessment order as erroneous and prejudicial to the interest of revenue in respect of issue which was not a reason for selection of the case for limited scrutiny. Read More ...
The Calcutta High Court has held that PCIT Vs Burdwan Development Authority (Calcutta high court) Date-1st August 2022 Sub-Whether project completion method followed by the assessee was in accordance with law and thus no interference was called for? The division bench of Calcutta High Court in this short judgement refused to to interfere when the Principal commissioner challenged the relief granted by… Read More ...
The Bombay High Court has held that S. 40(a)(ia) : Amounts not deductible-Deduction at source-Tax deposited before filing of return-No disallowance can be made- Amendment made by the Finance Act, 2010 being curative in nature required to be given retrospective operation i.e., from the date of insertion of the said provision. [S. 139(1)] The assessee had made payment on account of sub-contracting,… Read More ...
The Mumbai Tribunal has held that S. 68-Cash deposited during demonetisation-addition made by AO. Assessee, engaged in the business of trading in diamond deposited an amount of Rs. 45 lakhs in its bank account during the demonetisation period in FY 2016-17. The Assessee explained the source of the amount deposited as from cash in hand recorded in the books and advance… Read More ...
The Bombay High Court has held that S. 281 : Certain transfers to be void-Natural justice-Order passed without giving an opportunity of hearing-Bad in law-Tax recovery Officer has no jurisdiction to examine whether the transfer is void-Order was quashed. [S. 222, Rule 11 of the Second Schedule, Art, 226, Transfer of Property Act, 1882, S. 53] The petitioner challenged the order passed… Read More ...