Judgements Uploaded By Users In Category: Income-Tax Act
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The Delhi High Court has held that For AY 2018-2019 Draft Assessment Order and Show Cause notice were issued during lockdown which petitioner could not comply due to lockdown. National Faceless Assessment Centre completed the assessment on 23-5-2021 during lockdown itself. In this interim order Hon'ble Delhi High Court admitting the WRIT stayed the assessment order. Read More ...
The Delhi High Court has held that A careful perusal of clause (vii) of Section 144B (7) would show that liberty has been given to the assessee, if his/her income is varied, to seek a personal hearing in the matter. The usage of the word 'may' cannot absolve the Revenue from the obligation cast upon it, to consider the request made for… Read More ...
The Delhi Tribunal has held that S. 153A : Assessment-Search-HSBC Bank Geneva-No addition can be made without any incriminating documents seized in the Course of Search-When the information is not provided by Swiss Competent Authority- No addition can be made as undisclosed asset in Swiss Account- Addition was deleted-Penalty was quashed-DTAA-India-France. [S.90, 132(4), 153B(1)(a), Art.26] The Hon’ble Delhi ITAT held that… Read More ...
The Hon'ble Rajasthan High Court (JP Bench) has held that Facts : 143(3) read with sections 144B of the Income-taxAct, 1961 - Assessment year 2018-19 – Faceless Assessment – Caseof assessee selected for scrutiny stating “Compliancewith TDS provision on payment outside India” – AO issued various notices calling for information – Assessee dulyreplied to all the notices – Thereafter, AO straight away passed the impugnedassessment… Read More ...
The Delhi High Court has held that PCIT-8 Vs Sony Mobile Communications India Pvt ltd Forum- Deli High Court Date-18th May 2021 Sub-Whether when a company is merged with another company after the filing of return but before original assessment order is passed and the original order and subsequent order in pursuance of remand from high court, in passed in the old… Read More ...
The ITAT Mumbai has held that The Hon’ble ITAT – Mumbai Bench in the case of Shri Mohan Thakur v. ACIT ITA No. 1434-37/Mum/2018 dated May 24, 2021 where addition was made under section 69 of the Act on account of information received from Australian Authorities pertaining to an alleged havala transaction, it was held that there is absolutely no other… Read More ...
The Delhi High Court has held that The claim of the petitioner is that the impugned assessment order dated 21.04.2021 has been passed, without adherence to the statutory provisions contained in clauses (xiv) to (xvi) of Section 144B(1), and 144B(9) of the Income Tax Act, 1961 (in short “the Act”). The petitioner claims that the impugned assessment order was passed without passing… Read More ...
The Hon'ble Bombay High Court has held that Petition under Article 226 of the Constitution of India, petitioner seeks quashing of order dated 19.03.2020 passed by the Income Tax Appellate Tribunal, Bangalore Bench. The Order pertained to transfer of the said appeals from the Bangalore Bench of the Income Tax Appellate Tribunal to Mumbai Benches of the Income Tax Appellate Tribunal. The Writ… Read More ...
The Madras High Court has held that CIT,Chennai Vs S.Muthu Palaniappan Chettinad Housing No 1 Forum-Madras High Court Date 22.04.2021 Sub-Whether open terrace in a private house can be included within the area for computing the built up area for the purpose of deduction u/s 80IB(10) and whether the time limit for building plan approval has to be computed from the last… Read More ...
The Honourbale Vishakapatanam Tribunal has held that Can addition be made U/s. 68 where cash have been deposited in Bank out of cash sales and shown as revenue receipt and offered as Income ? Read More ...