Daily Archive: Thursday, March 10, 2016

CBDT-Appeal filing monetary limits applies to cross objections also

Author: | Categories: Income Tax No comments
Government of India Ministry of Finance Central Board of Direct Taxes F.NO.279/MISC./M-142/2007-ITJ (PART) New Delhi, 8th March, 2016 All Pr. Chief Commissioners of Income-tax All Director Generals of Income-tax Subject: Clarification on applicability of Circular 21/2015-reg: The monetary limits for filing appeals before the Income Tax Appellate Tribunals and

ICAI Revision Test Papers-May 2016 for Final/Intermediate/IPC Exam Released

Author: | Categories: ICAI No comments
ICAI Announcement Apart from various other educational inputs, the Board of Studies also releases Revision Test Papers for the forthcoming Examinations both for Final and Intermediate (IPC) Courses to enable the aspiring students to assess their preparation and update with latest developments. This is to inform that the Revision

Rent from commercial property taxable as business income not house property

Author: | Categories: Income Tax, ITAT, Judgments No comments
INCOME TAX APPELLATE TRIBUNAL RAJKOT BENCH, RAJKOT ITA No: 337/Rjt/2013 & C.O. No. 3/Rjt/14 Assessment Year: 2009-10 ITA Nos: 98 & 99/Rjt/2015 Assessment Years: 2010-11 & 2011-12 Parties: Income tax Officer vs. M/s Ultravision Associates Date of Order: 09/03/2016 ORDER PER ANIL CHATURVEDI, ACCOUNTANT MEMBER These appeals of Revenue and

Section 79 do not apply to carry forward and set off of unabsorbed depreciation in case of change in shareholding

Author: | Categories: Income Tax, ITAT, Judgments No comments
INCOME TAX APPELLATE TRIBUNAL BANGALORE BENCH ‘A’, BANGALORE I.T(TP).A No.635/Bang/2015 (Assessment Year : 2009-10) M/s. Swiss Re Healthcare Services P. Ltd ….. Appellant  vs. Principal Commissioner of Income-tax …Respondent Date of Order: 09/03/2016 ORDER PER ABRAHAM P. GEORGE, ACCOUNTANT MEMBER : In this appeal filed by assessee it is aggrieved by

Capital Gain Exemption u/s 54B investment in wife name allowed but disallowed in bhabhi name

Author: | Categories: Income Tax, ITAT, Judgments No comments
Capital Gain Exemption u/s 54B investment in wife name allowed but disallowed in bhabhi name ABCAUS Citation: 910 (2016) (03) 2016 Date/Month of Order: March, 2016 ORDER This is an appeal filed by Revenue against the order of learned CIT(A), Ludhiana, dated 17.10.2014, for the Asst. Year 2009-10. 2. The

Disallowance u/s 40A(3) for cash payments cannot be made if genuineness not doubted

Author: | Categories: Income Tax, ITAT, Judgments No comments
INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH; AMRITSAR I.T.A No. 102(Asr)/2014 Assessment Year: 2010-11 Rakesh Kumar (Appellant) vs. Asst. CIT (Respondent) Date of Order: 09-03-2016 ORDER PER T. S. KAPOOR (AM): This is an appeal filed by assessee against the order of learned CIT(A), dated 4.11.2013, for Asst. Year: 2010-11. 2. The only
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