Category: High Courts
What is principal business of assessee is very tricky question-High Court remands case to ITAT to examine applicability of exception u/s 73 of the Act ABCAUS Case Law Citation: ABCAUS 2905 (2019) (05) HC Important Case Laws Cited/relied upon by the parties Commissioner of Income Tax west Bengal-II …
Section 41(1) addition can not be invoked without any material evidence. High Court upheld quashing of addition made on account of remission/cessation of trade liability. ABCAUS Case Law Citation: ABCAUS 2903 (2019) (05) HC The appeal was filed by the Revenue against the order passed by the Income …
13 tests to determine if land is agricultural or not. High Court declares ITAT order as perverse in allowing capital gain exemption u/s 2(14)(iii) ABCAUS Case Law Citation: ABCAUS 2896 (2019) (04) HC Important Case Laws Cited/relied upon by the parties Sarifabibi Mohmed Ibrahim & Others Vs. Commissioner …
Registration u/s 12AA can not be denied for claiming exemption u/s 10(23C) earlier. Trust running hospital/school can apply under either for Sections. ABCAUS Case Law Citation: ABCAUS 2895 (2019) (04) HC Important Case Laws Cited/relied upon by the parties CIT vs. Bosotto Brothers Limited CIT Vs. M/s A.R. …
Central Government entitled to retain excess auction sale proceeds of confiscated goods u/s 125 of the Customs Act, 1962 and is under no obligation to refund the excess amount to the importer. ABCAUS Case Law Citation: ABCAUS 2891 (2019) (04) HC Important Case Laws Cited/relied upon by …
Loan pre-payment premium/charges paid for reducing interest liability not result in acquisition of any asset and not a capital but Revenue expenditure ABCAUS Case Law Citation: ABCAUS 2890 (2019) (04) HC The instant appeal was filed by the Revenue against the impugned order of the Income Tax Appellate …
Front end fees paid to bank for obtaining new loan is revenue expenditure by nature and the assessee is entitled to amortize it – High Court ABCAUS Case Law Citation: ABCAUS 2889 (2019) (04) HC Important Case Laws Cited/relied upon by the parties Madras Industrial Investment Corporation Ltd. …
Income Tax Act does not invite any pre-deposit for stay of demand. 20 per cent amount prescribed by CBDT Instruction can be reduced at the discretion of AO-High Court ABCAUS Case Law Citation: ABCAUS 2882 (2019) (04) HC Important Case Laws Cited/relied upon by the parties The …
Revisional order u/s 263 quashed following rule of consistency, Revenue argued that the principle of res judicata has no application in tax law ABCAUS Case Law Citation: ABCAUS 2881 (2019) (04) HC Important Case Laws Cited/relied upon by the parties Income Tax Officer v. DG Housing Projects Limited …
There is distinction between questions of law proposed by appellant for admission of appeal and questions framed by Court – Supreme Court ABCAUS Case Law Citation:ABCAUS 2880 (2019) (04) SC In the instant case, the appeal was filed against the judgment passed by the High Court dismissing the appeal of the Income Tax Department. The …