Income Tax

  • Income Tax

Asking written Agreement to Sell was arbitrary & perverse when Law permits oral contacts – ITAT

Insistence of tax authorities to produce a written Agreement to Sell was arbitrary perverse and unreasonable when Law permits oral…

5 years ago
  • Income Tax

No question to supply reasons recorded for reopening unless return is filed u/s 148 – ITAT

No question to supply reasons recorded unless return is filed u/s 148. ITAT dismissed the ground never raised before the…

5 years ago
  • Income Tax

Service tax w/o to PL A/c when input credit not allowed under Cenvat Credit Rules. ITAT deleted addition

Allowability of service tax written off to PL Account when input credit not allowed under Cenvat Credit Rules. ITAT deleted…

5 years ago
  • Income Tax

Neither assessee can withdraw nor CIT(A) can dismiss appeal for non-prosecution. ITAT explains powers/duty of FAA

Neither assessee can withdraw appeal nor CIT(A) can dismiss appeal for non-prosecution. ITAT explains the powers and duty of the…

5 years ago
  • Income Tax

Property acquired by ITD u/s 269UE-HC asks CBDT to consider regularising ownership of bonafide buyer

Property acquired by ITD u/s 269UE-High Court asks CBDT to consider regularising ownership of bonafide purchaser on payment of difference…

5 years ago
  • Income Tax

Assessment order in name of non-existent company void-Supreme Court puts controversy to rest

Assessment order in the name of non-existent amalgamating company void. Supreme Court put the controversy to rest once for all…

5 years ago
  • Income Tax

Notice u/s 263 issued by AO held valid as it was signed by AO in his ministerial capacity

Notice u/s 263 issued by AO was held valid when notice itself stated that PCIT directed its issuance and AO…

5 years ago
  • Income Tax

Salary accrued to non-resident for services rendered outside India not taxable

Salary accrued to non-resident for services rendered outside India not taxable and included in the total income. ABCAUS Case Law…

5 years ago
  • Income Tax

Good Work Reward to employee held not constituting bonus u/s 36(1)(ii) and allowable u/s 37

Good Work Reward to employee held not constituting bonus u/s 36(1)(ii) and allowable as normal business expenditure u/s 37 of…

5 years ago
  • Income Tax

Exemption u/s 54B allowed though not claimed in return of income nor revised return filed

Claim for exemption u/s 54B allowed though not made in the return of income. AO had disallowed claim as revised…

5 years ago