Category: Income Tax
Mere affidavits of typographical error by typist & CA in Audit Report not enough when assessee was found to maintain duplicate accounts – Supreme Court ABCAUS Case Law Citation:ABCAUS 3735 (2023) (05) SC Important Case Laws relied upon:CST vs. Esufali (HM) Abdulali (HM) (1973) 90 ITR 271 (SC)Nalinakshi …
Credit for TDS inadvertently not claimed in return of income allowed by ITAT holding that assessee should not be deprived of the benefit of the TDS credit which was inadvertently not claimed in the return of income ABCAUS Case Law Citation:ABCAUS 3734 (2023) (05) ITAT Important Case Laws …
Penalty u/s 271D initiated when assessee was alive but order invalid if passed in the name of assessee after his death ABCAUS Case Law Citation:ABCAUS 3733 (2023) (05) ITAT Important Case Laws relied upon:ITO v. Bhupendra Bhikhalal Desai 131 taxmann.com 40 (SC)ITO vs. Durlabhbhai Kanubhai Rajpara 114 taxmann.com …
Date of actual payment of salary to be considered for disallowance of EPF u/s 36(1)(va) for delay in deposit within 15 days – ITAT ABCAUS Case Law Citation:ABCAUS 3732 (2023) (05) ITAT Important Case Laws relied upon:Checkmate Services (P.) Ltd. Vs CIT-1, 143 taxmann.com 178 (SC)Primary Agricultural Cooperative …
Delay in filing appeal condoned as assessee was not a tech savvy person and could not see notice sent to email mentioned in Form No. 35 ABCAUS Case Law Citation:ABCAUS 3730 (2023) (05) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) …
Belated Form 10 allowed as trust had reasonable belief it has applied 85% of income for charitable purposes and not required to file Form 10 for accumulation of income ABCAUS Case Law Citation:ABCAUS 3729 (2023) (05) ITAT In the instant case, the assessee had challenged the order passed …
Deduction u/s 57(iv) allowable against Interest received on enhanced compensation for land acquisition despite assessee engaged in business of real estate. ABCAUS Case Law Citation:ABCAUS 3728 (2023) (05) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in in rejecting the claim …
No furnishing transporters declaration u/s 194C(7) does not mean non compliance of section 194C(6) leading to disallowance u/s 40(a)(ia) – ITAT ABCAUS Case Law Citation:ABCAUS 3727 (2023) (05) ITAT Important Case Laws relied upon:Sunbeam Auto Ltd. 332 ITR 167 In the instant case, the assessee had challenged the …
Cost of acquisition in construction of roof rights in property – ITAT remands case for consideration of report of valuer. ABCAUS Case Law Citation:ABCAUS 3726 (2023) (05) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in sustaining the addition on account …
CPC making adjustment u/s 143(1)(a) without giving opportunity despite availability of correct position was a mistake of apparent nature – ITAT ABCAUS Case Law Citation:ABCAUS 3725 (2023) (04) ITAT Important Case Laws relied upon:Kalpesh Synthetics (P) Ltd. vs. DCIT 137 Taxmann. com 475 In the instant case, the …
