Category: Income Tax
CBDT amends notification of Special Courts under Income Tax Act and Black Money Act for the State of Tamil Nadu MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)(Investigation Division-V) Notification No. 13/2023 New Delhi, the 14th March, 2023 S.O. 1223(E).—In exercise of the powers conferred by sub-section …
Transportation/Mess Fee held integral part of education, the main objective of the trust – ITAT deleted additions made u/s 11(4A) ABCAUS Neutral Case Law Citation:ABCAUS 3686 (2023) (03) ITAT Important Case Laws relied upon by parties:Daya Nanda Pushpa Devi Charitable Trust Vs. ACIT In the instant case, the …
Prosecution u/s 276CC – Whether default is willful or not is a fact to be decided by trial court on the basis of evidence adduced – High Court ABCAUS Neutral Case Law Citation:ABCAUS 3685 (2023) (03) HC In the instant case, the assessee had filed a Petition before …
Accepting rental income from commercial complex as business income instead of house property was erroneous and prejudicial to the interest of Revenue- ITAT ABCAUS Neutral Case Law Citation:ABCAUS 3684 (2023) (03) ITAT In the instant case, the assessee had challenged the revisionary order passed by the PCIT u/s …
ITAT slams appellant in filing multiple appeals as abuse of process of Court, against the principles of Res Judicata and principles of Constructive Res Judicata ABCAUS Neutral Case Law Citation:ABCAUS 3683 (2023) (03) ITAT Important Case Laws relied upon by parties:Devilal Modi vs. Sales Tax Officer AIR 1965 …
Sundry Creditors written off by debiting to software account was not income as the software purchased was of no use and no depreciation was claimed ABCAUS Neutral Case Law Citation:ABCAUS 3681 (2023) (03) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) …
Income Tax Penalty u/s 271AAB deleted as assessee was declaring income on presumptive basis, was not required to maintain books and addition was made on estimated basis. ABCAUS Neutral Case Law Citation:ABCAUS 3680 (2023) (03) ITAT In the instant case, the assessee had challenged the order passed by …
CBDT exempts income of Insolvency and Bankruptcy Board of India u/s 10(46) MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 09/2023 New Delhi, the 1st March, 2023 S.O. 947(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 …
Appeal Fee to be paid to ITAT on appeal against Rectification order u/s 154– Residual clause of section 253(6)(d) not applicable says ITAT ABCAUS Neutral Case Law Citation:ABCAUS 3679 (2023) (02) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) / NFAC …
Cessation of Liability u/s 41 – Calcutta High Court demystifies the Income TaxLaw ABCAUS Neutral Case Law Citation:ABCAUS 3678 (2023) (02) HC Important Case Laws relied upon by parties:Commissioner of Income Tax vs. Sugauli Sugar Works Private Limited 1999) 236 ITR 519Chief Commissioner of Income Tax vs. Kesaria …
