Category: Income Tax
Additional Evidence admitted due to non-seriousness of Authorised Representative and for non service of notices ABCAUS Case Law Citation:ABCAUS 3186 (2019) (11) ITAT In the instant case, the appeal by the assessee was directed against order passed by the Commissioner of Income-tax (Appeals) in not permitting the assessee …
Extension of due date for filing of Income-tax Returns/Tax Audit Reports for Union Territory of Jammu Kashmir and Ladakh to 30th November, 2019 F.No. 225/306/2019-ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes North Block, ITA-II DivisionNew Delhi Dated: 31st October, 2019 Order under Section 119 …
Revisionary order u/s 263 passed in the name of dead person quashed. CIT was not justified in setting aside the assessment ignoring the fact that assessee had already expired ABCAUS Case Law Citation:ABCAUS 3185 (2019) (10) ITAT Important case law relied upon by the parties:CIT Vs. M. Hemanathan, …
Excel Auto 234ABC Interest Calculator for AY 2019-20 with accurate calculation as per revised provisions. Download for Corporate and Non-corporate Assessees Section 234A, 234B and 234C of the Income tax Act, 1961 deals with interest for delay in ITR Filing or Short/Non deposit of Advance tax. Interest is …
Addition for creditors balance difference in fish trading business. 100% accounts reconciliation impossible considering perishable nature of business ABCAUS Case Law Citation:ABCAUS 3183 (2019) (10) ITAT Additions for creditors balance difference in fish trading business The appellant assessee was an individual and was trading in fish. The case …
Addition made for excess agriculture productivity of fruits quashed. No disallowance can be made merely on basis of report of Agriculture Officer ABCAUS Case Law Citation:ABCAUS 3182 (2019) (10) ITAT Addition made for excess agriculture productivity In the instant case, appeal was filed by the assessee against …
Prosecution 276C for wilful attempt to evade tax stayed during pendency of appeal as its outcome would have bearing on the prosecution against the petitioners. ABCAUS Case Law Citation:ABCAUS 3181 (2019) (10) HC Important case law relied upon by the parties:K.C.Builders v. Assistant Commissioner of Income Tax : …
Disallowance 40A3 for cash payments by brick kiln quashed as payments made to truck drivers at night after banking hours at village without banking facilities ABCAUS Case Law Citation:ABCAUS 3180 (2019) (10) ITAT Important case law relied upon by the parties:CIT vs. Raja Pal Automobiles (2010) 320 ITR …
Sale of scrap reduced from WIP upheld. Scrap held inextricably linked with construction / developmental activity ABCAUS Case Law Citation:ABCAUS 3179 (2019) (10) ITAT Important case law relied upon by the parties:Bokaro Steel Ltd. 236 ITR 315 In The instant case, the assessee had challenged the order passed …
Notice can be served on Chartered Accountant as agent of assessee when CA holds Power of Attorney of the Company for the relevant AY – Supreme Court ABCAUS Case Law Citation:ABCAUS 3178 (2019) (10) SC Important case law relied upon by the parties:State of Rajasthan v. Basant Nehata 2005 (12) SCC 77 Notice …
