Category: Income Tax
Allowability of service tax written off to PL Account when input credit not allowed under Cenvat Credit Rules. ITAT deleted the addition ABCAUS Case Law Citation:ABCAUS 3085 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties:T. R. F. Ltd. vs. CIT: 323 ITR 397 The Revenue …
Neither assessee can withdraw appeal nor CIT(A) can dismiss appeal for non-prosecution. ITAT explains the powers and duty of the First Appellate Authority. Dismisses of appeal by CIT(A) for non-prosecution results as withdrawal of appeal which is not permitted. ABCAUS Case Law Citation:ABCAUS 3084 (2019) (07) ITAT Important …
Property acquired by ITD u/s 269UE-High Court asks CBDT to consider regularising ownership of bonafide purchaser on payment of difference in FMV ABCAUS Case Law Citation:ABCAUS 3083 (2019) (07) HC The instant Writ Petition was filed by a Cooperative Housing Society claiming to be the owners of land …
Assessment order in the name of non-existent amalgamating company void. Supreme Court put the controversy to rest once for all ABCAUS Case Law Citation:ABCAUS 3082 (2019) (07) SC Important Case Laws Cited/relied upon by the parties:Spice Entertainment Ltd. v Commissioner of Service Tax 2012 (280) ELT 43 (Del.)Skylight …
Notice u/s 263 issued by AO was held valid when notice itself stated that PCIT directed its issuance and AO signed it merely in his ministerial capacity ABCAUS Case Law Citation:ABCAUS 3081 (2019) (07) HC Important Case Laws Cited/relied upon by the parties:CIT Vs. Amitabh Bachchan, (2016) 384 …
Salary accrued to non-resident for services rendered outside India not taxable and included in the total income. ABCAUS Case Law Citation:ABCAUS 3079 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties:Utanka Roy vs. DCIT & Others reported in 390 ITR 109 (Cal) The instant appeal by …
Good Work Reward to employee held not constituting bonus u/s 36(1)(ii) and allowable as normal business expenditure u/s 37 of the Act. ABCAUS Case Law Citation:ABCAUS 3078 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties:Shriram Pistons & Rings Ltd. Vs. Commissioner of Income Tax, (2008) …
Claim for exemption u/s 54B allowed though not made in the return of income. AO had disallowed claim as revised return was not filed ABCAUS Case Law Citation:ABCAUS 3077 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties:M/s. Goetze India Pvt. Ltd. Vs. CIT 284 ITR …
No disallowance u/s 40(a)(ia) for short deduction of TDS made at less than prescribed rates. ITAT deleted addition following various judgments of High Courts. ABCAUS Case Law Citation:ABCAUS 3076 (2019) (07) ITAT DCIT vs. Chandabhoy reported in (2012) 17 taxmann. Com 158 (Mum.)CIT-LTU vs. HewlettPackard India Sales (P.) …
CBDT extends due date of 31st July 2019 for filing ITR to 31.08.2019. The due date of 31st July is primarily meant for salaried emplaoyee and non audit cases. CBDT has finally extended the due date of 31.07.2019 for filing the income tax return (ITR) by salaried employees …