Category: Income Tax
Disallowance u/s 40A(3) for cash payments to wife for house purchase deleted by ITAT when plea of the assessee was not disputed ABCAUS Case Law Citation: ABCAUS 2545 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: CIT vs. Crescent Export Syndicate The case of the …
Bank branch TDS deposit and return filed by zonal office. AO treated branch as assessee in default. ITAT remanded matter to AO for verification ABCAUS Case Law Citation: ABCAUS 2544 (2018) 09 ITAT The appellant assessee was a branch of a Nationalised Bank. The bank branch had deducted …
Section 80IA deduction for installation of traffic signal and pedestrian foot bridge allowed as infrastructure facility being integral part of road including a bridge ABCAUS Case Law Citation: ABCAUS 2543 (2018) 09 ITAT This appellant company had preferred an appeal against the revision order of the Pr. CIT …
High Court explains the law of taxation of agent / representative assessee u/s 163 who is liable to tax on both-income directly or indirectly arising / accruing in India through a business connection PILCOM treated agent u/s 163 of non-resident Foreign Cricket Boards liable to tax on income …
Assured return received on flat booking from Builder was interest income not capital receipt or income from other sources ABCAUS Case Law Citation: ABCAUS 2539 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: CIT Vs. Saurashtra Cement Ltd (2010) 325 ITR 042 (SC) : 192 …
Deduction u/s 54B allowed for purchase of agricultural land in the name of son to avoid future family disputes relating to the inheritance of the property ABCAUS Case Law Citation: ABCAUS 2538 (2018) 09 ITAT The appellant assessee was aggrieved by the order of the CIT(A) for the …
Expenditure incurred for maintenance of immature rubber plants in replanted areas not allowable as deduction as per High Court judgment The assessee had challenged the order of CIT(A) in upholding the assessment order of the AO disallowing the cost of planting and maintenance of immature rubber plants. ABCAUS …
ITAT Condone delay as CA consumed time for preparation appeal papers. ITAT condoned the delay of 24 days in filing the appeal and admitted the appeal ABCAUS Case Law Citation: ABCAUS 2536 (2018) 09 ITAT There was a delay of 24 days in filing the appeal before …
Aadhaar linkage to PAN constitutionally valid but linkage with Bank account unconstitutional. Aadhaar Act held constitutionally valid by 4 Judges against Justice Dhananjaya Y Chandrachud who held that passing Aadhaar Act as Money Bill was unconstitutional ABCAUS Case Law Citation: ABCAUS 2534 (2018) 09 SC In land maek …
Presumption that commission cannot be paid for purchase wrong. No evidence that commission came back to assessee or agents were related parties – ITAT ABCAUS Case Law Citation: ABCAUS 2533 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: Commissioner of Income Tax Vs Inbuilt Merchants …
