Category: Income Tax
Sale of land made by partnership firm can not be added in partner’s hand. Assessment has to be done in the right hands ABCAUS Case Law Citation: ABCAUS 2861 (2019) (04) ITAT Important Case Laws Cited/relied upon by the parties ITO Vs. Ch. Atchaiah reported at 218 ITR …
AO had inherent powers u/s 142(2C) to suo moto extend time for submission of special audit report directed u/s 142(2A), without an application by assessee – SC ABCAUS Case Law Citation: ABCAUS 2860 (2019) (04) SC Important Case Laws Cited/relied upon by the parties Sahara India v Commissioner …
Loss by shop burglary arisen during the course of business allowed u/s 37(1) even when Insurance company assessed loss at lower amount – ITAT ABCAUS Case Law Citation: ABCAUS 2859 (2019) (04) ITAT This appeal was filed by the assessee against the order of Commissioner of Income Tax …
Supreme Court dismisses SLP of Income Tax Department against Radhika Roy, wife of NDTV founder Prannoy Roy ABCAUS Case Law Citation:ABCAUS 2855 (2019) (04) SC Important Case Laws Cited/relied upon by the parties Olympia Paper & Stationery Stores vs. Assistant Commissioner of Income Tax, 63 ITD 148 Lately, …
Deduction u/s 80IB allowed when assessee was not owner of the land and undertook housing project at their own risk and cost- Supreme Court dismisses SLP of Department ABCAUS Case Law Citation: ABCAUS 2854 (2019) (04) SC Important Case Laws Cited/relied upon by the parties Commissioner of Income …
Interest cost for the period for which capital asset was held by the assessee prior to sale not deductible u/s 48 in computing capital gain u/s 45 ABCAUS Case Law Citation: ABCAUS 2852 (2019) (04) ITAT Important Case Laws Cited/relied upon by the parties Habib Hussein v. CIT …
ITRs filed prior to 01.04.2019 as per decisions of various High Courts valid. Aadhaar-PAN linking mandatory from 01.04.2019 as per SC judgement – CBDT Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ***** North Block, New Delhi, the 31st of March, 2019 …
Make My Trip was not liable to deduct TDS on gateway charges payments to Banks – High Court upheld ITAT action in deleting addition u/s 40(a)(ia) ABCAUS Case Law Citation: ABCAUS 2850 (2019) (03) HC Important Case Laws Cited/relied upon by the parties Commissioner of Income Tax v …
Income Tax Offices throughout India (including the ASK Centres) shall remain open on 30th and 31st March, 2019 during normal office hours F. No. 225/86/2019-ITA-11 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ***** North Block, New Delhi, the 29th March, 2019 …
Share application money received vastly in excess of the authorized capital was valid reasons to issue reassessment notice u/s 148 – High Court ABCAUS Case Law Citation: ABCAUS 2849 (2019) (03) HC Important Case Laws Cited/relied upon by the parties Sheo Nath Singh vs. ACIT, 82 ITR 148 …
