Category: Income Tax
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 …
Tax Authorities acting as handwriting experts holding wage register fabricated. ITAT quashed the disallowance based on probability of forged signatures ABCAUS Case Law Citation: ABCAUS 2532 (2018) 09 ITAT The assessee was a manufacturing footwear. During the assessment proceedings, it was observed by the AO that the salary …
Reopening on the basis of alleged VDIS declaration information from CBDT quashed when AO was not having declaration / documents while recording reasons ABCAUS Case Law Citation: ABCAUS 2530 (2018) 09 HC The appellant assessee had filed an appeal against the order of the CIT(A) challenging the initiation …
CBDT Extends ITR and Tax Audit Report filing due date for AY 2018-19 to 15.10.2018.  Download CBDT Order u/s 119 F.No. 225/358/2018/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA.II Division New Delhi, the 24th of Sept mber, 2018 Order under …
Addition u/s 68 for differences in outstanding balances not confirmed by parties cannot be made without doubting identity, creditworthiness and genuineness of transactions. ABCAUS Case Law Citation: ABCAUS 2529 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: Aurobindo Sanitary Stores vs. CIT 2005-(IT3)-GJX-0127-ORI. DCIT vs. …
