Category: Income Tax

Penalty 272A(2)(k)-Accountant left services was reasonable cause. If TDS + interest paid and return filed though belatedly there was no loss to Revenue

Penalty 272A(2)(k)-Accountant left services was reasonable cause. If TDS + interest paid and return filed though belatedly there was no loss to Revenue

May 22, 2017 Income Tax, ITAT, Judgments
Penalty 272A(2)(k)-Accountant left services was reasonable cause. If TDS + interest paid and statements filed though belatedly there was no loss to Revenue – ITAT ABCAUS Case Law Citation: ABCAUS 1257 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Commissioner …
Handling-distribution loss in dealing wholesale poly pack milk allowed as nature of business demanded such losses & % was consistent

Handling-distribution loss in dealing wholesale poly pack milk allowed as nature of business demanded such losses & % was consistent

May 21, 2017 Income Tax, ITAT, Judgments
Handling-distribution loss in dealing wholesale poly pack milk allowed. The nature of business demanded such losses and the percentage incurred was consistent. ABCAUS Case Law Citation: ABCAUS 1256 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Commissioner of Income Tax …

Assessment us 153C based on paper not belonging to assessee was bad. Shifting burden without making basic enquiries not acceptable-Delhi HC

May 19, 2017 High Courts, Income Tax, Judgments
Assessment us 153C based on paper not belonging to assessee held as bad. Shifting the burden on assessee without making basic enquiries to unearth truth of the document can not be accepted-Delhi High Court ABCAUS Case Law Citation: ABCAUS 1254 (2017) (05) HC The Grievance: The appellant Revenue …