Judgments

  • Income Tax

AO exceeded jurisdiction in dropping penalty on issues pending in quantum appeal-ITAT

AO exceeded jurisdiction in dropping penalty on issues pending in quantum appeal-ITAT upholds exercise of revisional powers by CIT u/s…

5 years ago
  • Income Tax

Fair Market Value of property as on 01.04.1981-ITAT follows Supreme Court Guidelines

Fair Market Value of property as on 01.04.1981-ITAT follows Supreme Court Guidelines and adopts value as suggested by both Revenue…

5 years ago
  • Income Tax

Set off of expenses against surrendered income held erroneous and prejudicial to the interest of revenue

Set off of expenses against surrendered income held erroneous and prejudicial to the interest of the revenue as assessee failed…

5 years ago
  • Income Tax

Interest u/s 234B on failure to pay advance tax for tax payable u/s 115JB – Supreme Court admits appeal

Interest u/s 234B on failure to deposit the advance tax in respect of tax payable u/s 115JB of Income Tax…

5 years ago
  • Income Tax

No revision u/s 263 without pointing out how assessment order is erroneous – ITAT

No revision u/s 263 without pointing out how assessment order is erroneous. Order quashed as CIT did not mention whether…

5 years ago
  • Income Tax

Prosecution u/s 276CC – Trial Court directed to pass fresh judgment after considering additional evidences

Prosecution u/s 276CC for not filing return-Sentence set aside and Trial Court directed to pass fresh judgment after consideration of…

5 years ago
  • Income Tax

Deduction u/s 54F denied for non deposit in capital gains accounts scheme allowed

Deduction u/s 54F denied for non deposit in capital gains accounts scheme allowed as investment in flat purchase was made…

5 years ago
  • Income Tax

High Court explains mandate of “reasons to suspect” and “reasons to believe” in Income Tax search

High Court explains mandate of "reasons to suspect" and "reasons to believe" in income tax search, quashed  warrants of authorization…

5 years ago
  • Income Tax

Re-assessment of Sonia/Rahul Gandhi to be completed within limitation period – Supreme Court

Re-assessment of Sonia/Rahul Gandhi in connection with Young Indian share allotment to be completed within limitation period but order not…

5 years ago
  • Income Tax

Appeal filed without paying tax due on returned income is defective not void – ITAT

Appeal filed without paying tax due on returned income is only defective not void. On payment of taxes even after…

5 years ago