Judgments

  • Income Tax

Supplying blue prints can be technical services u/s 80-O but deduction rightly denied as they were not produced-SC

Supplying blue prints can be considered as technical services u/s 80-O but deduction rightly denied as they were not produced…

6 years ago
  • Income Tax

Reassessment on change of opinion on the same facts and circumstances as in original assessment proceedings invalid-SC

Reassessment on change of opinion on the same facts and  circumstances already in AO’s knowledge during the original assessment proceedings…

6 years ago
  • Income Tax

Prosecution u/s 276C for late deposit of self assessment tax upheld

Prosecution u/s 276C for late deposit of self assessment tax. Late deposit of tax after the expiry of stipulated period…

6 years ago
  • Income Tax

Conversion of limited scrutiny to complete scrutiny is question of fact-High Court dismisses the writ

Conversion of limited scrutiny to complete scrutiny is question of fact. High Court dismisses the writ as petitioner had a…

6 years ago
  • Income Tax

Damages paid for violation of agreement to sell allowed as incurred in connection with the transfer for computing LTCG

Damages paid for violation of agreement to sell allowed as incurred in connection with the transfer of property for computing…

6 years ago
  • Income Tax

Market value of shares quoted in stock exchange can not be used for computing capital gains u/s 48

Market value of shares quoted in stock exchange can not be taken as a basis for computing capital gains under…

6 years ago
  • Income Tax

No disallowance u/s 40A(3) even if aggregate payment exceeds Rs 20000 if bills amount not exceed Rs. 20000

No disallowance u/s 40A(3) even if aggregate payment exceeds Rs 20000 if payment is made in cash against different bills…

6 years ago
  • Income Tax

Self-made vouchers would not make expenses not genuine unless they do not carry necessary details-ITAT

Self-made vouchers would not make expenses not genuine unless they do not carry necessary details like address of the recipient…

6 years ago
  • Income Tax

AO obliged to give eligible deductions when making additions for income not disclosed in return-ITAT

AO obliged to give eligible deductions when making additions for income not disclosed in return of income-ITAT allowed 54F deduction for…

6 years ago
  • Income Tax

Question of source of purchase relevant only for year of purchase not sale-ITAT

Question of source of purchase relevant only for year of purchase not sale. Bank deposits made out of property sold…

6 years ago