Judgments

  • Income Tax

Tax on High Premium insurance policy maturity to be on sum received minus premium paid

Tax on maturity of High Premium insurance policy to be on sum received minus premium paid though TDS u/s 194DA…

12 months ago
  • Income Tax

Without evidence of other source, income to be treated out of normal business of assessee- ITAT

When there is no other/separate source of income identified during the course of survey or during the course of assessment…

12 months ago
  • Income Tax

Addition for cash payments to builder deleted by ITAT for want of clinching evidence

Addition for cash payments made to builder for purchase of residential house – ITAT deletes addition for want of any…

12 months ago
  • Income Tax

Only five days time allowed to reply questionnaire was not sufficient opportunity

Only five days time allowed to reply questionnaire was not sufficient opportunity. ITAT deletes penalty u/s 272A(1)(d) of the Income…

12 months ago
  • Income Tax

Before notice to director u/s 179, non recovery from Company to be established by Revenue

Before notice to director for recovery u/s 179, Revenue must establish recovery cannot be made from Private Company – SC…

12 months ago
  • Income Tax

Benefit of cash deposit up to 2.50 lacs not available separately for non taxpayer wife

Benefit of cash deposit up to 2.50 lacs for demonetisation period not available separately for household earnings of non taxpayer…

12 months ago
  • Income Tax

ITAT gives telescoping benefit to assessee who was providing only accommodation entries

ITAT gives telescoping benefit of business income declared when the assessee was only an entry operator and addition was made…

12 months ago
  • Income Tax

Delay in deposit of PF/ESI to be calculated from the month of actual payment of salary

Delay in deposit of PF/ESI for disallowance u/s 36(1)(va) to be calculated from the month of actual payment of salary…

1 year ago
  • Income Tax

In faceless regime, normally there cannot be a case of prejudice of lack of enquiry – ITAT

In faceless regime, normally there cannot be a case of prejudice of lack of enquiry because there is application of…

1 year ago
  • Income Tax

Security deposit foregone could not be claimed as revenue expenditure

Security deposit given for renting a premise could not be treated as revenue expenditure when the deposit if foregone -…

1 year ago