ITAT Archives - Page 123 of 149

Legal expenses claim of Salman Khan allowed in set aside proceedings by revisionary order of CIT u/s 263.

administrator February 18, 2017 Income Tax, ITAT, Judgments

Legal expenses claim of Salman Khan allowed in set aside proceedings by order of Commissioner of Income Tax under Revision u/s 263 The Hindustan Times in 2015, quoting Salim Khan, father of Salman Khan had reported that Bollywood actor had spent more than Rs 25 crore in the 2002 …

TDS credit allowed despite income not offered to tax. House was sold to wife who paid taxes due in her ITR. TDS on Rent allowed to husband

administrator February 15, 2017 Income Tax, ITAT, Judgments

TDS credit allowed despite income not offered to tax. House was soldby the husband to the wife who paid taxes due in her ITR. ITAT allowed husband TDS on Rent deducted by bank. ABCAUS Case Law Citation: ABCAUS 1129 (2017) (02) ITAT Assessment Year : 2009-10 Date/Month …

Reopening us 147 on the basis of cash deposits in bank invalid as there was no basis to form reason that cash deposits represented assessee’s income – ITAT

administrator February 15, 2017 Income Tax, ITAT, Judgments

Reopening us 147 on the basis of cash deposits in bank invalid as there was no basis to form reason that cash deposits represented income of the assessee – ITAT ABCAUS Case Law Citation: ABCAUS 1128 (2017) (02) ITAT Assessment Year : 2008-09 Date/Month of Pronouncement: February, 2017 …

Yoga also gives medical relief as per definition of charitable purpose us 2(15). Propagation of yoga is also imparting of education – ITAT

administrator February 14, 2017 Income Tax, ITAT, Judgments

Yoga also gives medical relief as per definition of charitable purpose us 2(15). Propagation of yoga was charitable purpose and also imparting of education – ITAT ABCAUS Case Law Citation: ABCAUS 1127 (2017) (02) ITAT Assessment Year : 2009-10 Date/Month of Pronouncement: February, 2017 Important Case Laws Cited/relied upon: …

Addition us 68 for accommodation entries-don’t shoot the messenger

administrator February 12, 2017 Income Tax, ITAT

Addition us 68 for accommodation entries-don’t shoot the messenger. Addition restricted to commission earned on accommodation entries-ITAT ABCAUS Case Law Citation:ABCAUS 1125 (2017) (02) ITAT Assessment Year : 1995-96Date/Month of Pronouncement: February, 2017 Brief Facts of the Case:The present judgment was delivered in the second round of litigation. …

Penalty 271(1)(c) for claiming higher Housing Loan Interest deduction u/s 24(b) deleted. AO did not detect it but noticed from reply of assessee

administrator February 12, 2017 Income Tax, ITAT, Judgments

Penalty 271(1)(c) for claiming higher Housing Loan Interest deduction u/s 24(b) deleted. The AO did not detect mistake but noticed it from the reply of the assessee – ITAT Judgment ABCAUS Case Law Citation: ABCAUS 1124 (2017) (02) ITAT Assessment Year : 2008-09 Date/Month of Pronouncement: February, 2017 …

CPC intimation us 143(1) applying MMR on AOP trust invalid as jurisdiction limited for disallowing only prima facie inadmissible deductions

administrator February 10, 2017 Income Tax, ITAT, Judgments

CPC intimation us 143(1) applying MMR on AOP trust invalid as jurisdiction limited for disallowing only prima facie inadmissible deductions, allowances – ITAT ABCAUS Case Law Citation: ABCAUS 1122 (2017) (02) ITAT Assessment Year : 2013-14 Date/Month of Pronouncement: February, 2017 Important Case Laws Cited/relied upon: J.K.S. Employees …

Revision us 263-Use of word “appears” showed CIT was not sure how and in what manner the assessment order passed was without investigation-ITAT

administrator February 9, 2017 Income Tax, ITAT, Judgments

Revision us 263-Use of word appears showed CIT was not sure as to how and in what manner the assessment order passed was without investigation and enquiry-ITAT ABCAUS Case Law Citation: ABCAUS 1121 (2017) (02) ITAT Assessment Year : 2008-09 Date/Month of Pronouncement: February, 2017 The Grievance: The …

Jurisdictional issue not general ground requiring no adjudication. Whenever jurisdiction is questioned it is to be first decided.

administrator February 6, 2017 Income Tax, ITAT, Judgments

Jurisdictional issue not general ground requiring no adjudication. Whenever jurisdiction of an authority to pass the order is questioned then the foundational fact questioned is to be first decided-ITAT ABCAUS Case Law Citation: ABCAUS 1118 (2017) (02) ITAT Assessment Year : 2009-10 Date/Month of Judgment/Order: February, 2017 Brief …

Non-service of notice-onus is on Revenue to demonstrate that notice was issued in accordance with law-ITAT

administrator February 5, 2017 Income Tax, ITAT, Judgments

Non-service of notice-onus is on Revenue to demonstrate that notice was issued in accordance with law. Assessee cannot be asked to lead negative evidence-ITAT ABCAUS Case Law Citation: ABCAUS 1117 (2017) (02) ITAT Assessment Year : 2007-08 Date/Month of Pronouncement: February 2017 Brief Facts of the Case: …

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