Category: ITAT

Interest on Fixed Deposit given as Bank Guarantee pre-requisite condition to pollution Board is capital receipt as business activities not commenced

INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘‘A’ SMC, NEW DELHI I.T.A .No.-6257/DEL/2015 (ASSESSMENT YEAR-2012-13) NV International Pvt. Ltd. (APPELLANT)  vs. ITO (RESPONDENT) Date of Order: 08-03-2016 ORDER PER SUCHITRA KAMBLE, JM This appeal is filed by the assessee against the order dated 8/10/2015 passed by the CIT (A) – 20, …

Penalty-2711c not imposable if income estimated u/s 144 where books of accounts not produced

INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH; AMRITSAR ITA No.293(Asr)/2013 Assessment year: 2005-06 Income Tax Officer (Appellant)  vs. M/s. Age Construction Pvt. Ltd. (Respondent) Date of Order: 04-03/2016 ORDER PER A.D. JAIN, JM: This is the Department’s appeal for the assessment year 2005-06 against the order, dated 06.02.2013, passed by the …

Penalty 271(1)(c) limitation provisions u/s 2751a apply as per law in force at the time of filing of return

INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH; AMRITSAR I.T.A No.137(Asr)/2014 Assessment Year: 1994-95 Income Tax Officer (Appellant) vs. K.D. Bali (Respondent) Date of Order: 04-03-2016 ORDER PER T. S. KAPOOR (AM): This is an appeal filed by the Revenue against the order of learned CIT(A), dated 05.03. 2014 for Asst. Year 1994-95. …

Unexplained Investment u/s 69. Muslims religion bars Bank Interest income therefore gift, stridhan and savings kept in cash at home

INCOME TAX APPELLATE TRIBUNAL LUCKNOW BENCH “A”, LUCKNOW ITA No.697/LKW/2015 Assessment year:2010-11 Mehrun Nisha (Appellant) vs. Income Tax Officer (Respondent) Date of Order: 04-03-2016 ORDER PER A. K. GARODIA, A.M. This is assessee’s appeal directed against the order passed by learned CIT(A), Bareilly dated 27/08/2015 for the assessment year 2010-11. 2. …

Penalty 271(1)(c) deleted for claiming deduction u/s 54 for two residential houses . There was scope of ambiguity before amendment in 2014

INCOME TAX APPELLATE TRIBUNAL LUCKNOW BENCH “A”, LUCKNOW ITA No.01/LKW/2015 Assessment year:2006-07 Sandeep Shukla (Appellant)  vs. ACIT (Respondent) Date of Order: 04-03-2016 ORDER PER A. K. GARODIA, A.M. This is assessee’s appeal directed against the order passed by learned CIT(A)-II, Kanpur dated 11/09/2014 for the assessment year 2006-07. 2. The …