Category: Judgments
Applicability of TDS on property u/s 194IA to be determined transferor or transferee-wise and not property-wise ABCAUS Case Law Citation:ABCAUS 3714 (2023) (04) ITAT Important Case Laws relied upon :Indumukhi Vs Distt CollectorOxcia Enterprises (P) Ltd vs Deputy Commissioner Income TaxVinod Soni Vs Income Tax Officer (2019) 197 …
Adjustment u/s 143(1) by CPC unsustainable if assessment completed u/s 143(3) accepting the return of income – ITAT ABCAUS Case Law Citation:ABCAUS 3713 (2023) (04) ITAT In the instant case, the assessee had challenged the order passed by the NFAC/CIT(A) in confirming  the adjustment made by the CPC …
Disallowance of Interest on TDS u/s 37(1) is outside the purview of Section 143(1). ITAT allows interest as business expenditure ABCAUS Case Law Citation:ABCAUS 3712 (2023) (04) ITAT Important Case Laws relied upon :M/s. Hebe Infrastructure Pvt. Ltd.M/s. Govindam Clearing Agencies Pvt. Ltd. Vs. DCITDCIT vs. M/s Narayani …
ITAT directs credit of TDS appearing in old PAN of amalgamating company to amalgamated company with another PAN ABCAUS Case Law Citation:ABCAUS 3711 (2023) (04) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming not granting the credit of tax …
Next Examination for the Supreme Court Advocates-on-Record will be held at New Delhi on 12th, 13th, 14th and 15th June, 2023 Supreme Court has notified the next Examination for the Advocates-on-Record to be held at New Delhi on 12th, 13th, 14th and 15th June, 2023. All the advocates …
There is no absolute proposition of law that arm’s length price determined by ITAT is final and cannot be subjected to judicial scrutiny in an appeal under Section 260A of the Income Tax Act. ABCAUS Case Law Citation:ABCAUS 3710 (2023) (04) SC Important Case Laws relied upon :PCIT …
No liability for TDS when buyers deducted commission and remit only net amount – ITAT quashed disallowance u/s 40(a)(ia) ABCAUS Case Law Citation:ABCAUS 3709 (2023) (04) ITAT Important Case Laws relied upon:CIT vs. Super Religare Laboratories Ltd. 133 taxmann.com 313 (Bombay) In the instant case, the assessee had …
Statement recorded u/s 132(4) is not sacrosanct merely because assessee failed to demonstrate any coercion and duress – ITAT ABCAUS Case Law Citation:ABCAUS 3708 (2023) (04) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in upholding   the addition of undisclosed income …
Assessee cannot be asked to explain the bank transactions of an unrelated party  – ITAT deleted addition u/s 69A ABCAUS Case Law Citation:ABCAUS 3707 (2023) (04) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming addition representing alleged unexplained gold …
Determining tax liability under Section 74 of UPGST Act, following Income Tax guidelines is impermissible – Allahabad High Court ABCAUS Case Law Citation:ABCAUS 3706 (2023) (04) HC In the instant case, the Petitioner assessee had challenged the order passed by the UPGST Authorities u/s 74 of UPGST Act. …
