Category: Judgments
Seizure of goods under UPGST-Limitation period for appeal starts not from the date of service of order on truck driver but the owner– High Court ABCAUS Case Law Citation:ABCAUS 2669 (2018) (12) HC A writ petition was filed in the Hon’ble High Court on the following interesting question …
No deemed rental house property income can be computed when flats are held as stock in trade – ITAT deletes addition ABCAUS Case Law Citation:ABCAUS 2668 (2018) (12) ITAT Important Case Laws Cited/reliedupon:M/s. Cosmopolis Construction vs. ITOM/s. C.R. Developments Pvt. Ltd. Vs. JCITM/s. Runwal Constructions Vs. ACIT Shri …
Assessee entitled to full ITC forVAT paid at higher rate if the liability had been borne by the assessee and not passed on – High Court ABCAUS Case Law Citation:ABCAUS 2667 (2018) (12) HC The instant revision was filed by the assessee under the Uttar Pradesh Value Added …
AO exceeded jurisdiction in dropping penalty on issues pending in quantum appeal-ITAT upholds exercise of revisional powers by CIT u/s 263 ABCAUS Case Law Citation: ABCAUS 2666 (2018) (12) ITAT The appellant assessee had contested the invocation of revisional jurisdiction u/s 263 of the Income Tax Act, 1961 …
Fair Market Value of property as on 01.04.1981-ITAT follows Supreme Court Guidelines and adopts value as suggested by both Revenue and the assessee ABCAUS Case Law Citation: ABCAUS 266 (2018) (12) ITAT The appellant assessee was an individual. The case of the assessee was selected for scrutiny under …
Set off of expenses against surrendered income held erroneous and prejudicial to the interest of the revenue as assessee failed to demonstrate that income surrendered had a business link. ABCAUS Case Law Citation: ABCAUS 2664 (2018) (12) ITAT Important Case Laws Cited/relied upon: M/s. Makson Distributors, Vs. The …
Interest u/s 234B on failure to deposit the advance tax in respect of tax payable u/s 115JB of Income Tax Act – Supreme Court admits the question in appeal ABCAUS Case Law Citation: ABCAUS 2663 (2018) (12) SC The Revenue had filed a Civil Appeal on the questions …
No revision u/s 263 without pointing out how assessment order is erroneous. Order quashed as CIT did not mention whether assessee’s contentions were acceptable or not. ABCAUS Case Law Citation: ABCAUS 2662 (2018) (12) ITAT Important Case Laws Cited/relied upon: Narayan Tatu Rane vs. ITO reported in (2016) …
Prosecution u/s 276CC for not filing return-Sentence set aside and Trial Court directed to pass fresh judgment after consideration of additional evidences u/s 391 of CrPC. ABCAUS Case Law Citation: ABCAUS 2661 (2018) (12) AC Important Case Laws Cited/relied upon: Sudevanand Vs State through CBI (2012) 3 SCC 387 Govind Chauhan Vs Sriram Sonboir 2014 CriLJ2411 Globe Trotters International Vs Joseph Fernandes MANU/MH/2111/2010 Rambhau and another v. …
Deduction u/s 54F denied for non deposit in capital gains accounts scheme allowed as investment in flat purchase was made before due date u/s 139(4) ABCAUS Case Law Citation: ABCAUS 2660 (2018) (12) ITAT Important Case Laws Cited/relied upon: Xavier J Pulickal vs. DCIT 379 ITR 534 Sunayana …