Category: Judgments
Merely by admission of appeal against ITAT order, Revenue can not get over it. Supreme Court upholds High Court’s order and dismisses SLP of the Department ABCAUS Case Law Citation: ABCAUS 2436 (2018) 07 SC The assessee was a charitable trust registered u/s 12A of the Income Tax Act, 1961 (the Act). During the course of assessment …
CBDT directed to substitute software enabling opt out from mandatory PAN-Aadhaar Linkage for filing return filing till 31.03.2019 in line with CBDT Circular ABCAUS Case Law Citation: ABCAUS 2435 (2018) 07 HC The instant Petition was filed in the High Court praying for direction that they be allowed …
Section 40A(3) applicable only when payment of expenses is made in cash exceeding specified sum and not to the payment of advances-ITAT ABCAUS Case Law Citation: ABCAUS 2434 (2018) 07 ITAT The Appellant assessee had filed the present appeal against the order passed by CIT(A) inter alia in …
Cash payments for purchase of liquor to government authorized licencee covered by exception provided under Rule 6DD. ITAT deletes addition u/s 40A(3) ABCAUS Case Law Citation: ABCAUS 2432 (2018) 07 ITAT The Appellant assessee had filed the present appeal against the order passed by CIT(A) inter alia in …
Material obtained during assessment cannot be made basis for additions without confronting the same to the assessee. ITAT remand the case back to AO ABCAUS Case Law Citation: ABCAUS 2431 (2018) 07 ITAT The Appellant assessee had filed the present appeal against the order passed by CIT(A) inter …
Water logged land comprised within backwaters held agricultural land. The land was a kayal land and sold along with adjacent agricultural land-High Court ABCAUS Case Law Citation: ABCAUS 2430 (2018) 07 HC The assessee had sold two land, lying contiguously out of which the one was in backwaters …
Applicability of Benami Property Act to Cash seized-High Court declines to interfere with show cause notice as source and nature were in the “special knowledge” of the possessor ABCAUS Case Law Citation: ABCAUS 2429 (2018) 07 HC The petitioner was found in possession of money, the source of which …
High Court refuses to quash prosecution u/s 276CC for not filing return of income. Whether the failure was wilful or not to be considered by the trial court ABCAUS Case Law Citation: ABCAUS 2428 (2018) 07 HC The instant Petition was filed by the assessee against the prosecution …
ITAT’s jurisdiction is not to rewrite the AO’s order and improve upon it. High Court uphelds Revision order passed u/s 263 for lack of enquiry ABCAUS Case Law Citation: ABCAUS 2427 (2018) 07 HC The instant appeal had been filed by the Revenue against the order of the …
Section 50C not applicable to sale of property through Power of Attorney. Provisions at best could be invoked only in the hands of the original owner-ITAT ABCAUS Case Law Citation: ABCAUS 2426 (2018) 07 ITAT The instant appeal had been filed by the assessee against the order of …