Category: Judgments
Withdrawal of deduction u/s 54/54F beyond scope of rectification u/s 154. AO has no jurisdiction to re-appreciate evidences already considered. ABCAUS Case Law Citation:ABCAUS 3294 (2020) (04) ITAT Important case law relied upon by the parties:T.S. Balaram, Income Tax Officer vs Volkart Brothers & Ors, 82 ITR 50 …
Assessee must be put to notice of all provisions on which revenue relies upon. Supreme Court quashed reopening notice u/s 148 ABCAUS Case Law Citation:ABCAUS 3293 (2020) (04) SC Important case law relied upon by the parties:Claggett Brachi Co. Ltd. London 1989 Supp(2) SCC 182M/s Phool Chand Bajrang …
Exemption u/s 54/54F for house purchased in wife name, Deduction allowed for change in jurisdictional High Court with favourable judgment ABCAUS Case Law Citation:ABCAUS 3292 (2020) (04) ITAT Important case law relied upon by the parties:CIT, Faridabad vs Dinesh VermaCIT vs., Kamal Wahal 351 ITR4CIT vs. Ravinder Kumar …
Additional Tax u/s 1431A can be levied on attempt to evade tax lawfully payable not bonafide mistakes. Purpose and object of enacting Statue cannot be lost sight – SC ABCAUS Case Law CitationABCAUS 3291 (2020) (03) SC Important case law relied upon by the parties:Commissioner of Income Tax, …
Beneficiary of a statutory welfare scheme is entitled to remedies under the Consumer Protection Act. Public accountability is a significant consideration which underlies the provisions of the Consumer Protection Act 1986 ABCAUS Case Law CitationABCAUS 3290 (2020) (03) SC Important case law relied upon by the parties:Bihar School …
Tax paid in foreign country not eligible for benefit u/s 91 is expenditure eligible for deduction under section 37(1) of the Act – ITAT ABCAUS Case Law CitationABCAUS 3289 (2020) (03) ITAT Important case law relied upon by the parties:Reliance Infrastructure Ltd versus CIT 390 ITR 271Hindustan Construction …
Prosecution 276C – denial of exemption from personal appearance and issuance of NBW was Interlocutory order not amenable to revision ABCAUS Case Law Citation:ABCAUS 3288 (2020) (03) AC Important case law relied upon by the parties:K. K. Patel vs State of Gujarat, (2000) 6SCC 195Neelam Mahajan vs The …
Expression “any previous year” in Section 68 refers to previous year relevant to the Assessment Year in question – High Court ABCAUS Case Law Citation:ABCAUS 3287 (2020) (03) HC Important case law relied upon by the parties:Commissioner of Income-Tax, Poona Vs. Bhaichand H. Gandhi, 141 ITR 67Commissioner of …
Organisations with no active politics cannot be denied access to foreign contributions. Legitimate means of dissent like bandh, hartal etc. no ground to ban from receiving foreign contribution ABCAUS Case Law Citation:ABCAUS 3287 (2020) (03) SC Important case law relied upon by the parties:A. Abbas v. Union of …
Deduction 80IA allowed on conversion of partnership firm into company under Part IX of Companies Act 1956. Supreme Court upheld HC Order ABCAUS Case Law Citation:ABCAUS 3286 (2020) (03) SC Important case law relied upon by the parties:Giridhar G. Yadalam vs. Commissioner of Wealth Tax & Anr (2015) …
