Category: Judgments
High Court explains the law of taxation of agent / representative assessee u/s 163 who is liable to tax on both-income directly or indirectly arising / accruing in India through a business connection PILCOM treated agent u/s 163 of non-resident Foreign Cricket Boards liable to tax on income …
Assured return received on flat booking from Builder was interest income not capital receipt or income from other sources ABCAUS Case Law Citation: ABCAUS 2539 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: CIT Vs. Saurashtra Cement Ltd (2010) 325 ITR 042 (SC) : 192 …
Deduction u/s 54B allowed for purchase of agricultural land in the name of son to avoid future family disputes relating to the inheritance of the property ABCAUS Case Law Citation: ABCAUS 2538 (2018) 09 ITAT The appellant assessee was aggrieved by the order of the CIT(A) for the …
Expenditure incurred for maintenance of immature rubber plants in replanted areas not allowable as deduction as per High Court judgment The assessee had challenged the order of CIT(A) in upholding the assessment order of the AO disallowing the cost of planting and maintenance of immature rubber plants. ABCAUS …
ITAT Condone delay as CA consumed time for preparation appeal papers. ITAT condoned the delay of 24 days in filing the appeal and admitted the appeal  ABCAUS Case Law Citation: ABCAUS 2536 (2018) 09 ITAT There was a delay of 24 days in filing the appeal before …
Live streaming of Supreme Court proceedings- Court accepts Modal Guidelines. Project to be implemented in Phases starting within confines of the Court  ABCAUS Case Law Citation: ABCAUS 2535 (2018) 09 SC Important Case Laws Cited/relied upon by the parties: Two Writ Petitions had been filed in the Hon’ble …
Aadhaar linkage to PAN constitutionally valid but linkage with Bank account unconstitutional. Aadhaar Act held constitutionally valid by 4 Judges against Justice Dhananjaya Y Chandrachud who held that passing Aadhaar Act as Money Bill was unconstitutional ABCAUS Case Law Citation: ABCAUS 2534 (2018) 09 SC In land maek …
Presumption that commission cannot be paid for purchase wrong. No evidence that commission came back to assessee or agents were related parties – ITAT ABCAUS Case Law Citation: ABCAUS 2533 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: Commissioner of Income Tax Vs Inbuilt Merchants …
Tax Authorities acting as handwriting experts holding wage register fabricated. ITAT quashed the disallowance based on probability of forged signatures ABCAUS Case Law Citation: ABCAUS 2532 (2018) 09 ITAT The assessee was a manufacturing footwear. During the assessment proceedings, it was observed by the AO that the salary …
Reopening on the basis of alleged VDIS declaration information from CBDT quashed when AO was not having declaration / documents while recording reasons ABCAUS Case Law Citation: ABCAUS 2530 (2018) 09 HC The appellant assessee had filed an appeal against the order of the CIT(A) challenging the initiation …
