Category: Judgments

Deduction us 54-Old fund used for construction of new house. It is not mandatory that sale consideration new house should be used for construction-ITAT

Deduction us 54-Old fund used for construction of new house. It is not mandatory that sale consideration new house should be used for construction-ITAT

January 22, 2017 Income Tax, ITAT, Judgments
Deduction us 54-Old fund used for construction of new house. It is not mandatory that only the sale consideration of house sold is to be utilized for purchasing or constructing a new residential house-ITAT ABCAUS Case Law Citation: ABCAUS 1106 (2017) (01) ITAT Assessment Year : 2009-10  Important Case …
Showing trade discounts in tax Invoice not compulsory. Credit notes eligible under Rule 3(2)(c) of Karnataka Value Added Tax Rules 2005-SC

Showing trade discounts in tax Invoice not compulsory. Credit notes eligible under Rule 3(2)(c) of Karnataka Value Added Tax Rules 2005-SC

January 19, 2017 Judgments, Supreme Court, VAT
Showing trade discounts in tax Invoice not compulsory. Credit notes eligible under Rule 3(2)(c) of the Karnataka Value Added Tax Rules 2005-Supreme Court ABCAUS Case Law Citation: ABCAUS 1105 (2017) (01) SC Important Case Laws Cited: State of Karnataka vs. M/s Kitchen Appliances India Ltd. M/s Southern Motors …
Revisionary power us 263-Merely raising query not sufficient. Blindly accepting only part reply is incorrect assumption of facts and non-application of mind

Revisionary power us 263-Merely raising query not sufficient. Blindly accepting only part reply is incorrect assumption of facts and non-application of mind

January 17, 2017 Income Tax, ITAT, Judgments
Revisionary power  us 263-Merely raising query not sufficient.  Blindly accepting only part reply is incorrect assumption of facts and non-application of mind by AO-ITAT ABCAUS Case Law Citation: ABCAUS 1103 (2017) (01) ITAT Assessment Year : 2011-12 Important Case Laws Cited: Anuj Jayendra Shah Vs. PCIT 67 taxmann.com …
Assessment finality on search date reached if time for issuing notice us 143(2) had expired. Additions can be made only if incriminating material found-ITAT

Assessment finality on search date reached if time for issuing notice us 143(2) had expired. Additions can be made only if incriminating material found-ITAT

January 15, 2017 Income Tax, ITAT, Judgments
Assessment finality on search date reached if time for issuing notice us 143(2) had expired.  In such cases additions can be made only if incriminating material found-ITAT ABCAUS Case Law Citation: ABCAUS 1102 (2017) (01) ITAT Assessment Year : 2008-09 Important Case Laws Cited: National Thermal Power Co …
Understated sales rates-AO must bring evidence on record. Assessing Officer should make inquiry from parties to whom sales made to verify sale rates -ITAT

Understated sales rates-AO must bring evidence on record. Assessing Officer should make inquiry from parties to whom sales made to verify sale rates -ITAT

January 12, 2017 Income Tax, ITAT, Judgments
Understated sales rates-AO must bring evidence on record. Assessing Officer should make inquiry from parties to whom sales made to verify sale rates -ITAT ABCAUS Case Law Citation: ABCAUS 1101 (2017) (01) ITAT Assessment Year : 2011-12 Important Case Laws Cited: Shri Manpreet Singh Dhillon Vs ITO Shri …
Fact finding committee report under RTI Act can not be denied if report was submitted and action taken. Section 8(1)(h) not applicable-Delhi HC

Fact finding committee report under RTI Act can not be denied if report was submitted and action taken. Section 8(1)(h) not applicable-Delhi HC

January 11, 2017 High Courts, Judgments, RTI
Fact finding committee report under RTI Act can not be denied if report was submitted and action was taken. Section 8(1)(h) was not applicable-Delhi HC ABCAUS Case Law Citation: ABCAUS 1099 (2017) (01) HC Brief Facts of the Case: The petitioner had challenged order of the Central Information …