Category: Judgments
CIT Appeals order passed ex parte without giving another opportunity or mentioning reasons for additions sustained is bad INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH ‘A’, KOLKATA ITA No. 766/Kol/2013 : Asstt. Year : 2009-2010 Asish Ranjan Chowdhury (APPELLANT) vs. I.T.O. (RESPONDENT) Date of Order: 11/03/2016 ORDER Per Shri S.S.Viswanethra Ravi, J.M. …
CIT Revision u/s 263 unjustified alleging wiping out income surrendered u/s 133A treating it business income and not separately u/s 69A INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH; AMRITSAR I.T.A No. 203(Asr)/2014 Assessment Year: 2009-10 M/s Superfine Agro Industries (Appellant) vs. Income Tax Officer (Respondent) Date of Order: 10/03/2016 ORDER PER T. …
Revision u/s 263 not justified in case of best judgment assessment u/s 144 for non co-operation by assessee INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH; AMRITSAR I.T.A No. 220(Asr)/2015 Assessment Year: 2010-11 M/s Sutlej Wine Enterprises (Appellant) vs. PrCIT (Respondent) Date of Order: 10/03/2016 ORDER PER T. S. KAPOOR (AM): …
Payments to Singer Performer in Hotel liable for TDS u/s 194C as contractual not professional u/s 194J In a recent judgment, ITAT, New Delhi has ruled that payment made to a singer group for performing in the restaurant of a hotel can not be characterised as professional payments …
No requirement to file separate appeals against TDS default u/s 201(1) and interest default 201(1A) to work tax effect In a recent judgment, ITAT, New Delhi has dismissed the contention of the assessee that the Revenue ought to have filed separate appeals against the order u/s 201(1) and 201(1A) …
Disallowance u/s 14A Rule 8D3-Computation of total Assets include current liabilities also ITAT Delhi in a recent judgment has remanded the case to the Assessing Officer noticing that the AO for the purpose of disallowance u/s 14A computed incorrect value of “total assets” as per Rule 8D by excluding …
Computation of disallowance u/s 14A , Rule 8D-Bank Charges for Export Service not includible ITAT Delhi in a recent judgment has held that bank charges pertaining to exports services have no relation with the investments made yielding exempt income and hence not includible for calculation of disallowance u/s …
Reimbursement of expenses not “Work” to fall within the ambit of TDS under section 194C ITAT Delhi in a recent judgment has held that reimbursement of respective shares in composite expenses incurred by the group companies is not covered under deduction of tax at source (TDS) liability u/s 194C. Case …
Rent from commercial property taxable as business income not house property-ITAT INCOME TAX APPELLATE TRIBUNAL RAJKOT BENCH, RAJKOT ITA No: 337/Rjt/2013 & C.O. No. 3/Rjt/14 Assessment Year: 2009-10 ITA Nos: 98 & 99/Rjt/2015 Assessment Years: 2010-11 & 2011-12 Parties: Income tax Officer vs. M/s Ultravision Associates Date of Order: …
Section 79 do not apply to carry forward and set off of unabsorbed depreciation in case of change in shareholding INCOME TAX APPELLATE TRIBUNAL BANGALORE BENCH ‘A’, BANGALORE I.T(TP).A No.635/Bang/2015 (Assessment Year : 2009-10) M/s. Swiss Re Healthcare Services P. Ltd ….. Appellant vs. Principal Commissioner of Income-tax …Respondent Date …
