Category: Judgments
No furnishing transporters declaration u/s 194C(7) does not mean non compliance of section 194C(6) leading to disallowance u/s 40(a)(ia) – ITAT ABCAUS Case Law Citation:ABCAUS 3727 (2023) (05) ITAT Important Case Laws relied upon:Sunbeam Auto Ltd. 332 ITR 167 In the instant case, the assessee had challenged the …
Cost of acquisition in construction of roof rights in property – ITAT remands case for consideration of report of valuer. ABCAUS Case Law Citation:ABCAUS 3726 (2023) (05) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in sustaining the addition on account …
CPC making adjustment u/s 143(1)(a) without giving opportunity despite availability of correct position was a mistake of apparent nature – ITAT ABCAUS Case Law Citation:ABCAUS 3725 (2023) (04) ITAT Important Case Laws relied upon:Kalpesh Synthetics (P) Ltd. vs. DCIT 137 Taxmann. com 475 In the instant case, the …
A claim for deduction can not be denied merely for not filing return of income within due date specified u/s 139(1) in absence of any specific provision – ITAT ABCAUS Case Law Citation:ABCAUS 3724 (2023) (04) ITAT Important Case Laws relied upon:M/s. Saffire Garments Vs. Income Tax OfficerCIT …
Common Area Maintenance Charges (CAM charges) liable for TDS rate @ 2% u/s 194C as contractual payment and not @10% u/s 194I towards rent payment – ITAT In a recent judgment, ITAT has held that Common Area Maintenance Charges liable to TDS @ 2% u/s 194C Case Law …
Supreme Court publishes list of proposed neutral citation numbers from 01.01.2014 to 31.03.2023 The Supreme Court of India has published a list of proposed neutral citation numbers for the period i.e., 01.01.2014 to 31.03.2023 The announcement for the neutral citation was made last month by the Hon’ble Chief Justice. …
AO can not question genuineness of medical certificate unless he has some material to counter it – ITAT deletes penalty u/s 271B ABCAUS Case Law Citation:ABCAUS 3722 (2023) (04) ITAT Important Case Laws relied upon:Balaji Logistics vs. ACIT In the instant case, the assessee had challenged the order …
Employers contribution not covered under Supreme Court order in case of Checkmate. Payment by cheque within due date allowed by ITAT ABCAUS Case Law Citation:ABCAUS 3721 (2023) (04) ITAT Important Case Laws relied upon:Checkmate Services P. Ltd. vs CIT ABCAUS 3614 (2022) (09) SCAlom Extrusions Ltd. 185 TAXMAN …
There is no prohibition to adjust seized cash with self assessment tax. Only prohibited is for adjustment of seized cash with advance tax – ITAT ABCAUS Case Law Citation:ABCAUS 3720 (2023) (04) ITAT Important Case Laws relied upon:ACIT vs. Narendra N. Thacker 82 taxmman.com 64Spaze Towers (P) Ltd …
Employee Salary, legal expenses, board meeting expenses, Director sitting fees can not be attributed to Fixed Deposit interest – ITAT confirms disallowance u/s 57(iii) ABCAUS Case Law Citation:ABCAUS 3719 (2023) (04) ITAT Important Case Laws relied upon:Maruti Insurance Broking (P.) Ltd. vs DCIT 127 taxmann.com 685CIT vs. V. …