Category: Judgments
Concealment penalty on filing revised return after enquiry by Investigation Wing deleted as revised return was within the stipulated period prescribed u/s 139(5) ABCAUS Case Law Citation:ABCAUS 3061 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties:CIT Vs. Kulwant Singh’ (2019) 104 Taxmann.com 340 The instant …
Cash deposited in bank from amount given by husband for household expenses. ITAT accepted the explanation and deleted addition made u/s 69A ABCAUS Case Law Citation: ABCAUS 3060 (2019) (07) ITAT The instant appeal was filed by the assessee against the order of the CIT(A) whereby he partially …
Income of non resident shipping company u/s 172-Assessee asked to furnish proof that income tax return filed in foreign country or certificate from IRA ABCAUS Case Law Citation:ABCAUS 3059 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties:Alabra Shipping Pte Ltd. (2016) 129 DTR (Rjt) (Trib) …
Requirement u/s 143(2) is of service of notice and not issue of notice. ITAT explains the law on service of notice under Income Tax Act , 1961 ABCAUS Case Law Citation:ABCAUS 3058 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties:V. R. A. Cotton Mills P. …
Penalty u/s 272A(2)(k) for delay in filing TDS returns deleted as TDS was deposited within due time to the credit of the Central Government ABCAUS Case Law Citation:ABCAUS 3057 (2019) (07) ITAT The instant appeal was filed by the assessee against the appellate order passed by Commissioner of …
No exemption u/s 54B for purchase of agricultural land belonging to Scheduled Caste which cannot be transferred unless converted to non-agricultural land. ABCAUS Case Law Citation:ABCAUS 3056 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties:Mysore Minerals Ltd. Vs CIT 239 ITR 775CIT Vs. Podar Cement …
If AO examines a claim and not reject it then it can’t be said that AO had not formed any opinion so as reopen the case without any new or additional material-SC dismisses SLP of ITD ABCAUS Case Law Citation:ABCAUS 3055 (2019) (07) SC Important Case Laws Cited/relied …
Rejecting books of accounts duly audited by CA u/s 44AB on the basis of presumptions without making any investigation is erroneous – ITAT ABCAUS Case Law Citation:ABCAUS 3054 (2019) (07) ITAT The instant appeal was filed by the assessee against the order of the CIT(A) in inter alia …
GSTR-3B not a monthly return in lieu of Form GSTR-3. High Court quashes Finance Ministry Press release clarifying the last date for availing ITC relating to invoices issued during July 2017 to March 2018 ABCAUS Case Law Citation: ABCAUS 3053 (2019) (07) HC The Finance Ministry vide Press …
Income wrongly declared in ITR by mistake cannot be taxed because assessee has not earned it. There is no provision in the Act to do so. ABCAUS Case Law Citation: ABCAUS 3052 (2019) (07) ITAT The instant appeal was filed by the assessee against the order of the …