Category: Income Tax
No Penalty u/s 271(1)(c) on filing revised return when no such questionnaire was issued with notice u/s 143(2) ABCAUS Case Law CitationABCAUS 3463 (2021) (03) ITAT Important case law relied referred:CIT vs. SSA’s Emerald MeadowsPr. CIT vs. Sahara India Life Insurance Company Ltd.ITO vs. Sitashri Trading & Finance …
Harish Salve gets relief from ITAT. Funding education of Indian law students abroad allowed as business expenditure u/s 37(1) as goodwill measure ABCAUS Case Law CitationABCAUS 3462 (2021) (03) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming disallowance of …
SOP for physical hearing of cases before NCLT apart from virtual hearing w.e.f. 01.03.2021. The SOP is applicable to all NCLT Benches File No. 10/03/2021-NCLTNATIONAL COMPANY LAW TRIBUNAL 6th Floor, Block-3,CGO Complex, Lodhi Road, New Delhi- I10003Dated: 26th February 2021 Standard Operating Procedure for physical hearing of cases …
CBDT extends deadline for passing income tax Penalty / Assessment/Re-assessment orders and issue of notice/passing orders under Benami Act MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 10/2021 New Delhi, the 27th February, 2021 S.O.966(E).—In exercise of the powers conferred by sub-section (1) …
Pr. CCIT UP (East) Lucknow invites application to empanel Senior and Junior Standing Counsels Office of the Principle Chief Commissioner of Income Tax U.P. (East), Lucknow has invited application to empanel Senior and Junior Standing Counsels to represent the cases of Income Tax Department before the …
Disallowance u/s 40(a)(ia) for non deduction of TDS on amount credited to Provision account deleted by High Court on principles of consistency ABCAUS Case Law CitationABCAUS 3460 (2021) (02) HC Important case law relied referred:Bharat earth movers vs. CIT (2000) 245 ITR 428 (SC)Parashuram Pottery Works Co. Ltd. …
Transfer of jurisdiction u/s 127 upheld as partnership firm was required to disclose residence of its partners ABCAUS Case Law CitationABCAUS 3459 (2021) (02) HC Important case law relied referred:Kishore Samrite Vs. State of U.P. (2013) 2 SCC 398Pannalal Binjraj vs. Union of India (1957) 31 ITR 565 …
Income of Haryana State Pollution Control Board (PAN AAAJH0446F) exempted u/s 10(46) of Income Tax Act 1961 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 22nd February, 2021 S.O. 813(E).—In exercise of the powers conferred by clause (46) of …
Partners salary revised just before end of financial year allowed being in accordance with terms of deed and law ABCAUS Case Law CitationABCAUS 3458 (2021) (02) ITAT In the instant case, the appellant assessee had challenged the order passed by the CIT(A) in confirming addition made by the …
Addition u/s 69 for unexplained cash deleted by the Tribunal. It was held that tag of another bank found on cash bundles not to be given weightage as it is a common practice amongst banks to issue currency bundles as received by them ABCAUS Case Law CitationABCAUS 3457 …
