Category: Judgments
Ex parte order passed without considering e-mail sent to Assessing Officer and CIT(A) restored back to AO by ITAT ABCAUS Case Law Citation: ABCAUS 2601 (2018) (10) ITAT The instant appeal was filed by the revenue against the order of the CIT(A). The assessee was an individual and …
Penalty imposed by Supreme Court for illegal mining held compensatory in nature and allowed as business expenditure u/s 37(1) of the Income Tax Act ABCAUS Case Law Citation: ABCAUS 2600 (2018) (10) ITAT Important Case Laws Cited/relied upon: Essel Mining & Industries Ltd vs. Addl. CIT ACIT vs. …
No penalty u/s 272A(2)(k) for delay in filing TDS returns when tds was deposited in within time and delay was due to technological glitches due to switchover of filing of TDS return in paper forms to e-filing- ITAT ABCAUS Case Law Citation: ABCAUS 2599 (2018) (10) ITAT Important …
Mere fall in net profit rate by itself no ground to increase profit rate as compared to the preceding assessment years as profit cannot be static each year – ITAT ABCAUS Case Law Citation: ABCAUS 2598 (2018) (10) ITAT The appellant assessee was aggrieved by the order of …
Not striking off penalty notice SC dismisses assessee’s SLP against High Court order holding that it had caused no prejudice to the assessee ABCAUS Case Law Citation: ABCAUS 2597 (2018) (10) SC Important Case Laws Cited/relied upon: Commissioner of Income Tax Vs. Jindal Equipments Leasing and Consultancy Services …
ITAT explains law of appeal to CIT-A of revisionary order passed u/s 263. When CIT himself enhanced income, appeal would not lie to CIT(A) ABCAUS Case Law Citation: ABCAUS 2596 (2018) (10) ITAT The assessee had filed an appeal against the orders of the CIT(A) in holding that …
Delay in filing appeal for negligence and laches of counsel cannot be condoned as avoidable cause for delay by due care and attention cannot be sufficient cause – ITAT ABCAUS Case Law Citation: ABCAUS 2595 (2018) (10) ITAT The appellant assessee’s appeal was directed against the order passed …
Deduction u/s 54 allowed for property purchased from wife by General Power of Attorney as transfer of immovable property by a General Power of Attorney constitute transfer of capital asset. ABCAUS Case Law Citation: ABCAUS 2594 (2018) (10) ITAT The appellant assessee’s appeal was directed against the order passed …
Expenses of little amounts inherently have some element of personal nature – ITAT upheld 10% disallowance of community and social expenses ABCAUS Case Law Citation: ABCAUS 2593 (2018) (10) ITAT The present appeal was preferred by the appellant assessee against the order of the Commissioner of Income Tax …
Under section 71 assessee have option to set off losses against capital gains and the set off is not mandatory as revealed by legislative history – ITAT ABCAUS Case Law Citation: ABCAUS 2592 (2018) (10) ITAT Important Case Laws Cited/relied upon: Coated Fabrics (P) Ltd. vs JCIT’ 285 …
