judgment

  • Income Tax

Appointments of advocates on Income Tax panel not equitable and without consideration of the issue of law involved vis-a-vis experience of Advocate – Bombay HC

Appointments of advocates on Income Tax panel not equitable and without consideration of the issue of law involved visavis the experience of the Advocate…

8 years ago
  • Income Tax

Penalty 271(1)(c) quashed-Assessee forget to declare interest income due to old age

In a recent judgment, ITAT Amritsar has quashed penalty imposed u/s 271(1)(c) for non declaration of bank fixed deposit interest…

8 years ago
  • Income Tax

Indian National Congress Party (INC-I) not entitled to exemption u/s 13A being failed comply with three conditions of the section 13A

In a recent judgment, the Delhi High Court has held that Indian National Congress Party (INC) (I) not entitled to…

8 years ago
  • Income Tax

Additions u/s 69A upheld for maximum peak bank deposits instead of closing balances for the day

In a recent judgment, ITAT, Amritsar has ruled that CIT(A) was right in taking the the highest amount of cash deposits…

8 years ago
  • Income Tax

Keyman Insurance Policy (KIP) Premium is an allowable business expenditure

In a recent judgment, ITAT Amritsar has endorsed that Premium of Keyman Insurance Policy (KIP) is an allowable business expenditure. Case…

8 years ago
  • Income Tax

Shipping charges using non-resident shipping are not liable to TDS u/s 172(8) as supplemented by CBDT Circular No. 723/1995

ITAT Amritsar, in a recent judgment has held that shipping charges (Inland haulage charges, Terminal handling charges, Bunker adjustment factor,…

8 years ago
  • Income Tax

Expenditure incurred for software development are capital expenditure

Calcutta High Court in a recent judgment has held that expenditure incurred for software development was  capital expenditure Case Details: ITA…

8 years ago
  • Income Tax

Exemption u/s 10(22A) 10(23C)(iiiac)-Nexus between activities of hospital/institution and the income is essential for claim

In a recent judgment, Calcutta High Court has held that to claim exemption under section 10(22A), existence of a nexus between…

8 years ago
  • Income Tax

While reversing order of CIT(A), Tribunal duty bound to examine and discuss reasons given

While reversing order of CIT(A), Tribunal duty bound to examine and discuss reasons given While reversing the order of the…

8 years ago
  • Income Tax

Deduction 33AB first allowed from composite income before apportionment under Rule 8(1) between agricultural non-agricultural

Deduction 33AB first allowed from composite income before apportionment under Rule 8(1) between agricultural non-agricultural The deduction u/s 33AB of…

8 years ago