Section 54F relief allowed even if payment is made one year before acquisition of property : High Court HIGH COURT OF KARNATAKA M. George Joseph v. Deputy Commissioner of Income-tax, Circle-12(2), Bangalore ALOK ARADHE AND HEMANT CHANDANGOUDAR, JJ. IT APPEAL NO. 238 OF 2015 JULY 12, 2021 Shankar A., Sr. Counsel and Bhairav Kuttaiah, Adv. for the Appellant. E.I. Sanmathi,… Read More »
Sale of Jaggery is not agriculture income in Income Tax : High Court HIGH COURT OF MADRAS E. Palaniappan v. Income-tax Officer Ward – II(1), Salem M. DURAISWAMY AND MRS. R. HEMALATHA, JJ. TAX CASE APPEAL NOS.1467 & 1468 OF 2008 JUNE 22, 2021 Niranjan Rajagopal for the Appellant. M. Swaminathan, Sr. Standing Counsel and Mrs. V. Pushpa, Standing Counsel for… Read More »
Facelsss Assessment not valid if Draft Assessment order not issued to assessee : HC HIGH COURT OF BOMBAY Chander Arjandas Manwani v. National Faceless Assessment Centre K.R. SHRIRAM AND M.S. KARNIK, JJ. WRIT PETITION NO. 3195 OF 2021 SEPTEMBER 21, 2021 Dharan V. Gandhi for the petitioner. Sham V. Walve and Pritish Chatterjee for the Respondent. Petitioner had fled returns for AY… Read More »
Income Tax Department conducts searches in Maharashtra Posted On: 27 SEP 2021 The Income Tax Department carried out a search and seizure operation on 23.09.2021 on a group of four major Steel Rolling Mills based in Jalna, Maharashtra. These companies are engaged in the business of manufacturing steel TMT bars and billets mostly using steel… Read More »
Depreciation and Expenses allowed on Car purchased in Director name IN THE ITAT AHMEDABAD BENCH ‘C’ Income-tax Officer, Ward-1(1)(2), Ahmedabad v. Bajaj Herbals (P.) Ltd. MS. MADHUMITA ROY, JUDICIAL MEMBER AND WASEEM AHMED, ACCOUNTANT MEMBER IT APPEAL NOS. 2349 (AHD) OF 2015 [ASSESSMENT YEAR 2009-10] JULY 15, 2021 L.P. Jain, SR DR for the Appellant. Tushar Hemani, Sr.… Read More »