Category Archives: Income Tax Judgments

Income shown in 26AS can not be taxed in mechanical way without verification by Income tax officer : ITAT

By | September 29, 2021

Income shown in 26AS can not be taxed in mechanical way without verification by Income tax officer : ITAT While filing her return of income the assessee has shown income from profession and other sources. During the process by CPC, the additions were made in the hand of assessee on the basis of TDS shown… Read More »

Faceless Assessement Order set aside as E filing Portal not working : High Court

By | September 29, 2021

HIGH COURT OF DELHI Faqir Chand v. National E-Assessment Center, Delhi MANMOHAN AND NAVIN CHAWLA, JJ. W.P.(C) NO. 8054 OF 2021 CM APPL. NOS. 25043 AND 25044 OF 2021 AUGUST  9, 2021 JUDGMENT CM APPL. 25044/2021 (exemption) Manmohan, J.— Allowed, subject to all just exceptions. Accordingly, the application stands disposed of. W.P.(C) 8054/2021 & CM APPL. 25043/2021 1. The… Read More »

Section 54F relief allowed even if payment is made one year before acquisition of property : High Court

By | September 27, 2021

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 »

Facelsss Assessment not valid if Draft Assessment order not issued to assessee : HC

By | September 27, 2021

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 »

Depreciation and Expenses allowed on Car purchased in Director name : ITAT

By | September 27, 2021

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 »

Form 10 can be filed manually with Assessing Officer if not available online : ITAT

By | September 24, 2021

IN THE ITAT BANGALORE BENCH ‘A’ Navodaya Education Trust v. Deputy Commissioner of Income-tax, Central Circle, Bellary CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER IT APPEAL NO. 49 (BANG.) OF 2021 [ASSESSMENT YEAR 2015-16] JULY  15, 2021 Rahul Kaul, Adv. for the Appellant. K. Devarathna Kumar, CIT (DR) (ITAT) for the Respondent. ORDER Chandra Poojari, Accountant… Read More »

CSR expenses spent as Donation allowed as deduction under Section 80G of Income Tax : ITAT

By | September 21, 2021

CSR expenses spent as Donation allowed as deduction under Section 80G of Income Tax : ITAT IN THE ITAT KOLKATA BENCH ‘A’ JMS Mining (P.) Ltd. v. Principal Commissioner of Income-tax, Kolkata-2 P. M. JAGTAP, VICE-PRESIDENT AND A.T. VARKEY, JUDICIAL MEMBER IT APPEAL NO. 146 (KOL.) OF 2021 [ASSESSMENT YEAR 2016-17] JULY  22, 2021 S.K. Tulsiyan ,… Read More »

Assets purchased for showroom of dealer for promoting sale is allowed as Capital Expenditure : High Court

By | September 20, 2021

HIGH COURT OF KERALA Apollo Tyres Ltd. v. Deputy Commissioner of Income-tax, Circle 1(1), Ernakulam S.V. BHATTI AND BECHU KURIAN THOMAS, JJ. IT APPEAL NO. 26 OF 2013 JULY  29, 2021 Joseph Markose, Sr. Counsel, V. Abraham Markos, Binu Mathew, Mathews K. Uthuppachan, Terry V. James and Tom Thomas Kakkuzhiyil, Advs. for the Appellant. P.K.R. Menon and Jose Joseph and Christopher Abraham for the Respondent. S.V.Bhatti, J. Heard learned Senior… Read More »

Compensation paid to tenant for surrender of land is allowed as deduction from Capital Gains : High Court

By | September 20, 2021

HIGH COURT OF KARNATAKA Trimm Exports (P.) Ltd. v. Deputy Commissioner of Income-tax, Circle – 12(4), Bangalore ALOK ARADHE AND HEMANT CHANDANGOUDAR, JJ. IT APPEAL NO. 43 OF 2017 JULY  13, 2021 A. Shankar, Sr Counsel, V. Chandrashekar and M. Lava, Advs. for the Appellant.K.V. Aravind for the Respondent. JUDGMENT Alok Aradhe, J. – This appeal under section 260-A of the Income-tax Act,… Read More »

Maintenance charges received from tenants for property taxable as business income : ITAT

By | September 20, 2021

IN THE ITAT DELHI BENCH ‘A’ Deputy Commissioner of Income-tax, Circle-3(1), New Delhi v. Arham IT Infrastructure (P.) Ltd. N.K. BILLAIYA, ACCOUNTANT MEMBER AND K.N. CHARY, JUDICIAL MEMBER IT APPEAL NO. 5300 (DEL) OF 2016 [ASSESSMENT YEAR 2013-14] JULY  27, 2021 Jagdish Singh, Sr. DR for the Appellant. Sudesh Garg, Adv. for the Respondent. ORDER N.K. Billaiya, Accountant Member. –… Read More »