Income Tax Refund can not be adjusted by Assessing officer without intimation : High Court Facts of the Case Income Tax department sought to adjust refund granted to assessee for assessment year 2019-20 against demands for assessment years 2015-16 and 2016-17, Petitioner already filed appeal against outstanding demand of AY 2015-16 and 2016-17 and deposited… Read More »
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 »
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 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 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 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 »
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 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 »
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 »
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 »