BUSINESS EXPENDITURE HELD ALLOWABLE, NOT ALLOWABLE, PARTLY ALLOWABLE WITH TESTS/PRINCIPLES FOR DETERMINATION 2019 Price Rs 830 Buy Online Click here Paperback: 719 pages Publisher: TAX PUBLISHERS; YEAR 2019 edition (15 January 2019) Firstever Rigorous and Practice Specific Analytical Study of Section 37(1) of the Income Tax Act. Parts and Chapters coined in a manner that every… Read More »
Top 100 Income-Tax Rulings of 2018 by Taxsutra (Author), Anumita Sarkar (Editor), Parasaran (Introduction), Mohan (Introduction) Price Rs 1226 Click here to Buy online Top 100 income-tax rulings of 2018 is your guide to the key income-tax judgments delivered during the course of the year. Taxsutra’s editorial team has carefully picked the top 100 as well as top 15 cases of 2018, based… Read More »
ITAT Delhi Escorts Skill Development Vs CIT (Exemptions) ITA No. 527/Del/2017 Dated 26/04/2019 Since common questions of facts and law have been raised in both the aforesaid appeals, the same are being disposed off by way of composite order to avoid repetition of discussion. 2. The Appellant, Escorts Skill Development (hereinafter referred to as the… Read More »
T ITAT Jodhpur Mahnoo Khan Vs ITO Appeal Number : ITA No. 17/Jodh/2019 Order : 03/05/2019 Related Assessment Year : 2012-13 The appeal by the assessee is directed against the order dated 17.12.2018 of the CIT(A)-3, Jaipur. 2. Following grounds have been raised in this appeal :- 1. That the order passed by the Commissioner… Read More »
Held Since, the legislature has consciously not amended the provisions of section 54F, it has to be held that the word “own” in Section 54-F would include only the case where a residential house is fully and wholly owned by the assessee and consequently would not include a residential house owned by more than one person. IN THE ITAT MUMBAI BENCH… Read More »
Held The word “Other Authorities” has been interpreted in Umesh vs. Singh A 1967 Pat. 3(9) F.B. to include a Board, University, The Chief Justice of a High Court, having powers to issue rules, bye laws or regulations having the force of law. The above decision provides that the assessee is covered under the expression… Read More »
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the cash loan received from the parents and brother of the assessee for the purchase of the house for the whole family cannot be penalized under Section 271D of the Income Tax Act. Penalty for Cash loan from parents and brother for… Read More »
ITAT Bangalore M/s. Rajesh Exports Ltd. Vs ACIT ITA Nos. 928 to 931/Bang/2017 dated 27/11/2018 Assessment Year : 2008-09 to 2014-15 Theseseven appeals are filed by the assessee and these are directed against separate orders of CIT (A) – 11, Bangalore dated 28.02.2017 for A. Ys. up to 2011 – 12 and dated 20.11.2017 for A.… Read More »
The benefit of the capital gain exemption cannot be denied to a taxpayer on the ground that the income tax return is not filed declaring such income, said the Income Tax Appellate Tribunal (ITAT), Bangalore bench. Smt. Tupel Raja Iyengar Shakuntala, VS The Income-Tax Officer ITA No.64/Bang/2019 Assessment Year : 2009-10 Dated 10.05.2019 O R… Read More »
ITAT condones delay in appeal filing due to illness of chief accountant ITAT Ahmedabad Shri Pawan S. Jalan Vs ACIT ITA No.1567/Ahd/2017 Date of Judgement/Order : 01/02/2019 Assessee is in appeal before the Tribunal against order of the ld.CIT(A)-5, Ahmedabad dated 29.5.2017 passed for the Asstt.Year 2013-14. 2. Though the assessee has taken five grounds… Read More »