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 »
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 »
Pay STCG on sale of flat if Deprecaition was claimed earlier and then convereted into Investment in Balance Sheet before sale I Supreme Court SUPREME COURT OF INDIA Sakthi Metal Depot v. Commissioner of Income-tax A.M. KHANWILKAR AND SANJIV KHANNA, JJ. CIVIL APPEAL NO(S). 8605 OF 2011 JULY 7, 2021 Navanjay Mahapatra, Varun Chug, Sughosh Subramanium, Advs., Mrs. Anil Katiyar,… Read More »
Fresh losses can be claimed in Reassessment if not claimed in Orgional Income Tax Return Facts of the Case There is no original assessment for the Assessment Year and only the an intimation under section 143(1) of the Act was issued to the assessee. Further to this it was claimed that the said intimation under section 143(1)… Read More »
IN THE ITAT BANGALORE BENCH ‘C’ Deputy Commissioner of Income-tax, Circle – 12(3), Bengaluru v. Sasken Network Engineering Ltd. N.V. VASUDEVAN, VICE-PRESIDENT AND CHANDRA POOJARI, ACCOUNTANT MEMBER IT APPEAL NO. 547 (BANG.) OF 2013 [ASSESSMENT YEAR 2007-08] JULY 12, 2021 Smt. R. Premi, JCIT (DR)(ITAT) for the Appellant. C. Narayan, CA for the Respondent. ORDER N.V. Vasudevan, Vice President. –… Read More »