ITAT: TDS on Common Area Maintenance (CAM) Charges is Deductible u/s 194C, Not as Rent u/s 194-I Brief Facts of the Case The assessee, M/s Glued Entertainment Pvt. Ltd., had leased a space in a mall and was paying monthly rent along with Common Area Maintenance (CAM) charges1. For the Assessment Year 2017-18, the assessee… Read More »
ITAT: Due Date for PF/ESI Deposit to be Verified from Actual Salary Disbursement Date Brief Facts of the Case The assessee, Alankit Limited, filed an appeal against the order of the CIT(A) which upheld a disallowance of ₹70,67,205. This disallowance was made under Section 36(1)(va) of the Income-tax Act, 1961, on account of a delay in… Read More »
ITAT: Adopts Lump-Sum Disallowance for Bogus Purchases Where Sales are Accepted; Deletes Penalty. Brief Facts of the Case The assessee, Ankur Kumar Goel, filed two appeals for the Assessment Year 2012-13. The first appeal challenged the complete disallowance of purchases worth ₹34,54,339, which the lower authorities had treated as bogus. Notably, the sales figures corresponding… Read More »
ITAT: Ad-hoc Estimation of Unexplained Cash Deposits Not Sustainable; Upholds ALV Calculation Based on Inspector’s Report Brief Facts of the Case The case concerns two main issues for the Assessment Year 2017-18: the calculation of Annual Letting Value (ALV) for the assessee’s properties and an addition for unexplained cash deposits during the demonetization period. Annual… Read More »
ITAT: Cash Deposits from Sales Already Offered to Tax Cannot Be Added Again as Unexplained Income u/s 68/69 Brief Facts of the Case The assessee, Sanjay Malhotra, filed an income tax return for the Assessment Year 2017-18, declaring an income of ₹15,06,8401. During the demonetization period, the assessee deposited ₹1,29,47,000 in cash into HDFC Bank.… Read More »
ITAT: Cash Deposits from Sales Already Offered to Tax Cannot Be Added Again as Unexplained Income u/s 68/69 Brief Facts of the Case The assessee, Shivansh Dairy Products Private Limited, filed an income tax return for the Assessment Year 2017-18. The case was selected for complete scrutiny because of an “abnormal increase in cash deposits… Read More »
IMPORTANT INCOME TAX CASE LAWS 13.10.2025 Section Case Law Title Brief Summary Citation Relevant Act 69, 69A, 69B Hiralal Vijawat vs. ACIT/DCIT Entire income surrendered during a survey by a cloth and saree trader, asserting it arose from business (excess cash/stock, debtor cash, shop investment), was to be taxed as business income at normal… Read More »
Section 50’s deeming fiction doesn’t affect the tax rate under Section 112. Issue Does the deeming provision of Section 50 of the Income-tax Act, 1961, which treats the gain on the sale of a depreciable asset as a Short-Term Capital Gain (STCG), also mandate that it must be taxed at the higher rates applicable to… Read More »
A delay in filing an appeal can be condoned if it was caused by the professional negligence of the taxpayer’s counsel. Issue Should a delay in filing an appeal be condoned if the reason for the delay is the professional negligence or oversight of the taxpayer’s authorized representative? Facts An assessee’s appeal was dismissed by… Read More »
An assessment on a dissolved firm is valid if the AO was not informed of the dissolution. Issue Is an assessment order passed in the name of a partnership firm legally valid if the assessee claims the firm had already dissolved, but they failed to formally intimate the tax department about this dissolution? Facts The… Read More »