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Company qualifies for Section 80­IA deduction on Conversion from Partnership

Case Name : CIT Vs Chetak Enterprises Pvt. Ltd. (Supreme Court)
Appeal Number : Civil Appeal No. 1764 of 2010
Date of Judgement/Order : 05/03/2020
Related Assessment Year : 2002-03
Courts : Supreme Court of India (2373)
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Two enterprises can be treated as associated enterprises when criterion specified in Section 92A(2) is satisfied

Case Name : Kaybee Pvt Ltd Vs ITO (ITAT Mumbai)
Appeal Number : ITA No 2165/Mum/15
Date of Judgement/Order : 28/02/2020
Related Assessment Year : 2007-08
Courts : All ITAT (14947) ITAT Mumbai (3583)
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Capital Gain cannot be taxed to GPA holder, who is not the owner

Case Name : Upma Shukla Proprietor Troubleshooters Vs ITO (ITAT Delhi)
Appeal Number : ITA No. 4218/Del/2015
Date of Judgement/Order : 14/10/2019
Related Assessment Year : 2009-10
Courts : All ITAT (14947) ITAT Delhi (3704)
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Section 12AA registration cannot be denied merely for lack of activities by trust before application: SC

Case Name : Ananda Social and Educational Trust Vs CIT & Anr. (Supreme Court)
Appeal Number : Civil Appeal No(S). 5437-5438/2012
Date of Judgement/Order : 19/02/2020
Related Assessment Year :
Courts : Supreme Court of India (2373)
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Section 153C Requirement should be fulfilled by AO before initiating proceedings

Case Name : Super Malls Private Limited Vs PCIT (Supreme Court)
Appeal Number : Civil Appeal Nos. 2006-2007 of 2020
Date of Judgement/Order : 05/03/2020
Related Assessment Year : 2008-09
Courts : Supreme Court of India (2373)
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If debt become irrecoverable then assessee can writes off it as Bad Debts

Case Name : PCIT Vs Homi Mehta & Sons Pvt. Ltd. (Bombay High Court)
Appeal Number : ITA No. 1407 of 2017
Date of Judgement/Order : 07/01/2020
Related Assessment Year : 2008-09
Courts : All High Courts (13939) Bombay High Court (1880)
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Set off of Loss against Income from Other Sources is prohibited wef 01.04.2017

Case Name : Sri. John Daniel Vs ACIT (ITAT Cochin)
Appeal Number : ITA No.201/Coch/2019
Date of Judgement/Order : 09/03/2020
Related Assessment Year : 2015-2016
Courts : All ITAT (14947) ITAT Cochin (146)
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No penalty for bonafide different perspective in ALP calculation

Case Name : ITO Vs Tianjin Tianshi India Pvt. Ltd. (ITAT Delhi)
Appeal Number : ITA No. 2967/Del/2015
Date of Judgement/Order : 09/03/2020
Related Assessment Year : 2006-07
Courts : All ITAT (14947) ITAT Delhi (3704)
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FDI received as per FDI policy cannot be added to income for non-submission of bank statement

Case Name : DCIT Vs Technico Industries Pvt. Ltd. (ITAT Delhi)
Appeal Number : ITA No. 5204/Del/2015
Date of Judgement/Order : 09/03/2020
Related Assessment Year : 2011-12
Courts : All ITAT (14947) ITAT Delhi (3704)
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Addition cannot be made for mere difference between form 26AS & P&L A/c

Case Name : Sree Sankeswara Foundations and Investments Vs ACIT (ITAT Chennai)
Appeal Number : I.T.A. No.3288/CHNY/2019
Date of Judgement/Order : 09/03/2020
Related Assessment Year : 2016-2017
Courts : All ITAT (14947) ITAT Chennai (858)
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