section 143(3) - Page 5

Reassessment without due application of mind by AO was invalid

Shashi Mohan Garg Vs ITO (Delhi High Court)

Re assessment notice issued under section 148 solely on basis of information received from the Kolkata Investigation Directorate that certain persons, who were based in Kolkata, had incorporated shell companies....

No Section 194H TDS deductible on Trade Discount Retained by Ad Agencies

PCIT Vs Optimal Media Solutions Ltd (Delhi High Court)

Delhi High Court's judgment in PCIT vs. Optimal Media Solutions Ltd. for AY 2009-10 clarifies that retention by advertising agencies is trade discount, not subject to TDS under section 194H....

Co-op Societies Eligible for Section 80P Deduction on Interest from Co-op Banks

Navrang Basant Co-operative Housing Society Limited Vs ITO (ITAT Mumbai)

In a recent ITAT Mumbai case, the deduction of interest income under Section 80P for a cooperative housing society was upheld, clarifying eligibility for cooperative societies....

ITAT Delhi dismisses reopening as same was based on change of opinion

ITO Vs Sant Singh (ITAT Delhi)

Read the detailed analysis of the ITAT Delhi's decision to dismiss a reopening based on a change of opinion in the case of ITO Vs Sant Singh....

Addition u/s 68 unsustainable as documentary evidences furnished not proved to be defective

DCIT Vs Jayesh R. Thakkar (ITAT Ahmedabad)

ITAT Ahmedabad held that addition towards unexplained cash credit under section 68 of the Income Tax Act rightly deleted by CIT(A) as documentary evidences proving identity, creditworthiness of the parties and genuineness of the transaction were not proved to be defective by revenue....

ITAT Upholds Addition on LTCG Under Section 50C for Unregistered Deeds

Hari Mittar Yadav Vs ITO (ITAT Mumbai)

ITAT Mumbai decision in Hari Mittar Yadav vs. ITO: Confirmation of addition on LTCG under Section 50C based on unregistered deeds entered on judicial stamp papers....

ITAT deletes Section 40A(2)(a) interest disallowance for failure to compare with FMV

Genxt Mobile LLP Vs ACIT (ITAT Mumbai)

Genxt Mobile LLP wins appeal as ITAT deletes disallowance on interest payment, citing failure to compare with the fair market value under Section 40A(2)(a)....

Property renovation expenses can’t be disallowed for missing details in bill

Dappled Paper Industries Pvt. Ltd. Vs ACIT (ITAT Delhi)

Property renovation cannot be disallowed merely for the reason that no telephone number, VAT/TIN number has been mentioned in the bill and there is no charges of VAT levied in the bill...

Books & Vouchers not Required in 44AD Return; ITAT deletes Section 69A Addition

Narendra Kumar Gupta Vs DCIT (ITAT Delhi)

ITAT Delhi rules in favor of Narendra Kumar Gupta, stating that books of account and vouchers are not required in a 44AD return, deleting additions u/s 69A....

ITAT Directs Rehearing due to Notice Sent to Wrong Address

Grand Venezia Commercial Towers Pvt. Ltd. Vs ACIT (ITAT Delhi)

ITAT Delhi's decision in the case of Grand Venezia Commercial Towers Pvt. Ltd. regarding hearings notice sent to wrong address. Detailed analysis and conclusion....

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