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Judiciary

ITAT allows Benefit of Cost of Acquisition in construction of roof rights in property

May 16, 2023 684 Views 0 comment Print

Learn how ITAT Delhi’s ruling favored Manoj Mediratta in a capital gain assessment case, setting aside the addition made by the assessing authority and remanding the issue for fresh consideration.

Time bar not apply to refund of duty paid by mistake

May 16, 2023 1227 Views 0 comment Print

Discover how CESTAT Delhi’s ruling favored Pine Laminates Pvt. Limited, allowing their refund claim under section 11B of the Central Excise Act, 1944, challenging rejection based on time limitation.

Production of hybrid & open pollinated seed varieties is Agricultural Activity

May 16, 2023 636 Views 0 comment Print

In the case of DCIT Vs Pravardhan Seeds Pvt. Ltd., ITAT Hyderabad ruled that agricultural activities for seed production qualify for tax exemption under section 10(1) of the Income Tax Act.

Assessee obtained PAN of Transporter – Section 194C TDS not applicable

May 16, 2023 2382 Views 0 comment Print

Chandigarh Freight Carrier vs PCIT case delves into tax deduction issues under Section 194C. Detailed analysis reveals how compliance and jurisdiction were evaluated by ITAT Delhi.

Non-Deposit of GST: HC grants anticipatory Bail to Assistant Director of Horticulture

May 16, 2023 552 Views 0 comment Print

committed irregularity by not depositing GST in the account(s) of the Central and State Governments. Based upon which, the offence has been registered.

Section 148A(d) order invalid if approval was taken from wrong authority

May 16, 2023 3963 Views 0 comment Print

Kiran Agarwal challenges an order under Section 148A(d) of the Income Tax Act, citing jurisdictional issues. Calcutta High Court quashes the order due to non-compliance with approval formalities.

Penalty quashed as AO not specified under which limb he intended to impose Penalty

May 16, 2023 531 Views 0 comment Print

ITAT Delhi deletes penalties imposed under section 271(1)(c) for concealment of income/filing inaccurate particulars in Babita Khurana vs DCIT case. Detailed analysis and ruling provided.

Section 271B Penalty – ITAT restores matter to CIT(A)

May 16, 2023 534 Views 0 comment Print

Shri Palabathuni Chandra Ravi Vs ITO (ITAT Hyderabad) Facts of the case, in brief, are that the assessee is an individual and filed his return of income electronically on 21.1.2018 declaring total income at Rs.6,21,210/-. During the course of assessment proceedings, it was noticed by the Assessing Officer that the assessee deposited a total of […]

Deduction u/s 80IA available as cost of imported power is charged before computing eligible deduction

May 16, 2023 366 Views 0 comment Print

ITAT Chennai held that disallowance of deduction u/s 80IA of the Income Tax Act unsustainable as cost of power imported is charged before computing income eligible for deduction u/s 80IA.

HC quashes income tax demand notice for non-compliance of Section 144B

May 16, 2023 993 Views 0 comment Print

Arihant Roller Flour Mills Vs National Faceless Assessment Centre and anr (Punjab and Haryana HC) Petitioner is seeking issuance of writ in the nature of certiorari for quashing order dated 24.03.2023 (P-6), notice of demand dated 24.03.2023 (P-7), notice dated 24.03.2023 ( P-8), as the orders/notices had been passed in violation of principles of natural […]

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