491 results
Search Results
2. Jk Paper informs about disclosure
3. I-T - If investment in unknown stock by assessee is not real & all paper work and routing money through banking channels is only to make it real or legal, said investment is unexplained: ITAT
4. I-T- Application for recall of order approving Resolution Plan is maintainable where Resolution Plan does not meet requirements of Section 30(2) of IBC: HC
5. I-T - There cannot be any justification for allowing a deduction u/s 37(1) or u/s 28, of write-off of amount paid on encashment of this corporate guarantee: ITAT
6. Gujarat court denies bail to The Hindu journalist Mahesh Langa in GST fraud case
7. Opening I-T Reassessment Only if Escaped Income Is Rs50 Lakh or More: FM
8. INTL -Income of a non-resident assessee cannot be taxed in India where such person is employed abroad during relevant period: ITAT
9. I-T - Receipts from supply of software products cannot be taxed as royalty or FIS, in absence of transfer of any technical know-how with those products: ITAT
10. I-T- Reopening of assessment beyond four-year limitation is invalid where the Revenue could not establish any failure of assessee to disclose necessary facts: ITAT
11. I-T - Once availability of cash in hands of assessee is accepted, then deposit of such cash in bank account cannot be doubted: ITAT
12. I-T - If assessee is not owner of property of which he acted as GPA holder, and no profit arises on executing sale deed by assessee and neither any capital asset is transferred, then no capital gains is taxable in hands of assessee: ITAT
13. I-T - Words used in section 147 are 'Reason to believe' and not Reason to suspect: ITAT
14. I-T - Revision u/s 263 is not warranted if AO has properly conducted enquiry during course of assessment: ITAT
15. I-T - Prize winning from unsold lottery tickets are taxable as 'business income' and not 'income from other sources': ITAT
16. I-T - If details of profits claimed to have been given to firm as loans, is not established, then unaccounted share of profits in firm is taxable in hands of individual parters: ITAT
17. I-T- When a property is valued by DVO, who is an expert, neither AO nor CIT - A has any right to reject the same, so far as computation of capital gain u/s 50C is to be determined: ITAT
18. I-T - Payments made overseas for general support services, for which no technology was made available, cannot be taxed as 'FTS': ITAT
19. I-T- Power of revision is unwarrantedly exercised where it is based on incorrect assumption of facts: ITAT
20. I-T - If there is settlement arrived at between members of Hindu undivided family, then cost with reference to acquisition of property would have to be assessed as per Sec 49(1)(i): HC
21. I-T - Joint venture undertaking which was awarded a contract for full-fledged development of Airport, can be said to be 'developer' eligible for deduction u/s 80-IA(4): HC
22. I-T - If tax is deductible at source, then assessee shall not be called upon to pay tax himself to extent to which tax has been deducted from that income: HC
23. I-T - Recording reserve in consequence to amalgamation order, which was passed for purpose of balancing accounts based on double entry system employed, cannot give rise to any benefit in course of business: ITAT
24. I-T - Tax authorities are not entitled to tax entire transaction, but only income component of disputed transaction, to prevent possibility of revenue leakage: HC
25. SEBI proposes procedure for seeking waiver of interest on penalty payment
26. I-T - Commission income from such sale of agriculture produce on behalf of farmers duly offered for tax in ITR, merits TDS deduction both u/s 194H and 194Q: ITAT
27. I-T- Additions framed u/s 69 unwarranted where assessee has sufficient cash to justify bank deposits made in its account, even after accounting for potential expenses: ITAT
28. DTAA - Comparable company merits being excluded where it operates with extraordinary margins & diverse business interests, including intangibles in contrast to assessee-company: ITAT
29. TP - No separate ALP adjustment is required for payment of royalty if TNMM approach has been adopted at entity level: ITAT
30. I-T- Sine qua non for invoking power of revision is that the original assessment order must be erroneous as well as such that it causes loss of revenue: HC
31. I-T- Partnership firm is entitled to claim TCS credit where it reflects in account of original license holder, who has not declared the income or claimed the credit: ITAT
32. I-T- Power of revision not to be invoked as assessment order does not reveal lack of enquiry by AO in relevant issues; order is neither erroneous nor prejudicial to revenue's interests: ITAT
33. I-T- Revision is not possible merely because guideline value was higher than sale consideration shown in the deed of conveyance and same cannot be sole reason for holding that assessment is erroneou s: ITAT
34. I-T-While calculating income, net income should be considered as taxable income after reducing the expenditure incurred towards earning of such income: ITAT
35. I-T- Re-assessment cannot be resorted to, where no failure to make full & true disclosure of material facts necessary for assessment is attributed to assessee: ITAT
36. I-T - When only source of income of assessee was income derived from rent/ amounts received from letting out its properties, then such income is taxable as 'income from business': HC
37. I-T- Re-assessment order invalidated where passed by AO who lacks jurisdiction to pass the same, on account of invalid transfer of assessment following non-compliance with Section 127: ITAT
38. I-T- Unexplained expenditure - Additions upheld as vague diary entries, third party evidence & lack of supporting documents, fail to refute the charges: ITAT
39. I-T- Penalties imposed on assessee would not survive where accompanying additions based on which penalties were imposed, are themselves quashed: ITAT
40. I-T - AO can't pass assessment order invoking Sec 144C(3) on ground that assessee did not file objections within specified time as per Sec 144C(2)(b), when assessee has timely sent Form 35A: HC
41. I-T- Assessee cannot be expected to keep track of proceedings against it through ITBA portal, for periods preceding the date on which assessee registered on ITBA portal: ITAT
42. + I-T-Service of SCN via email does not qualify as valid service for purposes of Rule 127(2)(b) of I-T Rules - re-assessment order is invalidated where mandatory SCN is not validly served onto assessee: ITAT
43. I-T- Addition framed under LTCG is unsustainable where no prior intimation regarding adjustments is provided before CPC/AO's order, as required by Section 143(1): ITAT
44. I-T- Mere change of opinion cannot form the basis for reopening the completed assessment: ITAT
45. I-T- Disallowance of interest u/s 14A is unwarranted, where assessee's own funds exceeded its investments in tax-free securities : ITAT
46. INTL - Hardship allowance constitutes a capital receipt & is exempt from taxation as income: ITAT
47. TP - Companies which are functionally dis-similar to & have turnovers higher than that of assessee, cannot be adopted as comparables for benchmarking purposes: ITAT
48. I-T- Addition framed u/s 153A based on unverified electronic data, without a certificate under Section 65B of Indian Evidence Act & lacking corroborative evidence, is invalid: ITAT
49. I-T- Accounting principles do not prescribe maintaining of a day-to-day stock register, and the books of accounts cannot be rejected on this basis alone: ITAT
50. I-T - Foreign entity having valid tax residency certificate is eligible to treaty benefits on long term capital gain from sale of shares of Indian entity: ITAT
Discovery Service for Jio Institute Digital Library
For full access to our library's resources, please sign in.