Cases Income tax

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Question : Can the statutory benefit under section 54 of the Income Tax Act, be denied to the assessee merely for the reason that the name of the wife was included in the property newly purchased? HIGH COURT OF DELHI passed the order on 22nd September, 2022
Question: Whether penalty u/s 270A can be saved for deduction claimed as business deductible expenditure for payment of Cess on income tax and surcharge in any previous year?
Series: Notice u/s 148 recd. What to do Check list: point first : Pls see the date and time of digitally signing of the Ld. AO and digitally granting of approval by the Prescribed Authority. HIGH COURT OF ALLAHABAD decided on SEPTEMBER 8, 2022
Question: Can AO reassessment order frame without considering the objection to the reopening of the assessment under section 147 of the IT Act? HIGH COURT OF ORISSA passed the order on this issue.
Whether remuneration to partner should be first allowed or brought forward business losses should be first set off? Ahmedabad tribunal decided the issue is very useful.
Question: Whether penalty imposed under section 270A is to quashed when AO as well as assessee has used the same details to arrive at different conclusions i.e. differing quantum of disallowances under section 14A of the Act. High Court of Delhi decided on this issue on May 31, 2022.
Q Can condonation of delay in filing appeal be acceded without a written request? The Hon’ble ITAT, Agra passed the order in the similar circumstances in the case of Netra Pal Singh v. Asstt. CIT on dated 23 April 2003 vide IT(SS)A No. 89/Del/1997 Block period 1985-86 to 1995-96
Question: Consequences on deduction claimed under section 80-IB (7) of the act when the assessee not furnished return of income before the due date specified under section 139(1) of the act? Another question is what is the remedy for late filing of the return and to get the deduction claimed under section 80-IB (7) of the act? ITAT BANGALORE decided in the case of Hyagreeva Hotels & Resorts (P) Ltd. v. Dy. CIT on 18 July, 2022.
Consequences of not filing Form 10B electronically. Whether benefit of exemption under sections 11 and 12 shall be available to the assessee in respect of income derived? Another question is what to do in such circumstances? ITAT, AHMEDABAD BENCH ITA No. 355 & 356/AHD/2021 decided on the issue of dated 15 July, 2022 in the case of Ambica Sarvajnik Trust Anklav v. Dy. CIT (CPC). Kindly click the link to get the answer and full decision.
ITAT DELHI “SMC” BENCH Pronouncement the order on 27.5.2022 in the case of Bharat Bhushan Jain Vs. ITO.