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Section 12A and 11. Can application for Registration under section 12A be denied on the ground that the Objects included charitable and religious activities? ITAT, VISHAKHAPATNAM BENCH passed the order in the case of Dhatri Foundation v. CIT on dated 24 March, 2021 in favour of the assessee. For full order kindly click the link.

Section 12A and 11. Can application for Registration under section 12A be denied on the ground that the Objects included charitable and religious activities? ITAT, VISHAKHAPATNAM BENCH passed the order in the case of Dhatri Foundation v. CIT on dated…
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September 27, 2021

Can AO made the addition u/s. 41(l)(a) by holding cessation of liability even when there is litigation in the court? ITAT Mumbai passed the order in the case of Dcit-8(2)(2), Mumbai vs M/S Surbhit Impex Pvt. Ltd., … on 17 September, 2021

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI “G” BENCH, MUMBAI [Coram: Pramod Kumar (Vice President) And Saktijit Dey (Judicial Member)] ITA No. 3027/Mum/2019 Assessment Year: 2014-15 Deputy Commissioner of Income Tax, Circle-8(2)(2), Mumbai…. Appellant Vs Surbhit Impex Pvt. Ltd. …..Respondent…
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41(l)(a), cessation of liability, In Favour of Assessee, ITAT Mumbai

September 21, 2021

Section 11. Income of Trust: Whether excess of expenditure in the earlier years can be adjusted against the income of the subsequent year and whether such adjustment should be treated as application of income in subsequent year for charitable purposes?

Section 11. Income of Trust: Whether excess of expenditure in the earlier years can be adjusted against the income of the subsequent year and whether such adjustment should be treated as application of income in subsequent year for charitable purposes?…
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11, 11(1)(a), Articles

September 21, 2021

Incriminating material of the assessee found in the search of 3rd party then the assessment or reassessment proceeding of the assessee under which section 148 or 153C of the Income Tax Act? ITAT Delhi Bench again confirmed on Sep 17, 2021. in the case of CITY LIFE PROJECTS PVT. LTD. vs. ITO

CITY LIFE PROJECTS PVT. LTD. vs. INCOME TAX OFFICER IN THE ITAT DELHI BENCH ‘SMC’ N. K. BILLAIYA, AM. ITA No. 2668/DEL/2019 Sep 17, 2021 Section 143(3), 147, 148, 153C AY 2010-11 Decision in favour of: Assessee Q.Incriminating material of…
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148, 153C, AY 2010-11, In Favour of Assessee, ITAT Delhi

September 21, 2021

Application for settlement to Income-tax Settlement Commission can be filed now upto 30th Sept; 2021 by taxpayers eligible to file application as on 31.01.2021.

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 7th September, 2021 PRESS RELEASE CBDT allows taxpayers an opportunity to file application for settlement The Finance Act, 2021 has amended the provisions of…
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September 11, 2021

No interference is required to be made in the issue of notice under old provisions of Section 148 of the Income Tax Act extended uptill 30th day of June, 2021. The petition of the assessee is dismissed by Chhattisgarh High Court on 23/08/2021 in the case of Palak Khatuja Vs Union Of India

Palak Khatuja Vs Union Of India Chhattisgarh High Court Appeal Number : W.P.(T) No. 149 of 2021 Date of Judgement/Order : 23/08/2021 Palak Khatuja Vs Union Of India (Chhattisgarh High Court) No interference is required to be made in the…
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148, AY 2015-16, Chattisgarh High Court, Concealment of income, In favour of Revenue

September 11, 2021

Whether a reversal of Input Tax Credit (ITC) u/s Section 17(5)(h) is contemplated in relation to loss arising from manufacturing process. MADRAS HIGH COURT passed an order on the issue on 24/06/2021 and set aside the impugned order to the above extent. For full order kindly click the below link

Landmark Decision on GST Whether a reversal of Input Tax Credit (ITC) u/s Section 17(5)(h) is contemplated in relation to loss arising from manufacturing process. MADRAS HIGH COURT passed an order on the issue on 24/06/2021 and set aside the…
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17(5)(h), In Favour of Assessee, madras High Court

September 1, 2021

Question: Q.The search in the premises of the assessees is on the basis of warrant issued in the name of B. The AO without applying his mind consciously and mandatorily had not stated in the satisfaction note that the seized documents belong to “other person” i.e; the assessee. The question is that without recording such a satisfaction can AO initiate proceedings against the “other persons i.e; the assessee” u/s 153C of the Act. ITAT Banglore Bench passed the order on Jul 30, 2021 in the case of ARSHAD ISPAT & ANR. vs. DCIT. Section 139, 147, 148, 149, 151, 153C

ARSHAD ISPAT & ANR. vs. DEPUTY COMMISSIONER OF INCOME TAX & ANR. IN THE ITAT BANGALORE BENCH ‘C’ N. V. VASUDEVAN, VP & B. R. BASKARAN, AM. ITA No. 926/Bang/2015, 928 & 929/Bang/2015, 930 & 931/Bang/2015 Jul 30, 2021 Section…
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132, 153C, AY 2008-09, AY 2009-10, AY 2010-11, Bangalore Tribunal, borrowed satisfaction, In Favour of Assessee, incriminating material, Other person, Satisfaction, Satisfaction Note, Search and seizure

August 10, 2021

Q.Is confirming of dis-allowance for Delayed deposit of employees contribution to PF and ESI u/s 36(1)(va) read with Section 2(24)(x) of the IT Act, 1961 despite the assessee contributing/depositing the same before the due date of filing of return of income u/s 139(1) of the Act is justified after amendments in Explanation 5 of the section 43B.

Q.Is confirming of dis-allowance for Delayed deposit of employees contribution to PF and ESI u/s 36(1)(va) read with Section 2(24)(x) of the IT Act, 1961 despite the assessee contributing/depositing the same before the due date of filing of return of…
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36(1)(va), 43B, Articles

Is confirming of dis-allowance for Delayed deposit of employees contribution to PF and ESI u/s 36(1)(va) read with Section 2(24)(x) of the IT Act, 1961 despite the assessee contributing/depositing the same before the due date of filing of return of income u/s 139(1) of the Act is justified after amendmends in Explanation 5 of the section 43B. The ITAT- Kolkata in the case of Harendra Nath Biswas, Kolkata vs Dcit, Cir. 29, Kolkata on 16 July, 2021 ITA No.186/Kol/2021 decided the issue in favour of the assessee.

Income Tax Appellate Tribunal – Kolkata Harendra Nath Biswas, Kolkata vs Dcit, Cir. 29, Kolkata on 16 July, 2021 ITA No.186/Kol/2021 1 IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH: KOLKATA [Before Shri P. M .Jagtap, Vice-President (KZ) and Shri…
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36(1)(va), 43B, AY 2019-20, In Favour of Assessee, Kolkata tribunal