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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

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24 total views 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…
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253(3), 253(3) proviso, AY 1992-93, In favour of Revenue, ITAT Agra

August 10, 2022

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.

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35 total views 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…
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119(2B), 80AC, 80IB(7)

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.

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52 total views 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…
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ITAT DELHI “SMC” BENCH Pronouncement the order on 27.5.2022 in the case of Bharat Bhushan Jain Vs. ITO.

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84 total views Question: Whether section 50C applies on sale of lease hold property? Answer: No. As section 50C applies only to a capital asst, being land or building or both, it cannot be made applicable to lease rights in a…
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50C, 69, 69A-Unexplained money, AY 2016-17, Decisions, Delhi, Delhi Tribunal, In Favour of Assessee

हाई कोर्ट ऑफ मद्रास ने 2 अगस्त 2017 को फैसला देते हुए कहा कि अगर कोई एग्रीकल्चर लैंड धारा 2(1A) के अनुसार एग्रीकल्चर लैंड है यदि आयकर दाता ने उसकी एजुकेशन इनकम नहीं बताई है लेकिन उसपर खेती के प्रूफ मौजूद है तो उस पर आयकर नहीं लगेगा कारण की धारा 2(14) में कैपिटल एसेट में एग्रीकल्चर लैंड नहीं आती

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259 total views हाई कोर्ट ऑफ मद्रास ने 2 अगस्त 2017 को फैसला देते हुए कहा कि अगर कोई एग्रीकल्चर लैंड धारा 2(1A) के अनुसार एग्रीकल्चर लैंड है यदि आयकर दाता ने उसकी एजुकेशन इनकम नहीं बताई है लेकिन उसपर खेती…
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Cases Income tax

Question: Is assessee deemed in default when not filed stay application but filed the evidence of appeal filed and in this circumstances can recovery action as per sections 222, 223 of the Income Tax Act be initiated by the Tax Recovery Officer?

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102 total views Question: Is assessee deemed in default when not filed stay application but filed the evidence of appeal filed and in this circumstances can recovery action as per sections 222, 223 of the Income Tax Act be initiated by the…
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222, 223, Article 226 of the Constitution of India, AY 2017-18, High Court, In favour of Assessee (Partly), RAJASTHAN HIGH COURT

Q Can credit of TDS be denied on the ground that income corresponding to the TDS claim made by the assessee is not offered in the in the corresponding year rather offered to tax in earlier years? IN THE ITAT, DELHI BENCH in the case of KEMA India (P) Ltd. v. ITO ITA No. 1616/DEL/2020 on dated 31 March, 2022 Answer: The assessee is entitled to get its credit by way of refund, in spite of not offering any income for tax, arising from profit and loss account, in present assessment year.

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112 total views Q Can credit of TDS be denied on the ground that income corresponding to the TDS claim made by the assessee is not offered in the in the corresponding year rather offered to tax in earlier years? IN…
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199. Rule 37BA, AY 2015-16, Decisions, Delhi, Delhi Tribunal, In Favour of Assessee, ITAT Delhi

Question: Consequences of Penalty-Concealment-Non-striking off of the irrelevant part while issuing notice u/s 271(1)(c). ITAT – Delhi in the case of Malook Nagar, New Delhi vs Acit Central Circle-15, New Delhi on 13 May, 2022

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102 total views Question: Consequences of Penalty-Concealment-Non-striking off of the irrelevant part while issuing notice u/s 271(1)(c). ITAT – Delhi in the case of Malook Nagar, New Delhi vs Acit Central Circle-15, New Delhi on 13 May, 2022 Answer:…
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271(1)(c), AY 2008-09, AY 2009-10, AY 2010-11, AY 2011-12, Cases Income tax, Decisions, Delhi, Delhi Tribunal, In Favour of Assessee, Income Tax

Question : Is Penalty under Section 271E is permissible in the absence of regular assessment framed against the assessee by the Revenue? ITAT – Ahmedabad in the case of Vijayaben G Zalavadia, … vs The Jt. Cit, Gandhinagar on 11 May, 2022. Answer: Penalty Quashed.

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162 total views Question : Is Penalty under Section 271E is permissible in the absence of regular assessment framed against the assessee by the Revenue? ITAT – Ahmedabad in the case of Vijayaben G Zalavadia, … vs The Jt. Cit, Gandhinagar on 11…
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271E, Ahmedabad Tribunal, AY 2010-11, AY 2011-12, AY 2012-13, AY 2013-14, AY 2014-15, AY 2015-16, AY 2016-17, In Favour of Assessee

Q Validity of 148 notice when the assessment for the same assessment year has not concluded yet? IN THE DELHI HIGH COURT DCM Shriram Ltd. v. Asstt. CIT, W.P.(C) 6627/2022 & CM APPL.20136/2022 on dated 10 May, 2022

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150 total views Q Validity of 148 notice when the assessment for the same assessment year has not concluded yet? IN THE DELHI HIGH COURT DCM Shriram Ltd. v. Asstt. CIT, W.P.(C) 6627/2022 & CM APPL.20136/2022 on dated 10 May, 2022…
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148, AY 2018-19, Delhi High Court, In Favour of Assessee