Yearly Archive: 2020

अगर SVA की वैल्यूएशन DVO के वैल्यूएशन से ज्यादा आती है तो कर अधिकारी धारा 50C के प्रावधान के अनुसार कौन सी वैल्यू लेगा?ITAT Mumbai ने 18.11.2016 को Sangeeta Vijay Kumar, Mumbai vs Acit 25(2) को इसका ऑर्डर पास किया है।

अगर SVA की वैल्यूएशन DVO के वैल्यूएशन से ज्यादा आती है तो कर अधिकारी धारा 50C के प्रावधान के अनुसार कौन सी वैल्यू लेगा? ITAT Mumbai ने 18.11.2016 को Sangeeta Vijay Kumar, Mumbai vs Acit 25(2) को इसका ऑर्डर पास…
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50C, 50C(2), 50C(3), AY 2010-11, In Favour of Assessee, ITAT Mumbai

December 18, 2020

Is punitive charges paid to the railways disallowable u/s 37(1) by holding as penalty. Ans is No. Order passed by ITAT KOLKATA on Nov 20, 2020 in the case of RUNGTA MINES PVT. LTD.vs. ACIT.

Is punitive charges paid to the railways disallowable u/s 37(1) by holding as penalty. Ans is No. Order passed by ITAT KOLKATA on Nov 20, 2020 in the case of RUNGTA MINES PVT. LTD.vs. ACIT. Is disallowance under section 14A…
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14A, 14A r.w.r 8D, 37, 37(1), In Favour of Assessee, Kolkata tribunal

December 2, 2020

Is deduction under section 36 (1)(iii) for interest paid allowable when the relevant borrowed capital was given as interest free advance to sister concern for business expediency of the assessee. ITAT Jaipur passed the order on 11th Sept;2020 in the case of Kalya Awas Vikas (P). Ltd. v. ACIT

Is deduction under section 36 (1)(iii) for interest paid allowable when the relevant borrowed capital was given as interest free advance to sister concern for business expediency of the assessee. ITAT Jaipur passed the order on 11th Sept;2020 in the…
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36(1)(iii), In Favour of Assessee, Interest on Borrowed Capital, Jaipur Tribunal

December 2, 2020

क्या होगा जब कोई चैरिटेबल ऑर्गनाइजेशन को 148 का नोटिस इस आधार पर मिलता है कि करदाता धारा 11 और 12 की छूट का अधिकारी 12AA मिलने के पहले के एसेसमेंट ईयर के लिए नहीं है? Nov 26, 2020 को ITAT BANGALORE ने second proviso to sec.12A(2) का हवाला देकर ऑर्डर पास किया है KARNATAKA STATE STUDENTS WELFARE FUND vs ITO.

KARNATAKA STATE STUDENTS WELFARE FUND vs. INCOME TAX OFFICER (EXEMPTIONS) IN THE ITAT BANGALORE BENCH ‘C’ N. V. VASUDEVAN, VP & B. R. BASKARAN, AM. ITA Nos. 1458 to 1462/Bang/2018 Nov 26, 2020 Section 12AA, 147, 12AA, 11, 12 AY…
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11, 12, 12A(2) Second Proviso, 12AA, AY 2009-10, AY 2010-11, AY 2011-12, AY 2012-13, AY 2013-14, Bangalore Tribunal, Exemption, In Favour of Assessee, Second Proviso to section 12A(2)

December 2, 2020

Is the term ‘drug’ also includes ‘bulk drug’ and is entitle for concessional rate of GST? HIGH COURT OF KARNATAKA passed an order on Oct 21, 2020 IN RE, BIOCON LTD.

IN RE, BIOCON LTD. HIGH COURT OF KARNATAKA D. P. NAGENDRA KUMAR (M) AND M.S. SRIKAR (M) Order No. KAR/AAAR/Appeal-06/2020-21 Oct 21, 2020 Sections 98 and 100 of the Central Goods and Services Tax Act 2017 Decision in favour of:…
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100, 98, Central Goods and Services Tax Act 2017, HIGH COURT OF KARNATAKA, In favour of Assessee (Partly)

November 27, 2020

On what ground Bail is granted in the case of alleged evasion of GST? HIGH COURT OF DELHI passed the Order date 14 Nov, 2020 in the czse of SHISH AGGRAWAL vs. CGST.

SHISH AGGRAWAL vs. CGST HIGH COURT OF DELHI HARPREET SINGH, LD SR. SPP, HARSH SETHI AND SARVAPRIYA MAKKAR, LD COUNSEL Application received from the court of Ld ACMM-1/PHC/NDD as Ld. Duty MM on 13.11.2020 Order date 14 Nov, 2020 Section…
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1973, Code of Criminal Procedure, Section 437

November 25, 2020

How to file GST returns without depositing GST?

How to file GST returns without depositing GST? Answer: To know this kindly read the judgement dated 24.7.2020 by Kerala High Court in the case o Pazhodiyum Food Ventures Vs Supritendent Commercial Taxes (Kerala High Court) Pazhodiyum Food Ventures…
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November 21, 2020

Section 69A:क्या होगा जब बुक्स की क्रेडिट एंट्री के बारे में करदाता क्रेडिटवर्थनेस प्रमाणित कर देता है और कर निर्धारण अधिकारी अपनी फाइंडिंग को बिना बताए आय में एडिशन कर देता है? ITAT Delhi ने 10 नवंबर 2020 को VIKASH vs.ITO

VIKASH vs. INCOME TAX OFFICER IN THE ITAT DELHI BENCH ‘G’ SUDHANSHU SRIVASTAVA, JM & DR. B. R. R. KUMAR, AM. ITA No. 869/Del/2017 Nov 10, 2020 Section 69A AY 2011-12 Decision in favour of: Matter remanded Section 69A:क्या होगा…
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69A-Unexplained money, AY 2011-12, Delhi, In Favour of Assessee, In favour of remanded back, Unexplained Money-Sec 69A

November 20, 2020

क्या होगा जब पुन: कर निर्धारण के लिए धारा 148 का नोटिस गलत जगह भेजकर आईटीओ रिअसेसमेंट कर दे। 6 नवंबर 2020 को आईटीआई बेंगलुरु ने DIVYA S RAO vs. आईटीओ

DIVYA S RAO vs. INCOME TAX OFFICER IN THE ITAT BANGALORE BENCH ‘B’ B.R. BASKARAN, AM & BEENA PILLAI, JM. ITA No. 2384 to 2387/BANG/2018 6 Nov, 2020 Section 271[1], 274, 144, 147, 249(4)(b) AY 2008 – 09 Decision in…
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144, 147, 148, 271(1)(b), 271(1)(c), 271A, AY 2008-09, Bangalore Tribunal, In Favour of Assessee, invalid notice

November 17, 2020

ITAT DELHI Nov 6, 2020 held that Section 68 is applicable only when the explanation offered by him is not in the opinion of the Assessing Officer satisfactory in respect of the sum so credited / loan taken. The explanation offered by the assessee that the bank account and the capacity of the creditor who have given the loan amount was proved through ITR details of the said parties along with bank statements and confirmations which clearly shows the proper balance in their respective bank accounts and their capacity to loan the amount to any other party as well. Sum credited in the bank account of directors immediately before the issue of cheque to the appellant is not a ground to hold that sum received is unaccounted income. BMR PLYMERS (P) LTD. vs. ITO

BMR PLYMERS (P) LTD. vs. INCOME TAX OFFICER IN THE ITAT DELHI BENCH ‘A’ S. PANNU, VP & SUCHITRA KAMBLE, JM. ITA No. 5936/DEL/2017 Nov 6, 2020 Section 68, 133(6) AY 2012-13 Decision in favour of: Assessee …
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133(6), 68, AY 2012-13, Cash Credit, Delhi, Delhi Tribunal, In favour of Assessee (Partly)

November 13, 2020