Monthly Archive: May 2022

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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277 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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201 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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290 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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254 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

Supreme Court excludes the period starting from 15-3-2020 till 28-2-2022 from limitation period of all judicial proceedings before the Courts/Tribunals. all persons shall have a limitation period of 90 days from 1-3-2022. In the event the actual balance period of limitation remaining, with effect from 01.03.2022 is greater than 90 days, that longer period shall apply.

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245 total views Kindly click the link limitation period extended by SC

appeal, Cases Income tax, Income Tax, Limitation period, revision, Supreme Court

Specimen application for waiver of penalty under Section 270A and prosecution under section 276C/276CC

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150 total views 270A waiver application

270A waiver application, checklist, client, formalities to be completed, HOW TO