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Litigant Is Not Allowed To Use Process Of Law To Achieve Ulterior Purpose In Under Hand Way By Filing Appeal Belatedly: Indore ITAT

On finding that the assessee has failed to make out a case of reasonable cause much less sufficient cause for an abnormal delay of more than six years in filing the appeal, the Indore ITAT...

Indore , Madhya-pradesh , India , Vijay-pal-rao , Income-tax-act , Judicial-member , Accountant-member , Income-tax , Indore-itat- , Ssessee , Reasonable-cause-

No Addition U/S 69 Is Permitted Without Examining & Finding Fault In Cash Book Produced By Taxpayer: Delhi ITAT

On finding that the CIT(A) has failed to examine the cash book presented by the assessee, the New Delhi ITAT deleted the addition sustained by CIT(A) u/s 69 of the Income Tax Act. The Bench of...

Yogesh-kumar , Salil-aggarwal , Judicial-member , Accountant-member , Delhi-itat- , Ita- , Ash-book- , Ssessee , Addition , S-69-of-the-income-tax-act-search-and-seizure-operation-panchnamaao- , Ompulsory-scrutiny-

Taxpayer Should Acquire Residential House Within Three Years From Date Of Transfer Of Old House, For Claiming Benefit Of Capital Gains U/s 54: Delhi ITAT

Finding that the assessee has not fulfilled either of the conditions mentioned in Section 54 of the Income tax Act, the New Delhi ITAT held that there is no infirmity in the orders of the I-T ...

Dwarka , Gujarat , India , Piyush-aggarwal , Rohit-jain , Peeyush-aggarwal , Yogesh-kumar , Shell , Division-bench , Accountant-member , Judicial-member , Long-term-capital-gain

Genuineness & Veracity Of Party Can't Be Doubted To Make Addition U/s 69 Merely Because Rent Was Received In Cash: Delhi ITAT

While deleting the addition on account of unexplained investment, the New Delhi ITAT clarified that genuineness and veracity of the party cannot be doubted merely because the cold storage rent was...

Amisha-gupta , Challa-nagendra-prasad , Rakesh-jain-group , Judicial-member , Accountant-member , Assessing-officer , New-delhi-itat , Investment , Ssessee , Ection-69-of-the-income-tax-act- , Gst-registration , Cash

I-T Authorities Must Prove Authenticity Of Entries And Its Nexus With Dealer, Before Making Addition U/s 69: New Delhi ITAT

On finding that the person from who's possession seized document is recovered, was not subject to cross examination of assessee and no opportunity of cross examination was given to assessee, the New...

Allahabad , Uttar-pradesh , India , Yogesh-kumar , Allahabad-high-court , Mumar-trading-co , Department-of-revenue , Assessee-company , Revenue-department , Judicial-member , Accountant-member , Mumar-trading

TDS Under S.194-H Income Tax Act Won't Apply To Business Transactions Where Assessee Is Not Responsible For Paying Income : Supreme Court

In a significant development, the Supreme Court recently held that under Section 194-H of the Income Tax Act, 1961, cellular mobile service providers are not liable to deduct tax at source on...

Court-observations , Contract-act , Supreme-court , Ds , Ax-deduction-at-source , Ssessee , Ellular-mobile-service , Ranchisee , Istributor ,

Defect Notice Caused No Prejudice Since Last 30 Years, Assessee Clearly Understood Purport Of Notice: Bombay High Court

The Bombay High Court has held that even assuming that there was a defect in the notice, it had caused no prejudice to the assessee, and the assessee “clearly understood” what the purport and import...

Bombay , Maharashtra , India , Justicegs-kulkarni , Aarti-vissanji , Justice-jitendra-jain , Bombay-high-court , Income-tax-act , Income-tax-appellate-tribunal , Income-tax , For-petitioner

CGST Act | Once Registration Is Cancelled, Uploading Notice On Portal Not Sufficient Notice, Must Be Given At Assesee's Address: Allahabad HC

The Allahabad High Court has held that once the registration of the assesee is cancelled, any notice for proceedings under the Central Goods and Service Tax Act, 2017 shall be served on the address of...

Allahabad , Uttar-pradesh , India , Gauhati , Assam , State-of-kerala , Kerala , Fatehpur , Justice-shekharb-saraf , Rajesh-agarwal , High-court , Service-tax

Income tax return filing: Assessment Year 2024 may see a projected 20% decrease in late-filed ITR, says SBI report

The report says inequality, measured by the Gini coefficient, dipped between FY14 and FY22, and 36.3% of people belonging to the lowest income group in FY14 have since moved up the ladder

India , State-bank , Income-tax-filing , Tr , Ax , Ssessment-year , Inancial-year , Axpayer , Ssessee , Ncome ,