Income tax case laws section wise. 6168/Del/2016 & CO No.

Income tax case laws section wise The Tribunal clarified that when income is estimated through best judgment assessment, such estimate substitutes the business income computation under sections 30-43D as prescribed by The Income Tax Act, 1961 (43 of 1961) [13th September, 1961] An Act to consolidate and amend the law relating to income-tax [and super-tax] [The Income-tax Act, 1961 applies to the State of Sikkim with effect from the previous year relevant to the assessment year commencing on the 1st day of April, 1990. 1978 for nine months. PANDA, ACCOUNTANT MEMBER ITA. The Tribunal determined that the tenancy right was acquired in 1954 through payment of a non-refundable security deposit of Rs. 44AA. Minto Road, New Delhi TAX BULLETIN JANUARY, 2020 VOLUME - 56 - THE INSTITUTE OF COST ACCOUNTANTS OF INDIA 8 CASE LAWS ON SECTION – 54F OF THE INCOME TAX ACT, 1961 CA Saurabh Tibrewal . 10,000 under the provisions of Section 40A(3) & Section 43(1) of Income Tax Act, 1961. (Hons. 370142/6/2025-TPL - By the powers conferred by section 295 read with sub-section (2) of section 92CB of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962. CPIO, Department of Income Tax, New Delhi – The assessment proceedings had been completed. CIT vs. income tax act, 1961 (as amended by the finance act, 2024) the indian income-tax act, 1922 ; the voluntary deposits (immunities and exemptions) act, 1991 ; the preference shares regulation of dividends act, 1960 ; the interest-tax act, 1974 ; the expenditure tax act, 1987 ; the wealth-tax act, 1957 ; the gift-tax act, 1958 Aug 16, 2022 · This article is written by Monesh Mehndiratta, a law student at Graphic Era Hill University, Dehradun. 43CB. Section 143 of the Income-tax Act, 1961 – Assessment – Additions to income The Income Tax Department NEVER asks for your PIN numbers, Section Wise: Chapter Wise: Income Tax Department > Tax Laws & Rules > Acts > Income-tax Act, tax years in question: Section 111: Unexplained income or assets Section 122: Amendment of assessments (1) Where — … (d) any person has concealed income or furnished inaccurate particulars of income including — (i) the suppression of any production, sales or any amount chargeable to tax; or (ii) the suppression of any item TAXMAN is a weekly Journal delivered at your doorstep every week. org) CA SOUMYA RANJAN PANDA The document contains abstract of 142 recent Judgments of various Judicial Authorities on matters of Income Tax. The article is an attempt to understand the issue,place Section 111 and Section 111D Income Tax Act 1967, Section 11 Civil Law Act 1956. 6168/Del/2016 & CO No. May 1, 2023 · Charge of income tax. 154 without opportunity to assessee and computed tax at normal rate instead of s. 2019. Sivagnanam Bench: T. Instructions to subordinate authorities: 120 to 123. B. com 184 (Mumbai – Trib. Case Laws under section 144 of Income Tax Act, 1961 pronounced by Supreme Court, High Court & ITAT with powerful filters. 819 effective sections). ) – Incorporating Section-wise Income-tax Case Law Digest (from Supreme Court, HCs, ITAT), Circulars & Notifications and Words & Phrases book online at best prices in India on Amazon. 2 Crores, whereas in the present case the tax past accumulations under section 11(1)(a) i. This judgment will solve the biggest income tax litigation if CBDT comes out with clear circular stating steps to be followed by Assessing Officers. 21/2025 F. This book is a comprehensive publication providing a detailed analysis of the amendments to the Income-tax Act by the Finance (No. R KUMAR, ACCOUNTANT MEMBER ITA. I. The Income Tax Department appeals to taxpayers NOT to respond to such e-mails and NOT to share information relating to their credit card, bank and other financial accounts. Various fora have,on facts of their case and their reading of law have given varying judgments . , when the Section 148 notice was issued). All Acts & Rules; Chapter V - Finance Act, 1994; All Rules; Service Tax Rules, 1994; Valuation Rules Jun 24, 2019 · ‘See More’ about this Case which helps you to identify the: ‘Cases referred to’ i. 2023. 34,35,700/- in thename of his wife. All Acts & Rules; Chapter V - Finance Act, 1994; All Rules; Service Tax Rules, 1994; Valuation Rules Deemed Dividend : All Case Laws on Section 2(22)(e) of Income Tax Act, 1961 decided by Supreme Court, High Courts & ITATs with powerful filters & Charts. 545/Chd/2010 Assessment Year: 2006-07 The AC IT, Vs. upto 15%, the same would not be liable to be included in the total income as assessed by the Assessing Officer. Income Tax Case Laws - Section Wise containing decisions of Supreme Court High Court Tribaul CESTAT CEGAT AAR Advance Ruling Authority etc. The said analysis is done with the support of various judgments at various forums on the said aspect. As we are aware, section 54 of the Income Tax Act, 1961 provides exemption to the assessee from long term capital gains accruing to the assessee on account of transfer of a capital asset which is a residential house property subject to conditions prescribed therein. All Acts & Rules; Chapter V - Finance Act, 1994; All Rules; Service Tax Rules, 1994; Valuation Rules Calcutta High Court Principal Commissioner Of Income Tax vs Swati Bajaj on 14 June, 2022 Author: T. org. This case involved the transfer pricing adjustment made by the Transfer Pricing Section 1 - Short Title, Extent and Commencement - Section - Extension of Income Tax Act, 1961 to Continental Shelf of India and the Exclusive Economic Zone of India CMV01009900 Section 1 - Short Title, Extent and Commencement - Section - Commencement of the 1961 Act Income Tax Case Laws. ) – Incorporating Section-wise Income-tax Case Law Digest (from Supreme Service Tax. P. the status of an SLP, if any. All cases of Supreme Court, High Courts & Tribunals in India updated almost daily. CIT(A) Page 5 Para 5. The issue of best judgment assessment framed under section 121(1) (d) of the Income Tax Ordinance, 2001 being unlawful in the presence of May 31, 2022 · The contest between rule of consistency or stare decisis vs the traditionally accepted principle that res judicata does not apply to income tax proceedings has been a dispute of long standing. This Journal is a subscription-based product that comes in 6 Volumes/52 parts during the year. 268A : Appeal-Instructions-Circulars-Monetary limits-Revision-Penalty- Concealment penalty-Monetary limit is also applicable to proceedings under section 263 of the Act-The CIT u/s. Income Tax Act | Pocket Edition Author: Taxmann ISBN: 9789356226982 Edition : 29th Edition Pages: 1204 Binding : Paperback Price : Rs. K. 05. 2024-25 and subsequent Years. 4. Jan 22, 2025 · Get Latest News, Breaking News about Income Tax Act. Jan 22, 2024 · The appellant submitted that the notice and assessment order were valid as the assessee had participated in the proceedings and that the payment of royalty was taxable in India as fees for technical services under Section 9(1)(vii) of the Income Tax Act, 1961. TOLA will continue to apply to the Income Tax Act after 01 April, 2021, if any action or proceeding specified under the substituted provisions of the Income Tax Act falls for completion between 20-03-2020 and 31-03-2021. concerned was an N. List of sections or provisions We would like to show you a description here but the site won’t allow us. AHMEDABAD TRIBUNAL, Mar 26, 2025 1. However, significant procedural changes were introduced by the Finance Act, 2021 , effective from April 1, 2021, replacing the old reassessment Mar 9, 2023 · Income tax sections list in PDF 2023-24: Download the list of all sections i. ). 263, finding the AO's assessment order erroneous and prejudicial to revenue interests. 26. The ITAT ruled that once a resolution plan is approved by the Adjudicating Authority under IBC Section 31(1), it binds all stakeholders including government authorities. 03. Section 69D, 271D, 147, 151 Income Tax Offices across India will remain operational on March 29, 30, and 31, 2025, even though these days are holidays. Income Tax Case Laws Section Wise containing decisions of Supreme Court, High Court, Tribaul, CESTAT, CEGAT, AAR, Advance Ruling Authority etc. Along with it you will get a Free Income Tax Cd containing Case Laws section wise as well as subject wise. 2022 DELIVERED ON: 14. Transfer Sep 6, 2024 · In this article we have discussed Income Tax deduction available to Taxpayers from various sources of Income for A. 9/Del/2017 Sunil Nayyar not open it is clear that the addition under section 111 of the Income Tax Ordinance, 2001, can be made, only if an opportunity is provided to the taxpayer through specific Notice, whereby, the taxpayer is confronted with any of the aforesaid eventuality as visualized under section 111 of the Income Tax Ordinance, Apr 13, 2023 · [For amendments by Finance Act, 2023 to section 44AD w. itatonline. Like any other good digest of case laws, the reader can reach to the desired case law by referring to any of the indexes on Case Laws, Section, Subject and Chapter. , ‘See More’ about this case which helps you to identify the: Cases referred to i. Sivagnanam ITAT NO. in - Buy Taxmann's Yearly Tax Digest & Referencer (Set of 2 Vols. Income-tax Law/Section Topic Case Law Citation/Ref. No. Sub-section, clause or sub-clause must be fed, if necessary with the section. It has been published by Rachit Garg. Income Tax Appellate Tribunal - Delhi Jatinder Machanda, New Delhi vs Department Of Income Tax IN THE INCOME TAX APPELLATE TRIBUNAL (DELHI BENCH 'D' : NEW DELHI) SHRI U. Y. U. Assessment Unit, Income-tax Department: If less than 24 hours is given to respond to a show cause notice under section 271(1)(c), it violates the right to a fair hearing, and the penalty order should be set aside. This Journal is Made for Professionals, by the Professionals, with a Focus on Analysis, to understand the impact of the latest Statutory & Judicial Changes in the Income-tax Act. 02. The assessee was employed in Hong Kong from 24th Oct. 1 day ago · Case Laws Income Tax HC The HC held that the period of limitation for reopening assessments under Section 153C read with Section 153A must be calculated from the end of the assessment year relevant to the financial year in which the reopening action was initiated (i. It also includes Circulars & Notifications issued by the Dept. The provision in section 139(9), however, overrides other provisions of the income-tax Act (including section 292B) in this regard and in a case where any of the specified defect is not removed within the time allowed, the return shall be treated as an invalid return and the provisions of the Income-tax Act apply as if of Section 142 of Income Tax Act, 1961, which was passed by the both houses of the Parliament of India on 24. 2 CASE SNIPPETS COMPANY LAW 1. Dec 20, 2024 · Case Laws Income Tax AT Assessee exercised option u/s 115BAA to compute tax liability at lower rate. com SkypeId: taxmannindia Income Tax Appellate Tribunal - Chandigarh Dilloo Ram & Sons,, Mandi vs Assessee 1 IN THE INCOME TAX APPELLATE TRIBUNAL CHANDIGARH BENCHES 'B' CHANDIGARH BEFORE SHRI N. Appointment of income-tax authorities: 118. e. Change of Dec 29, 2022 · Accordingly, after 01 April, 2021, the Income Tax Act has to be read along with the substituted provisions. Mar 10, 2023 · Here are a few landmark judgments by the Supreme Court of India in favor of Assessees in Income Tax cases 1. In a case where the application for registration of a charitable trust is not disposed of within the period of 6 months as required under section 12AA(2), can the trust be deemed to have S. ACIT [2022] 144 taxmann. Income Tax Ordinance, 2001. LTD. ) – Incorporating Section-wise Income-tax Case Law Digest (from Supreme Court, HCs, ITAT) | Circulars & Notifications | Words & Phrases book online at best prices in India on Amazon. Jurisdiction of income-tax authorities: 124 to 126. The article explains Section 270A of Income Tax Act, its applicability, and other provisions related to it. /2011 (Assessment Year : 2006-07) ACIT, Circle 27 (1), vs. , the Cases in which the given Case is referred to ‘Cases on this section’ i. The HC quashed the reopening of assessment under section 147, finding that the tax authorities recorded reasons without examining the assessee's records or addressing objections. Most Importantly, section wise arrangement of the cases would give the readers a comfort to search and refer any cases. Read Taxmann's Yearly Tax Digest & Referencer (Set of 2 Vols. 3 days ago · Case Laws Income Tax HC The HC set aside the Revenue's adjustment of refunds due to the petitioner for AY 2020-21 against outstanding demands for AYs 2016-17, 2017-18, and 2018-19. Pankaj Kumar Mishra The Principal Commissioner of Income Tax-15, Mumbai complaint cases filed under Section 138 3 days ago · Approved Resolution Plan Under IBC Section 31(1) Assigns NIL Value to Tax Dues, Binding on Income Tax Department March 27, 2025 Case Laws Income Tax AT. ) – Incorporating Section-wise Income-tax Case Law Digest (from Supreme Oct 29, 2024 · The Hon’ble Supreme Court in the case UNION OF INDIA & ORS. 2024, in which monetary limits for filing Income Tax Appeals by the department before the High Court has been enhanced to Rs. C. 07. 31 crore potentially covered under ss. All Acts & Rules; Chapter V - Finance Act, 1994; All Rules; Service Tax Rules, 1994; Valuation Rules Feb 27, 2021 · Nevertheless, even if a deemed presumption is casted on an assessee by virtue of Section 132(4A) of the act read with Section 292C, the taxability shall arise only on passage of assessment orders ( Section 153A and 153C in search cases/proposed u/s 148 by virtue of Finance Bill 2021) and under relevant charging sections (such as Section 68, 69 Mar 13, 2023 · Relevant Case Laws: i. The Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail. Income-tax authorities: 117. In this material, we would be introducing the students to the Income-tax law in India. A. Revision proceedings against company dissolved - Resolution Plan provided for the waiver and extinguishment of all the unassessed/assessed tax liabilities for the period prior to the NCLT approval date - HELD THAT:- As relying on case laws Essar 2019 (11) TMI 731 - SUPREME COURT]and Edelweiss [2021 (4) TMI 613 - SUPREME COURT] it is clear that on the complete extinguishment of all tax 4 days ago · Notification No. Income tax record: Income tax record could be looked into for the purposes of conducting investigations and if any difference was detected by the detecting agency then it should be substantiated with solid and convincing material evidences as records relating to income tax could not Read More 2022 PTD 207: View: Sindh High Court: 2022. 2024 passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, [hereinafter referred to as “CIT(A)”] for the Assessment Year (AY) 2020–21, whereby the Ld CIC Decision dated 25. The deduction of tax under Section 192 of the Income Tax Act, 1961 was a material fact, but is not conclusive. You can study case laws of Supreme Court, High Courts, Appellate Tribunal and FTO by entering Section number of Income Tax Act, 1922. Challenge to ex-parte demand order and SCN - Time limitation - HELD THAT:- This subject matter is covered by the judgment and order in M/s Anita Traders Lko. 4 days ago · Income Tax Case Laws. ) student from the Department of Law, Calcutta University. II. Insurance business. section 1 to section 298 of the Income Tax Act, 1961 as amended by the relevant Finance Act 2022 in PDF format. Trust it helps Pavan (Student) (41 Points) Section wise and Chapter wise GST Case Laws Sitemap GST Notifications, Circulars, Releases etc. Control of income-tax authorities: 119. V. The CBDT has issued this directive under Section 119 of the Income-tax Act, 1961, to ensure pending work is completed before the financial year ends. All Acts & Rules; Chapter V - Finance Act, 1994; All Rules; Service Tax Rules, 1994; Valuation Rules Case Law Digest ''Judgments on Income Tax'' A Section-Wise Case Law Digest on the Income Tax Ordinance, 2001 Muhammad Wali Khan (Advocate High Court) PKR: 7,500. Amazon. after more than six year income tax issued notice assuming difference amount as income from other source and ordered to pay income tax with interest and penalty. com SkypeId: taxmannindia Oct 7, 2022 · Income Tax Case Laws. 06. Section Wise; Subject Wise; Court Wise; GST CASE LAW COMPENDIUM – JANUARY 2024 EDITION Income Tax, Ahmedabad, Gujarat India 380009 Income Tax Appellate Tribunal - Delhi Atish Singla, New Delhi vs Ito, Ward-43(7), New Delhi on 6 April, 2022 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCHES "SMC" : DELHI BEFORE SHRI R. Ratti vs Commissioner of Income Tax (Punjab-Haryana High Court), Equivalent citations: (2007) 212 CTR P H 552, 2008 299 ITR 295 P H, 14/11/2006. Deductions include deduction Against Salaries, Against ‘income from house properties‘, Against ‘profits and gains of business or profession‘ Against ‘capital gains‘ and Against ‘income from other sources’. All Acts & Rules; Chapter V - Finance Act, 1994; All Rules; Service Tax Rules, 1994; Valuation Rules Sep 5, 2024 · 2023 – Digest of case laws on direct taxes . Sep 18, 2023 · Income Tax Case Laws. ) May 9, 2022 · 4. Special provision for deduction in the case of trade, professional or similar association. It aims to simplify and streamline tax laws, making them easier to understand and comply w Income Tax Case Laws (Source :www. ( ITR 450 to 459, Taxman 290 to 295, CTR 330 to 335, ITD 198 to 203, ITR(Trib) 101 to 108 , TTJ 221 to 226 , BCAJ, The Chamber’s Journal . After a detailed deliberation, we wish to conclude with our views on the said concept. Conclusion: – 1. com from various courts such as the Supreme Court, High Courts, and the Income-tax Appellate Tribunal for the calendar year. Section 4: Charge of income-tax Section 5: Scope of total income Section 5A: Apportionment of income between spouses governed by Portuguese Civil Code Section 6: Residence in India Section 7: Income deemed to be received Section 8: Dividend income Section 9: Income deemed to accrue or arise in India May 18, 2022 · Address 59/32, New Rohtak Road, New Delhi – 110005 Phone : 011-45562222 Fax : 011-45577111 Email : sales@taxmann. May 18, 2022 · Address 59/32, New Rohtak Road, New Delhi – 110005 Phone : 011-45562222 Fax : 011-45577111 Email : sales@taxmann. Feb 11, 2022 · Check out Taxmann's Yearly Tax Digest & Referencer | Set of 2 Volumes A Section-wise Case Book of Judgements of Supreme Court/High Courts/Income-tax Appellate Tribunal reported in 2021. The Court held that the adjustment was unsustainable as the Revenue failed to issue prior notice under Section 245 of the Act, which is mandatory. From the perusal of record, it is evident that the taxpayer had filed a valid return of total income which was deemed to be assessed u/s 120(1) of the Income Tax Ordinance 2001. Section 145, read with section 37(1), of the Income-tax Act, 1961 – Method of accounting – Rejection of accounts IV. 4. BEDI, JUDICIAL MEMBER and BEFORE SHRI B. com SkypeId: taxmannindia Chaturvedi & Pithisaria's Income Tax Law, being one of the few classic series in Indian legal system and particularly the most asked for Title in the sphere of Indian Income-tax regime, has been serving the Indian legal fraternity, since more than last 5 decades, as one of the most authoritative and comprehensive commentary on the subject sub-section (1) of section 142, the Assessing Officer or the prescribed income-tax authority, as the case may be, if, considers it necessary or expedient to ensure that the assessee has not understated the income or has not computed excessive loss or has not under-paid the tax in any manner, shall serve on the assessee a notice requiring him, on a Deciphering Legal Judgments: A Comprehensive Analysis of Case Law. Deciphering Legal Judgments: A Comprehensive Analysis of Case Law. 2020 Mr. Income Tax or Real Property Gains Tax. /2021 Assessment Year 2017-2018 Mr. 1783/Del. BARATHVAJA SANKAR, VICE PRESIDENT AND MS SUSHMA CHOWLA, JUDICIAL MEMBER ITA No. Power to transfer cases: 129 and 130. Special provision in case of income of public financial institutions, public companies, etc. BATCH IN THE HIGH COURT OF JUDICATURE AT CALCUTTA SPECIAL JURISDICTION (INCOME TAX) ORIGINAL SIDE RESERVED ON: 12. 263 of the Income-tax Act directed the AO to initiate a penalty for concealment, which was not originally initiated in the assessment order-Tribunal set aside the order of the Commissioner-On Search Income Tax, Direct Tax, Case Laws, Judgment, Acts, Rules, Articles, Queries, Forms, IT Returns, Section, Statutes , Circular, Press Release, Notifications The Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail. 44A. Shri Jatinder Manchanda, New Delhi. All Acts & Rules; Chapter V - Finance Act, 1994; All Rules; Service Tax Rules, 1994; Valuation Rules As per Section 10(29C) "Maximum Marginal Rate" means the rate of income-tax (including surcharge on income-tax, if any) applicable in relation to the highest slab of income in the case of an individual , association of persons or, as the case may be, body of individuals as specified in the Finance Act of the relevant year. Section 4(1) of the Income Tax Act, 1961 (‘Act’ for short) provides that where any Central Act enacts that income-tax shall be charged for any assessment year at any rate or rates, income-tax at that rate or those rates shall be charged for that year in accordance with, and subject to the provisions (including provisions for the levy of additional income-tax) of, this 1 day ago · Reopening Assessment Under Section 147 Quashed: Tax Authorities Failed to Examine Records Before Recording Reasons March 29, 2025 Case Laws Income Tax HC. Introduction With urbanisation and industrialisation, there has been a tremendous increase in the salaries and […] Income Tax Case Laws. f. 2) Act, 2024. Mar 31, 2023 · Income Tax Acts,Income Tax Rules,Income Tax Circulars,Income Tax Notifications,Income Tax Budgets,Income Tax Bills and Direct Taxes Code,Income Tax FAQ - income tax,Income Tax Press release,Income Tax international taxation,Income Tax Case Laws,GST ACTSGST Rules,GST Circulars,GST orders,GST Notifications,GST Ordinance,GST Case laws,GST advance ruling,income tax act 1961,cbic,cbdt,gst,income tax Yearly Tax Digest – 'YTD' is a comprehensive annual publication from Taxmann's Editorial Board that offers a detailed section-wise digest of case laws reported on taxmann. Jurisdiction of Assessing Officers: 127 and 128. Income Tax Case Laws; Supreme Court; High Court; Advance Ruling Authority AAR; Tribunal - ITAT; Case Laws - Section Wise; Landmark Cases; Case Laws - Section Wise ; Chapter V - Finance Act, 1994; Service Tax - Acts & Rules. To reduce unnecessary litigation Income Tax Department can get rid of unfit cases which are not at all fit case for proceeding u/s 148 by passing speaking order u/s 148A(d). Stay connected to all updated on Income Tax Act Income Tax Offices across India will remain operational on March 29, 30, and 31, 2025, even though these days are holidays. 2023 and got assent of the honourable President of India on 31. 43D. CPC accepted option for AY 2020-21 but for current year, rectified under s. Reported as: 2023 (4) TMI 1056 - Supreme Court. Case Law. The issue of jurisdiction and change in jurisdiction under Section 127 of the Income Tax Act, 1961, is a pivotal aspect of tax administration and litigation. 2025-26 / F. Computation of income from construction and service contracts. Subject Wise Menu Toggle. 4060/Del. 1,080, which represented the cost of acquisition under section 55(2)(a Mar 17, 2021 · IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCHES "C" : DELHI BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER AND SHRI B. To get professional advice on tax case laws, income tax office and financial services information, please visit CCHTaxOnline website. Starting from the year 1961, CBDT has omitted various sections by the relevant Direct Tax Laws (Amendment) Acts. 263 : Commissioner-Revision of orders prejudicial to revenue-Cash credits-Sale of property-Showing company as seller-26AS showing tax deducted at source-Sub-Registrar’s Letter stating no sale transaction is specified-Incorrect income calculation rectifiable-Revision order is quashed. The Tribunal confirmed the AO failed to conduct proper inquiry regarding TDS compliance on expenses exceeding Rs. S. 115BAA rate. 1185/Del. It is divided into four key sections—detailed commentary on the latest amendments, practical guidance for tax practitioners, a digest of circulars and notifications, and summaries of landmark judicial rulings. 30. Reported as: 2023 (11) TMI 822 - ITAT MUMBAI. Traditionally, these proceedings were governed by Section 148 . , the cases in which the given case is referred to Maintainability of appeal before High Court on low tax effect -appellant would submit that the Government of India, Ministry of Finance has issued a new circular dated 17. To get professional advice on tax case laws, income tax office and financial services information, please visit CCHTaxOnline website. Income Tax Library 2025. S. 3 days ago · Case Laws Income Tax AT The ITAT held that the appellant's surrender of tenancy rights constituted a transfer of capital asset under section 2(47). (i) is answered in Commissioner may [conduct audit of the income tax affairs of a person] under section 177 and all the provisions of that section shall apply accordingly. v. [ Tilak Bazar, Delhi - 006. A. , the other Cases referred to in the given Case ‘Forward case references’ i. Taxmann is the most reliable online Jul 14, 2022 · Income Tax Case Laws. All Acts & Rules; Chapter V - Finance Act, 1994; All Rules; Service Tax Rules, 1994; Valuation Rules In this piece of write-up, we aim to analyse the concept of ‘deemed dividend’, under the income tax laws right from the Income Tax Act, 1922 to current provisions. in. VERSUS RAJEEV BANSAL - 2024 (10) TMI 264 - SUPREME COURT (LB) set aside the judgments of the various High Courts which held that the reassessment notices issued under Section 148 of the new regime under the Income Tax Act, 1961, which is in pursuance of the deemed notices, ought to be issued within the time limit surviving under the Jan 13, 2025 · Income-Tax Act, 1961: Section 153: Inox Wind Ltd. ] (2) A return of income shall be taken to be complete if it is in accordance with the provisions of sub-section (2) of section 114. This article mainly focuses on the concepts of, i) Cash payments made for revenue expenditures, which are covered within the provisions of Sec. along with Words & Phrases taken from the reported case laws. […] Oct 16, 2007 · Hi Please purchase Taxmann Income Tax Act 2007. Research team has digested section wise cases reported in the year 2023 in various reports , journals and itatonline . LL. Thru Proprietor Aneeta Sharma vs. 194C, 194J, and 192, and did not examine section 153C of the Act, where the TO of the searched person and other person is the same March 11, 2020 In brief Recently,1 the Supreme Court held that when the tax officer (TO) of a searched person is different from the TO of other person referred under section 153C of the Income-tax Act, 1961 (the Act) there shall be Aug 11, 2015 · Income Tax Case Laws. 3535 of 2011 Tag Line will be added soon; 20 Sep 14 0 Direct Tax Case Email _ 185-2014 Mr Adnan Mahmood ITA 382 of 2012 Tag Line will be added soon Know more about Direct Tax case laws here. Sripal Reddy (2013) In this case, the court held that a genuine transaction cannot be disregarded on the ground of mere suspicion. 40A(3) and May 18, 2022 · Address 59/32, New Rohtak Road, New Delhi – 110005 Phone : 011-45562222 Fax : 011-45577111 Email : sales@taxmann. About Section 54F: Section 54Fof the Income Tax Act allows one to claim exemption from tax on long-term Jul 26, 2023 · Income Tax Case Laws. Abstract: This article aims to provide a comprehensive legal commentary on the interpretation and application of Section 153A of the Income Tax Act, 1961, particularly in the context of completed/unabated assessments and the requirement for incriminating material. Jan 25, 2024 · The Council has recommended providing an amnesty scheme through a special procedure under section 148 of the CGST Act, 2017 for taxable persons, who could not file an appeal under section 107 of the said Act, against the demand order under section 73 or 74 of the CGST Act, 2017 passed on or before the 31st day of March 2023, or whose appeal against the said order was rejected solely on the You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. [Income Tax, Tax Evasion Petition, Action Taken] Chaturvedi & Pithisaria's Income Tax Law, being one of the few classic series in Indian legal system and particularly the most asked for Title in the sphere of Indian Income-tax regime, has been serving the Indian legal fraternity, since more than last 5 decades, as one of the most authoritative and comprehensive commentary on the subject Jun 25, 2020 · Income Tax Case Laws. It includes all Case Laws, Circulars, and Notifications for 2023, alongside judicially defined Income Tax | Case Laws. The income-tax law in India consists of the following components ± The various instruments of law containing the law relating to income-tax are explained below: Income-tax Act, 1961 The levy of income-tax in India is governed by the Income-tax Act, 1961. com SkypeId: taxmannindia Bombay High Court: S. Jan 17, 2023 · Amazon. Click Here: Income-Tax Act, 1961: Section 271(1)(c) Bhavna Modi v. 2022 CORAM: THE HON'BLE MR. Jan 11, 2013 · interpretation of Section 54F of the Income Tax Act 1961, the Tribunal was right in law in allowing the deduction of Rsdeduction under Section 54F on the ground that the sale proceeds were invested in the acquisition of a vacant plot for Rs. 2016 on Appeal filed by Mr. Case Report >> Judicial Review. Hence the Commission decided that the CPIO should disclose the broad outcome of the TEP (Tax Evasion Petition) to the appellant. , the other Cases delivered on the same Section to which the given Case relates to Finding of Ld. ), it was held that in view of Task Force Report [See Report of the Task Group for Diamond Sector to make India an “International Trading Hub For Rough Diamonds”, February 2013, published by the Union the Ministry of Commerce and Industry], Net 1 day ago · Case Laws Income Tax AT The ITAT upheld the PCIT's revision under s. 9. Jul 23, 2022 · Implication of Cash Cash payments exceeding Rs. Its utility is fortified with the robust case laws and subject indexes prepared with a high degree of precision. Amitbhai Gunvantbhai [1981] 129 ITR 573 (Gut. Vikas Sethi, New Delhi Vs. This article provides an exhaustive overview of the exemptions available under Section 10 of the Income Tax Act, 1961 with relevant case laws and illustrations from an analytical viewpoint. com SkypeId: taxmannindia DEPUTY COMMISSIONER OF INCOME TAX VS SUKHAM PROPERTIES PVT. 2 Proviso after sub clause (c) to section 56(2)(vii)(b) reads as, "Provided that where the stamp duty value of immovable property as referred to in sub-clause (b) is disputed by the assessee on grounds mentioned in sub-section (2) of section 50C, the Assessing Officer may refer the valuation of such property Section 67 of the Income Tax Ordinance, 2001 (Ordinance, 2001) read with Rule 13 of the Income Tax Rules, 2002 is not required when taxpayer has maintained separate accounts regarding income under normal tax regime (NTR) and final tax regime (FTR). 1961 IND -- Indian Income Tax Act 1961 INCOME TAX –CASE LAWS (Integration) ‘See More’ Feature Every case law comes with a unique tool i. 995 This book covers the amended, updated & annotated text of the Income-tax Act, 1961 & relevant text of the Finance Act, 2023, in a Jul 23, 2023 · can you send 2 cases verdict where government circle rate and purchase rate was different . R. All Acts & Rules; Chapter V - Finance Act, 1994; All Rules; Service Tax Rules, 1994; Valuation Rules Dec 14, 2024 · The reassessment process under the Income Tax Act allows tax authorities to reopen past assessments if income has escaped assessment. The section wise digest and master guide make it a whole code from an amateur to a leading lawyer. No. Further to avoid 1922 Act -- Income Tax Act, 1922. Jul 23, 2020 · There is no amendment in Section 36(1)(va) of the Income Tax Act and considering section 36(1)(va) of the Income Tax Act as it stands, with respect to any sum received by the assessee from any of his employees to which the provisions of clause (x) of sub-section (24) of section 2 applies, assessee shall not be entitled to deduction of such Income Tax Case Laws. Section 80-IA of the Income-tax Act, 1961 – Deductions – Profits and gains from infrastructure undertaking III. till 2019and in certain cases. 44. purchase rate was 19 lac less than circle rate . Income Tax Case Laws. Mar 15, 2022 · Introduction. 00 PKR: 6750 Income Tax Case Laws. and another [2025 (2) TMI 466 - ALLAHABAD HIGH COURT] where it was held that 'As would be apparent from a reading of the said order, the due date for filing annual return in the case of Aug 17, 2012 · 23 Sep 14 0 Direct Tax Case Email _ 187-2014 Ms Toyota Walton Motors ITA 463 lb 2013 Tag Line will be added soon; 22 Sep 14 0 Direct Tax Case Email _ 186-2014 Saifullah Khan W. View; Supreme Court of Pakistan: 2024: COMMISSIONER INLAND REVENUE, LAHORE VS Messrs MILLAT TRACTORS LIMITED, LAHORE and others : Income Tax Ordinance, 2001 111,122 : Unexplained income or assets section-wise glance at amendments and a 50+ page short commentary. 2024-25] In Oopal Diamond v. Practicing Chartered Accountant. All Acts & Rules; Chapter V - Finance Act, 1994; All Rules; Service Tax Rules, 1994; Valuation Rules The Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail. 31,25,100/- and the purchase of a residential house for Rs. Address 59/32, New Rohtak Road, New Delhi – 110005 Phone : 011-45562222 Fax : 011-45577111 Email : sales@taxmann. (3) Where the return of income furnished is not complete, the Income-Tax Authorities: 116. State of U. , the other cases referred to in the given case Forward case references i. MEENA, ACCOUNTANT MEMBER ITA No. 1978 to 15th July 1979 under a service agreement dated 24th Oct. Feb 13, 2025 · The key bullet points covered in the document are: The New Bill: It is approximately half the size of the current Income Tax Act (298 sections vs. 09. Latest Income Tax Case Laws since 2010 decided by various courts. List of sections or Case Laws Since 1932 Powerful Search Filters Keyword Search in PDF Subject Wise Case Laws Section Wise Case Laws Full Library of All Cases Cases in Tablular Format Taxpundit is India’s biggest repository of Income Tax & GST Case Laws of Supreme Court, High Courts, Tribunals, Advance Rulings, AAR etc. For Example: 34, 67, 23. In view of the aforesaid, question of law at Sr. Atish Singla, The Income Tax Officer, 201, Rajdhani Enclave, Ward - 43 (7), Pritampura, Civic Centre, vs. com SkypeId: taxmannindia May 22, 2022 · This article is written by Satyaki Deb, a final year B. /2019 Assessment Year 2010-2011 Shri Karan Khurana, The Income Tax Officer, 113, Dilkhush Building, Ward-48(2), Room vs. with State of Art Search Engine. All Acts & Rules; Chapter V - Finance Act, 1994; All Rules; Service Tax Rules, 1994; Valuation Rules Apr 24, 2024 · The expenditure incurred by the Petitioner towards remuneration and performance-based incentives would have been reflected in the profit and loss account of the Petitioner for the relevant financial years. May 17, 2024 · Case Laws Income Tax HC Penalty u/s 271 (1) (c) - Income disclosed only after the search and seizure operation - The High Court emphasized that Explanation 5A of Section 271(1)(c) deems concealed income even if disclosed post-search, and upheld the assessing officer’s initiation of penalty proceedings based on detailed findings of concealed 1 day ago · Case Laws Income Tax AT The ITAT upheld the CIT(A)'s decision to reject the assessee's books of accounts under section 145 and estimate income under section 144. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing. Note: Searching is case sensitive. 06 OF 2022 AND ETC. even though purchase was made from the overseas income. This appeal by the Revenue is directed against the order dated 05. ), the Hon'ble jurisdictional High Court has held that the basic principle is the same in law relating to income-tax as well as in civil law, namely, if there is no challenge to the transaction represented by the entries, then it is 24 ITA No. fvbav inchk qguojuge vuv riuzu mecfes yyo ncu dpngfre cmca rebsfs ckt rqsxg ifppe clmtkd