before the learned ITAT. At this stage, it is required to be noted that the order passed under Section 263 of the Act was dispatched by the office of the Commissioner on 28.03.2012. 2.2 The assessee – respondent herein filed an appeal before the learned ITAT on 29.11.2012 submitting that it had come to
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ITAT is a quasi judicial institution set up in January, 1941 and specializes in dealing with appeals under the Direct Taxes Acts. The orders passed by the ITAT are …
in the income tax appellate tribunal 'b' bench : bangalore before shri. b. r. baskaran, accountant member and smt. beena pillai, judicial member
Sejal on Maria Fernandes Cheryl vs. ITO (ITAT Mumbai) Sejal on DCIT vs. Ozone India Ltd (ITAT Ahmedabad) Sejal on DCIT vs. Ozone India Ltd (ITAT Ahmedabad) Archives. April 2021 (8) March 2021 (8) January 2021 (9) December 2020 (4) November 2020 (2) October 2020 (2) September 2020 (3) August 2020 (5) July 2020 (9)
ITAT mumbai quashesld the tax demand of Rs 5,872 Cr on a demerger transaction of Grasim . Here is an interesting decision by ITAT Mumbai wherein rhe demand raised as a result of the demerger. The case detail is as under: Grasim Industries Ltd (ITA Nos. 1935/MUM/2020 & 41/MUM/2021) Let us have a short overview of the …
has been duly accepted by Hon'ble ITAT in AY 2005-06 in the Appellant's own case. In the application of CUP method, the Appellant has used the prices of DAP fertilizers as published in Fertecon Price Service Report (h ereinafter referred to as "Fertecon report"). Besides the price data, this report also provides freight rates for transport
(ii) allow the appeal and set aside the orders passed by the itat, bangalore in ita no.248/bang/2010 dated 16.07.2013 confirming the order of the appellate commissioner and confirm the order passed by the deputy commissioner of income tax, ltu, bangalore. this ita coming on for final hearing, this day, alok aradhe j., delivered the following ...
The Ld. CIT (A) has erred both in law and circumstances of the case in upholding the reassessment proceedings initiated u/s 147 of the IT Act without …
DEPUTY DIRECTOR OF INCOME TAX VERSUS VODAFONE IDEA LTD (Supreme Court) Supreme Court: Vodafone Idea is not liable to deduct TDS (tax deducted at source) on …
Bengaluru in Income Tax Appeal No. 462/2017, by which the High Court. has dismissed the said appeal preferred by the Revenue and has. confirmed the judgment and order dated …
Demag Cranes & Components (India) Pvt. Limited Vs. DCIT (ITAT Pune)- provisions of 10B(1)(e)(iii) of the Income tax Rules, 1962, which provides for the adjustments in the context of TNMM. From the above, it is explicitly clear that the for the arriving at the arm's leng. Please become a Premium member.If you are already a …
Our trust was incorporated in 2013. Trust was having 12A but not 80G. At the time of new registration U/s 12AB, trust has applied for 80G in Form 10A in April-22.
In support of the same proposition, he has also relied upon order of the ITAT Delhi Bench in the case of M/s Key Components (P) Ltd. vs. ITO ITA No. 366/Del/2016 dated 12.02.2019 in which the reassessment proceedings have been quashed because the reopening was based on 27 ITA.783/Del./2019 Shri Karan Khurana, Delhi.
judgment and order dated 03.07.2019 passed by the High. Court of Judicature at Madras in Tax Case Appeal No.429 of. 2019, by which the High Court has dismissed the said …
dear Team TG, when such a detailed chapter on filing of appeal before Hon ITAT, in the interest of tax payer assessees, i personally feel that the taxpayer also should be conveyed or taught on preparation of sets and paper book, like Form of Appeal, then index page, letter of authority (if any), grounds of appeal, facts of case, order of CIT (A), …
Court: Bombay High Court: Head Notes: S. 148A : Reassessment – Conducting inquiry, providing opportunity before issue of notice – Whether TOLA is applicable for Assessment Year 2015-2016
Mumbai Tribunal : S. 147 : Reassessment-After the expiry of four years-Bogus purchases and sales-Accommodation entries-Information from DDI (Inv)-Cross examination-Denied giving accommodation entries-Reassessment order is quashed.[S. 69C] The assessment was reopened on the basis of information received from DDIT (Inv) on the basis of …
ITAT Orders is India's only income tax case laws research tool that gives access to a repository of more than 3 lakhs income tax tribunal judgments, and Income tax appeals.
grounds under Rule 11 of the ITAT, Rules, 1963 as follows:- "a) The Learned CIT(Appeals) as well as the authorities below erred in law and facts in holding that the Sale Consideration amounting to Rs. 40,09,49,500/- is chargeable to tax in the AY 2012-2013 even though there is no transfer of
Petitioner raised a grievance before ITAT that CIT(A) has erred in sustaining 12.5% disallowance on account of bogus purchases and also in upholding the validity of re-opening. In the Appeal before ITAT various grounds were raised including the challenge to re-opening itself. According to Petitioner there was no tangible material.
The recent order of the Income Tax Appellate Tribunal, Mumbai (ITAT) in the case of Legatum Ventures Limited v/s Asstt. Commissioner of Income Tax has significant implications for foreign investors who have invested in capital assets in India or Indian companies. The order deals with the computation of capital gains arising from the …
By Shashi Bekal, Executive Summary – 1. Suminter India Organics Private Limited v. DCIT [2022] 140 taxmann 591 (Mum) (Trib.) By virtue of section 3(1)(b) of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (TLA), time permitted for filing Form 10-IC for availing concessional scheme of taxation …
ITAT Delhi in the case of Knorr Bremse India Pvt. Ltd. versus ACIT in ITA No. 5886/Del/2012 dated 23.08.2016. The appellant assessee made payment to its AE for the services on account of professional management fee for support services. The TPO proposed adjustment on account of arm's length price in professional consultancy and …
This Digest of case laws is prepared by KSA Legal and AIFTP from judgements reported in BCAJ, CTR, DTR, ITD, ITR, ITR (Trib), Chamber's Journal, SOT, Taxman, TTJ, BCAJ, …
Taxmann understands the importance of finding the right Case Law. Therefore, we provide multiple filters & coverage of Case Laws from all Courts. To help you go through multiple cases in a short period, we provide a 'three-line digest' which gives you a glimpse of the ratio of the case, 'headnote', which provides you with a relevant summary of the facts & …
S. 254(2A): Appellate Tribunal –Stay- ITAT has power to grant stay only if the asseessee pays 20 % of the tax in dispute or furnishes equal amount of security of like amount [ S. 220(6), 253, 254(1)] The Assessee filed a stay application before ITAT against demand raised Assessee submitted that most issues were covered and hence blanket stay ...
