ITR

tag:blogger.com,1999:blog-2164205885693678229Thu, 19 Jun 2025 07:22:53 +0000ITR TribunalITR highlightCase law DigestSection 271(1)(c)Compilations of case lawwrite up / suggestionSupreme CourtHC DelSection 147ITAT MumbaiDTAAFavor RevenueITATHigh CourtITAT DelhiSection 148General TopicsSection 115 JBTDSTransfer PricingCapital GainFavor of AssesseeitrGeneralHC MUMSection 80 HHCIT Act related TopicsMiscSection 132Section 80IASection 80IBDeemed DividendHC GujaratSection 10ASection 40(a)(iaSection 32TribunalGeneral NewsSEARCHESSection 158Section 2Section 56Section 68in favor of RevenueHC CulcuttaHC Hariyana and PunjabLand Mark DecisionPenaltiesRight to InformationSection 32Section 119 jurisdictionSection 12Section 14 ASection 14ASection 153Section 154Section 194 C - ContractSection 234 A B C DSection 260ASection 4VDISAARBudget 2011Charitable TrustDEPRECIATIONDVODemandFBTGENERAL ISSUESGIFTSGiftGift TaxHC KeralaHC MadrasHealthITAT AHMEDABADITAT KolITAT PUNEMethod of accountingProsecutionRetrospectiveRule 8 DRule 8DSET-OFFSection 10 BSection 11Section 115BBDSection 195Section 2 (22) (e)Section 263Section 276Section 36Section 50CSector 37Service of NoticeValuation of stockin favor of Assesseesale of lease holdsection 143section 92139(4)143(2)AFFIDAVITAOP / BOIAdministrationAdministrativeAdventure in nature of tradeAgricultureAppealBad DebtCARRY FORWARDCORPORATE VEILClosing StockDispute Resolution PanelESTOPPELExemptionHC KarnatakaHC RajasthanHUFINTERPRETATION OF STATUTESITAT AGRAITAT BANGLOREITAT HydrabadInternational TaxationJUDICIAL DISCIPLINEJurisdiction of AOManagementNRINotificationOPPORTUNITY OF BEING HEARDOne LinerPROCEDURAL LAPSEPenny StockRecoverySLP - Special Leave PetitionSPECULATIONSTATEMENTSSTAY ORDERSSattelment CommissionSection 54ECSection 94Section 10(23C)(vi)Section 144Section 158BCSection 194 ESection 324 A B C DSection 43BSection 44Section 5Section 54Section 80 GSocial MessageStayTaxmanTerritorial jurisdiction of High CourtUndisclosed Cash CreditsWealth-tax Actestimate of incomesection 80 Psection 80 MITRCollection of Income Tax case laws / articale / the Financial Matters ect. http://itronline.blogspot.com/noreply@blogger.com (Unknown)Blogger854125tag:blogger.com,1999:blog-2164205885693678229.post-6465414941032128907Sun, 24 Oct 2021 21:36:00 +00002021-10-26T00:45:54.443+05:30in favor of AssesseeSection 147Section 148Consolidation of cases of year 2020 for Section 147 & 148 in favour of the Assessee. 1       { In Favor of Assessee } [A  (SC]-[S.147] BPTP Ltd. v. CIT (2020) 421 ITR 59 / 312 CTR 514/185 DTR 372 / 113 Taxmann.com 587 (DelhiHC) Reassessment-After the expiry of four years-Change of opinion-Details were furnished in response to questionnaires-Failure to deduct tax at source-Notice is not valid.[S. 40(a)(ia), 148, 194I,Art.226] Allowing the http://itronline.blogspot.com/2021/10/consolidation-of-cases-of-calendar-year_25.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-2164205885693678229.post-8713824072291832053Sun, 24 Oct 2021 09:10:00 +00002021-10-24T22:40:57.443+05:30in favor of RevenueSection 147Section 148Consolidation of cases of calendar year 2020 for Section 147 & 148 in favour of the Revenue & set aside. Section :- S. 271(1)(c), S.274 Court (Cuttack)(Trib.) Penalty-Concealment-Inapplicable words in notice not struck off-Penalty order not specifying exactly under which limb penalty is levied-Penalty is held to be unjustified. [S. 274] The AO levied penalty which was confirmed by the CIT(A) On appeal the Tribunal held that notices under S. 274 read http://itronline.blogspot.com/2021/10/s-2711c-s274-court-cuttacktrib-penalty.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-2164205885693678229.post-1830303395311882340Wed, 13 Oct 2021 18:28:00 +00002021-10-14T12:07:35.066+05:30Section 271(1)(c)TribunalS. 271(1)(c), S. 22, 133A, Court (Jaipur)(Trib.), Penalty-Concealment-Survey-Surrender of income-No difference between returned income and assessed income-Penalty is not leviable-As regards non disclosure of rental income-Penalty is leviable. [S. 22, 133A]Section :- S. 271(1)(c), Explanation 5A Court (Jaipur)(Trib.) Penalty-Concealment-Initiation of penalty proceedings on both charges-Penalty levied on a specific charge of concealing particulars of income-Levy of penalty is held to be justified. [Explanation 5A] The Tribunal held that the assessee was made aware of both the charges at the time of http://itronline.blogspot.com/2021/10/s-2711c-explanation-5a-court-jaipurtrib.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-2164205885693678229.post-8693413875472560788Wed, 13 Oct 2021 18:25:00 +00002021-10-14T12:08:18.386+05:30High CourtSection 271(1)(c)S. 271(1)(c), S. 254(1), Court (Bom.)(HC), Penalty-Concealment-Order of Tribunal set aside the appeal to CIT(A) is held to be valid. [S. 254(1)] Section :- S. 271(1)(c), S. 254(1) Court (Bom.)(HC) Penalty-Concealment-Order of Tribunal set aside the appeal to CIT(A) is held to be valid. [S. 254(1)http://itronline.blogspot.com/2021/10/s-2711c-s-2541-court-bomhc-penalty.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-2164205885693678229.post-8010993559768851234Wed, 13 Oct 2021 18:25:00 +00002021-10-14T12:08:52.073+05:30Section 271(1)(c)Supreme CourtS. 271(1)(c), [S. 145], Court (SC), Penalty-Concealment-Mercantile method of accounting-Recovery of loan was doubtful-interest has shown as income-Deletion of penalty is held to be justified. [S. 145]Section :- S. 271(1)(c), [S. 145] Court (SC) Penalty-Concealment-Mercantile method of accounting-Recovery of loan was doubtful-interest has shown as http://itronline.blogspot.com/2021/10/s-2711c-s-145-court-sc-penalty.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-2164205885693678229.post-4084213648458749385Wed, 13 Oct 2021 18:24:00 +00002021-10-14T12:09:05.204+05:30Section 271(1)(c)Supreme CourtS. 271(1)(c), Court (SC), Penalty-Concealment-Mercantile method of accounting-Recovery of loan was doubtful-interest has shown as income-Deletion of penalty is held to be justified. [S. 145]<!--[if gte mso 9]> http://itronline.blogspot.com/2021/10/s-132-statement-under-oath-favor.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-2164205885693678229.post-2698674685603797365Sun, 03 Oct 2021 04:30:00 +00002021-10-14T00:18:44.964+05:30Section 271(1)(c)S. 271(1)(c) [SC] [Favor Revenue] :- Depreciation on non exited assets , Penalty rightly levied.[S. 271(1)(c)] [Court : Supreme Court] [In favor of revenue] Citation : [2018] 99 taxmann.com 152 (SC) , Special Leave Petition (Civil) Diary No. 34548 of 2018  Name of the case :Sundaram Finance Ltd.  v. Deputy Commissioner of Income-tax===================================== Section 271(1)(c), read with section 32, of the Income-tax Act, 1961 - Penalty - For concealment of income http://itronline.blogspot.com/2021/10/s-2711c-sc-favor-revenue-depreciation.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-2164205885693678229.post-5209259967089583052Sun, 03 Oct 2021 02:00:00 +00002021-10-03T07:30:00.215+05:30in favor of RevenueSection 271(1)(c)Supreme CourtS. 271(1)(c) [SC] [Favor Revenue] :- Incorrect adjustment of Depreciation ,liable for penalty.Court : SUPREME COURTSection : 271(1)(c)Name of the caseCitation : 184 Taxman 8 (SC)/ [2009] 315 ITR 460 (SC)/ [2009] 222 CTR 213Penalty under section 271(1)(c) confirmed for wrong adjustment of Unabsorbed Depreciation.http://itronline.blogspot.com/2021/10/s-2711c-sc-favor-revenue-incorrect.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-2164205885693678229.post-9024983926823360829Sat, 02 Oct 2021 10:30:00 +00002021-10-14T00:19:33.176+05:30Penny StockSection 148 S. 148. Penny stock. HC-Guj. In favor of revenue. The re-opening is valid.HIGH COURT OF GUJARATNishant Vilaskumar Parekh v. Income-tax Officer, Ward 1(3)J.B. PARDIWALA AND ILESH J. VORA, JJ.SPECIAL CIVIL APPLICATION NO. 21929 of 2019MARCH  15, 2021.Section 10(38), read with section 147, of the Income-Tax Act, 1961 - Capital gains - Income arising from transfer of long-term securities (Reassessment) - Assessment year 2012-13 - Assessee company sold 40,000 shares ofhttp://itronline.blogspot.com/2021/10/s-148-penny-stock-hc-guj-in-favor-of.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-2164205885693678229.post-8028581469833168821Sat, 02 Oct 2021 01:30:00 +00002021-10-02T07:00:00.205+05:30139(4)Section 271(1)(c)S. 271(1)(c) [SC] [Favor Revenue] :- 139(4) doesn’t allow Assessee to escape the Penalty Court : SUPREME COURTSection : 271(1)(c)Name of the case :- Amin Chand PayarelalCitation : 285 ITR 546Penalty under Section 271(1)(a) can be levied on a return filed under Section 139(4). The Apex Court has followed its earlier decision in the case of Pradip Lamps Works v. CIT [2001] 249 I.T.R 797 . In that case it has held that merely because sub-Section (4) of Section 139 enables the assessee http://itronline.blogspot.com/2021/10/s-2711c-sc-favor-revenue-1394-doesnt.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-2164205885693678229.post-286395384961527119Fri, 01 Oct 2021 16:00:00 +00002021-10-06T12:22:51.348+05:30s. 271(1)(c). SC. "Wrong advice given by Chartered Accountant" [In favor of Revenue]s.271(1)(c)Supreme Court Citation [2019] 103 taxmann.com 208 (SC)  name of the case Jivanlal and Sons vs Assistant Commissioner of Income-tax============================ IT: Where High Court confirmed penalty order passed by Tribunal rejecting assessee's explanation that it had claimed deduction in respect of tax paid on basis of wrong advice given by Chartered Accountant, SLP http://itronline.blogspot.com/2021/10/s-2711c-sc-wrong-advice-given-by.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-2164205885693678229.post-2822716961610107108Fri, 01 Oct 2021 15:30:00 +00002021-10-01T21:02:53.748+05:30S. 10(10), SC : Commencement date of payment of Gratuity (Amendment) Act, 2010, is 24-05-2010; it cannot be treated to be retrospectiveCommencement date of payment of Gratuity (Amendment) Act, 2010, is 24-05-2010; it cannot be treated to be retrospective■■■ [2021] 129 taxmann.com 168 (SC)[13-08-2021] SUPREME COURT OF INDIA Krishna Gopal Tiwary  v. Union of India *HEMANT GUPTA and A.S. BOPANNA, jj. Civil Appeal No. 4744 of 2021AUGUST  13, 2021  Section 10(10) of the Income-tax Act, 1961 - Gratuity (Generalhttp://itronline.blogspot.com/2021/10/s-1010-sc-commencement-date-of-payment.htmlnoreply@blogger.com (Unknown)0