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AO cannot re-open assessment merely for non filing of ITR unless the total income is exceeding maximum amount which is not chargeable to tax    *    Whether the service of a copy of the order by Speed Post, would constitute valid service under Customs Act, 1962? - Held Yes - HC    *    Donation to political party - Return filed with Election Commission, indicate the name and donor details - Deduction u/s 80GGC allowed - Tri    *    CENVAT CREDIT    *    Cenvat Credit - refund - export of services - The registration is not the sole criteria for granting refund, so long the other conditions are satisfied, refund shall be granted - Tri    *    CENVAT credit – demo cars – capital goods – input – nothing is demonstrated today that a demo car falls in any of the Chapters dealing with capital goods - credit cannot be allowed - Tri    *    Period of limitation - in case duty was required to be paid on the strips, the appellant was entitled to avail credit of duty paid on the granules, which would have neutralized the entire demand on the strips - in this Revenue neutrally background, there could be no malafide on the part of the appellant to evade duty - Tri    *    Validity of statutory provisions - Imposition of penalty on company and directors - he legislature while in view of such situation has granted discretion to the executive, at the same time, provided for sufficient guidelines and safeguards so that such discretion does not convert into arbitrary or discretionary exercise of powers - HC    *    Strengthening Our Debt Markets (Dr. Raghuram G. Rajan, Governor - August 26, 2016 - at Annual Day Address to Foreign Exchange Dealers Association of India, Mumbai)    *    Violation of Clause 49 of the Listing Agreement - whole Time Director chaired the Audit Committee Meeting - levy of penalty of ₹ 5 lac cannot be said to unreasonable or excessive - SAT    *    Tribunal was right in confirming the set-off of MAT Credit under Section 115JAA brought forward from earlier years against tax on total income including surcharge and education cess instead of adjusting the same from tax on total income before charging such surcharge and education cess - HC    *    TDS liability - period of limitation - It is true that the Court cannot legislate the Act, however, the Assessing Officer also cannot be given unfettered powers, which he can exercise even beyond the reasonable period of four years. - HC    *    Waiver or reduction of interest - Application u/s 220(2A) - It has also to be verified whether the default in payment of the amount was due to the circumstances beyond the control of the assessee and the assessee has cooperated with the enquiry. - CIT to reconsider the matter - HC    *    Merchandise Exports from India Scheme (MEIS) - Addition in Table 2 [containing ITC (HS) code wise list of products with reward rates] of Appendix 3B    *    Depreciation (while claiming deduction u/s.80IA) is optional to the assessee and that once the assessee chooses not to claim it, the AO cannot allow while computing the income. - HC    *    Streamlining the process of No Objection Certificate (NOC), Port Clearance Certificate (PCC), voyage return and voyage assessment in the case of Foreign Shipping Companies (FSCs)    *    TCS - scrap generated from the mechanical working of the material (breaking of the ship) - The assessee is duty bound to collect the TCS from the buyers in terms of Section 206C of the Act.- Tri    *    Taxability of capital gains - even though the assessee is shown as the co-owner of the said property, the source of funds for investment in purchase of the said property is by the assessee’s husband - taxable in the hands of husband not the assessee - Tri    *    Audit by department: Justified or not?    *    Regarding cenvat credit on service tax on rent a cab    *    Constitution of Grievance Redressal Committee    *    Commerce Secretary’s Discussions through DVC with Indian Ambassadors in European Countries on Trade Issues    *    Seeks to further amend notification No.12/2012-Central Excise dated 17.03.2012 so as to levy Basic Excise Duty at a concessional rate of 2% on Aviation Turbine Fuel drawn by operators or cargo operators from the Regional Connectivity Scheme (RCS) airports for a period of 3 years

Income Tax Case Laws - Section: 250

Home Case Index Income Tax Sections List
Cases for Section: 250
Showing 1 to 15 of 220 Records
 
  • 2015 (12) TMI 26 - ITAT KOLKATA

    Legal right to the AO for opportunity of being heard at the time of hearing appeal - Held that - AO has not been given notice of hearing by Ld. CIT(A) as is required by the provision of Sec. 250(1) of the Act. So in view of the above factual position... ... ...


  • 2016 (1) TMI 72 - ITAT CHENNAI

    Income from cash deposits - CIT(A) treated as assessee s business turnover in part and balance as income from other sources - Held that - CIT (A) was justified in treating ₹ 20 lakhs of cash deposits as assessee s business turnover since the as... ... ...


  • 2015 (11) TMI 731 - ITAT DELHI

    Deductions as claimed by assessee U/S 57 and 80C denied - invoking the provisions of section 115D - Held that - In the peculiar facts and circumstances of the case, the impugned order does not meet the requirements of law. The specific grievances of ... ... ...


  • 2016 (1) TMI 784 - PUNJAB AND HARYANA HIGH COURT

    Expenses for setting off new business and fee paid - ITAT treated as as revenue in nature - Held that - The expenditure in dispute incurred by the assessee as revenue in nature and allowable as deduction because the assessee has incurred the aforesai... ... ...


  • 2015 (8) TMI 1032 - ITAT DELHI

    Bogus capital share introduction - accommodation entries - CIT(A) proceeded to partly accept some of the claims of the assessee and partly rejected and also restored the issue back to the file of the AO for verification on facts.Held that - As far as... ... ...


  • 2015 (7) TMI 777 - ITAT DELHI

    Legality of notice issued and order passed u/s 154 - AO disallowed cash purchases made at ₹ 33,70,800/- u/s. 40A(3) of the Act which was added to the income of the assessee vide order dated 17.6.2014 passed u/s. 154 - Held that - We find consid... ... ...


  • 2015 (8) TMI 53 - DELHI HIGH COURT

    Power of the AO to pass the Order - CIT(A) held that the Assessment Order dated 21st January, 2010 for AY 1998-99 had attained finality and thus, the AO had no jurisdiction to pass another Assessment Order for the same Assessment Year confirmed by IT... ... ...


  • 2015 (9) TMI 1101 - ITAT CHENNAI

    Penalty under Sec.271(1)(c) read with section Sec. 250 - Held that - From the facts of the case, it is apparent that the assessee has not concealed its income or furnished inaccurate particulars in the return of income filed before the Revenue. The e... ... ...


  • 2015 (6) TMI 362 - ITAT JAIPUR

    Rejection of books of accounts - trading addition - Held that - During the course of search, no incriminating documents were found and seized. The ld Assessing Officer rejected the book result for non-producing of the stock register but various court... ... ...


  • 2015 (6) TMI 935 - ITAT DELHI

    Non deduction of TDS on payments made on account of settlement on withdrawal accumulated balance under Rule 9, 10 of part A of Schedule IV of the I.T. Act, 1961 - maintainability of appeal for stay orders - Held that - Law is well settled that the fi... ... ...


  • 2015 (6) TMI 424 - ITAT AGRA

    Admission of additional evidence by the CIT(A) - whether in violation of rule 46A - Held that - Powers of the Board, which have been vested in them for carrying out for the purposes of the Act, have to be exercised in such a judicious manner so as no... ... ...


  • 2015 (3) TMI 410 - DELHI HIGH COURT

    Unexplained credit u/s 68 - commission paid on entry taken from entry provide - Reopening of assessment - Held that - The CIT (Appeals), as also the ITAT, in the case at hand, in our view, unjustifiably criticized the AO for not having confronted the... ... ...


  • 2015 (4) TMI 940 - BOMBAY HIGH COURT

    Jurisdiction of CIT(A) to make a reference to DVO to determine the FMV of the property - The Revenue insists on the fact that the power is being exercised only under Section 250(4) of the Act alone. - Held that - Power to make further enquiry under S... ... ...


  • 2014 (11) TMI 847 - ITAT LUCKNOW

    Violation of Rule 46A Admission of additional evidences without providing opportunity to heard or not - Held that - CIT(A) noted that the assessee has filed an affidavit dated 11/06/2010, sworn by Mr. Manish Khandelwal, Director of the assessee compa... ... ...


  • 2014 (11) TMI 149 - ALLAHABAD HIGH COURT

    Mandatory provisions u/s 250 complied or not Proceedings to be remitted to CIT(A) instead of AO - Whether the Tribunal is justified in reversing the order of the CIT (A) and restoring the order of AO on the ground that CIT (A) has without verifying b... ... ...


 
   
 
 
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