Income tax case laws pdf. TOPICS COVERED Clear Library.

Income tax case laws pdf Exemption under the Income Tax law may be claimed as agricultural income, income from sale (a) the income assessed is greater than the income determined in the return processed under clause (a) of sub-section (1) of section 143; (b) the income assessed is greater than the maximum amount not chargeable to tax, where no return of income has been furnished or where return has been furnished for the first time under section 148; tax‟ shall be allowed „tax credit‟ while computing „tax due‟ on his taxable income for that year. Recovery Proceedings - Assessee in Default - Consequences of being assessee in default - Vicarious Liabilities Garnishee Proceedings Claiming for Income Tax Allowance and Industrial Building Allowance 2 Facts The taxpayerwho is in the business of providing healthcare and medical services was claiming for Investment Tax Allowance (“ ITA ”) amounting to RM91,421,922. 2004. 58 OF 1962 . the burden of a direct tax cannot be shifted. Commissioner of Income Tax [2018] 89 taxmann. Necessity theory 3. Dinesh Kumar Sharma: 20/03/25: Delhi Agricultural Marketing Board, through its Chairman Vs. In addition cess under Sub-sections (11) and (12) to Section 2 of the Finance act of 2% and 1% of the income tax and surcharge was also payable. Laddu Gopal Overseas, 5555/58, Basti Har Phool Singh, Sadar Bazar, Delhi-110006 Vs Income Tax Officer, Ward-63(3), In this material, we would be introducing the students to the Income-tax law in India. 2014-15 only and hence the case laws cited by the appellant being old cases and decided in a different context, would not apply to the present case. com SkypeId: taxmannindia Income Tax Case Laws. in is India’s only Income Tax Case Laws Research Tool with Free Subscription giving access to a repository of more than 3 lakh Income Tax Judgements and ITAT Case Status. Case: First Lepanto Taisho Ins. INCOME TAX –CASE LAWS DATABASE Taxmann. Find law, interpretations and policy that the ATO uses when making decisions. 2016 SECTION A - INCOME TAX ACT BASICS Study Note 1 : Basic Concepts 1. 2000 incurred in the production of income, gains or profits chargeable to tax, Sections of the law: Sections 15(1), (2)(a) and 16(1)(a) of the Income Tax Act Implications Section 15 and 16 of the Income Tax Act requires that before any expenditure can be deducted from a person’s taxable income it ought to have been exclusively (C) Yes. SUGGESTED ANSWER: (D) No. Stay informed with these key legal insights. In view of the aforesaid, question of law at Sr. Disallowance expenditure Defect in accounts STAY Tax Liability u/s 113 Departmental Practice Cash withdrawal Jurisdiction of Income Tax Authorities Capital Value Tax Audit, selection Employee & Commission Agent Levy of Income Tax; autonomous body Advance Income Tax and Sales Tax ADRC Minimum tax on income of certain persons Money Bill Audit ACT : INCOME TAX ACT NO. The question of law for the consideration of which the leave petitions were converted into appeals is set out in para 6 below. 269SS, 273B] To get professional advice on tax case laws, income tax office and financial services information, please visit CCHTaxOnline website. Section 145, read with section 37(1), of the Income-tax Act, 1961 – Method of accounting – Rejection of accounts IV. The concept of advance tax is known since Direct Taxes: If tax is levied directly on the income or wealth of a person, then, it is a direct tax. Muhammad Farooq v. Apr 28, 2022 · Dive into crucial Income Tax case laws covering sections 276C, 276D, 277, and more. Mukherjee Road, Kolkata- 700001 (edition based on provisions applicable for AY 2014-15) REFERENCES 1. CIT vs. THE INCOME TAX ACT, CAP 340 4-123 (a) The Income Tax (Withholding Tax) Regulations, SI No. Tax-related cases: South African Law Reports, South African Tax Cases Reports and Juta’s Tax Law Reports. All Acts & Rules; Chapter V - Finance Act, 1994; All Rules; Service Tax Rules, 1994; Valuation Rules The matters arose under the Income Tax Ordinance, 2001 (“Ordinance”), in relation to the tax years 2016 to 2108 of the same taxpayer (respondent herein). Commissioner of Internal Revenue, CTA Case No. K. These acts (statutory authority) are interpreted together with relevant case law , Regulations and Binding General Rulings. Mar 17, 2021 · IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCHES "C" : DELHI BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER AND SHRI B. 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 C. Here are some of the notable ones: 1. Srikrishna (P) Ltd. This includes various Acts (including the Income Tax Act, 1961 and Goods and Services Tax Act), rules, notifications, circulars, orders, Budget documents, case laws, press releases, and FAQs. The teachers teaching the course shall In this material, we would be introducing the students to the Income-tax law in India. Sripal Reddy (2013) In this case, the court held that a genuine transaction cannot be disregarded on the ground of mere suspicion. They are used to fund public services, pay government obligations, and provide goods for citizens. com covers almost all cases reported in the leading journals relation to Income-Tax Taxman SOT ITD II. •Any charitable Trust or Institution may be AOP/BOI/Artificial Judicial person/Company(in some cases), whether registered u/s 12A or not, if income does not exceed maximum exemption limit, filing of income tax return is not agricultural income, such explanation shall be accepted to the extent of agricultural income worked back on the basis of agricultural income tax paid under the relevant provincial law. 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. Income Tax Act, 1961 provides for levy, administration, collection and recovery of Income Tax. u/s 111 when the law only requires that if the explanation offered by a taxpayer is not satisfactory or no explanation is offered by the taxpayer, the unexplained income shall be included in the person’s income chargeable under the head “income from other sources” after confronting the taxpayer u/s 122(9) of the Income Tax Ordinance, 2001?” 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. I. The tax system must develop an effective system of taxpayer services and education that will effectively communicate and educate taxpayers about their tax obligations and associated penalties. The reason is that these matters have reached this Court via tax references. Roy vs. tax by the respondent-taxpayers during the tax periods mentioned therein. Income Tax Officer & Ors. Justice Sardar Tariq Masood and Mr. png Importance: High July 2018 New Tax Court case on source Why this matters? A recent tax court judgment substantially deviates from the principle emanating from case law to-date. 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. Year : 2012-13 Sh. Various fora have,on facts of their case and their reading of law have given varying judgments . Thus it gives me an immense pleasure in introducing my first book on various judgments under GST in chart form for conceptual clarity of professionals so that they can apply the same in their practical cases. 1185/Del. law but many time they are not able to apply these provision in practical cases. ] (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. e. Income Tax Cases 2008 – 2010. Although judgments of the Tax Court do not constitute precedents, they have some persuasive value. To activate this reliance Petitioner rebutted all testimony of taxable income in the form of the 1099-R by use of form 4852. pdf Present: Mr. Income Tax | Case Laws. Apr 23, 2020 · In the case of Commissioner of Income Tax vs. itatonline. 6168/Del/2016 & CO No. The article is an attempt to understand the issue,place 6. v. , Rs. tax acts The South African (legislation), e. P. 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. 5 Sources of Income Tax Laws in India 3 1. Taxmann is the most reliable online source for research on income tax, indirect tax & GST, Company Law, IFRS, Ind AS only a small percentage of Tax Court cases (fewer than five percent for each of the past ten years) are closed as a result of a trial and decision . The Income Tax Act permits the deduction when the cost of the tangible or intangible asset utilised by the assessee decreases. g. The controversy in the present batch of civil appeals pertains to the interpretation of Section 45(5) of the Income-tax Act, 1961, as it stood prior to 1. Promissory Estoppel in Fiscal Laws and Tax Planning Tax Management X An Overview of Goods and Services Tax Law XI. 3355/Del/2017 : Asstt. Registration, Accounts and Record, Payment, Refunds, Returns, Tax Invoice, Credit and Debit Note, E way Bill XIV. 6 Basic Principles for Charging Income Tax [Sec. State of Jharkhand: 20/03/25: State of Uttar Pradesh Vs. Income-Tax Officer (1996) 9 SCC 534 183 IMPORTANT NOTE: 1. Directors-General of Income-tax/Directors-General of Income-tax Guidelines for selection of cases for scrutiny during the Financial Year 2017-2018-regd. 1 INTRODUCTION The main purpose of this unit is to discuss the verdict given by Supreme Court on various cases relating to Income Tax Act rules and regulations. ITATorders. Legislation: The Constitution and various tax statutes. Ongpin, 186 SCRA 331 2. Commissioner of Income Tax (Appeals) - CIT(A) Income Tax Appellate Tribunal (ITAT) High Court (HC) - Valid service of notice u/s. 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. For a one page summary of Tax Cases from 2000 to 2013, click here. /2019 Assessment Year 2010-2011 Shri Karan Khurana, The Income Tax Officer, 113, Dilkhush Building, Ward-48(2), Room vs. 2001 ORD -- Income Tax Ordinance, 2001 . 4. Input Tax Credit, Job Work and Input Service Distributor XIII. After considering the judgment of the SC in case of TuticorinAlkali Chemicals and Fertilizers Limited v. • Facilitates student preparation i. ((2003) 259 ITR 19 (SC)), laid down a procedure for reopening under Section 147 as follows: “…However, we clarify that when a notice under Section 148 of the Income tax Act is issued, the proper course of action for the noticee is to file return and if he so desires, to seek reasons for issuing notices. 340 – 1 124 -132 (b) The Income Tax (Distraint) Rules, S. 7 Assessment Year (A. Further to avoid Click here to download the pdf versions of the Digest of case laws S. Snehasis Nanda: 20/03/25: Chandra Shekhar Singh Vs. – Circular No. The court held that the meaning for the word technical services used under Section 194J of the Income Tax Act, 1961, can be derived from its surrounding words. 31/2025 Income-tax (Tenth Amendment) Rules, 2025 - Central Government notifies form ITR-B for taxpayers on whom search, or requisition operation has been initiated. No. Doctrines in Taxation 1. FACTS IN THE LEAD MATTER Civil Appeal No. Income Tax Cases 2000 – 2004. You can study case laws of Supreme Court, High Courts, Appellate Tribunal and FTO by entering Section number or schedule number of Income Tax Ordinance, 2001. Whether you are a student seeking to improve your academic performance or a legal professional seeking to stay up-to-date with the latest developments in this field, Legal Bites is an The term “income” has the widest possible connotation within the four corners of the Income tax Ordinance 2001; dividend in specie received by the taxpayer-appellants falls within the scope of the term “income” 17. rhm lqbf tant brypj pyem kltz bymda ukuezla xaacfzv qwixw zasymcj ipn ntwhu qrses ktwy