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Supreme Court Allows Appeal and Enhances Compensation in Motor Accident Claim Based on Income Tax Returns. Deceased's income fixed at Rs.1,98,192 per annum as per ITR, rejecting lower courts' assessment.

The appeal arose from a motor accident claim where the deceased, Vivekananda Shenoy, aged 47, died in a collision with a bus on 30 September 2012. The...

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Supreme Court Dismisses Recall Application in Income Tax Case — Service on Power of Attorney Holder Held Valid. Service of notice on authorized representative/agent of company under Section 2(35) of Income Tax Act, 1961 is sufficient service.

The Principal Commissioner of Income Tax (Central) filed a Special Leave Petition (SLP) against NRA Iron & Steel Pvt. Ltd., which was decided ex parte...

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Bombay High Court Allows Revision by Income Tax Department Against Discharge of Accused in TDS Default Case. Failure to Deduct Tax at Source Under Section 276-B of Income Tax Act, 1961 Requires Proper Consideration of Evidence at Trial Stage.

The petitioner, Union of India through the Assistant Commissioner of Income Tax, TDS Circle, Mumbai, filed criminal revision applications challenging ...

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Bombay High Court Rules on Disallowance Under Rule 6D and Allowability of Spouse's Foreign Travel Expenses. Disallowance under Rule 6D of Income-tax Rules, 1962 must be computed on annual per employee basis, not per trip; expenditure on wife's foreign trip allowable if wholly and exclusively for business.

The case is an income tax reference under Section 256(1) of the Income-tax Act, 1961, arising from a dispute between the Commissioner of Income-tax, B...

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Bombay High Court Allows Revenue's Appeal in Income Tax Case on Section 43B Disallowance — Co-operative Bank Held to be Scheduled Bank. Interest Payment to Co-operative Bank Attracts Section 43B Disallowance for Lack of Evidence of Payment Before Filing Return.

The case involves an appeal by the Commissioner of Income Tax-2 against an order of the Income Tax Appellate Tribunal (Tribunal) dated 26/10/2009 for ...

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Bombay High Court Dismisses Insurance Company's Appeal in Motor Accident Claim — Compensation Upheld. Tribunal's assessment of deceased's income based on income tax returns and application of multiplier of 17 held proper under Section 166 of Motor Vehicles Act, 1988.

The appellant, New India Assurance Co. Ltd., challenged the judgment and award dated 21/07/2004 passed by the Claims Tribunal, Pune in Motor Accident ...