#assessee

Cost on Assessee for not cooperating during remand proceedings imposed by ITAT

Facts and issue of the case The assessee has filed this appeal challenging the order dated 22.5.2020 passed by Ld. CIT(A), Manguluru and it relates to the assessment year 2007-08. None appeared on behalf of the  assessee,  even  though  the case was adjourned on an earlier occasion, at the request of the A.R. of the assessee. However, I find that no power of attorney has been filed by the counsel…

No legal obligation on heirs to inform IT Dept about death of assessee: Delhi HC

[ad_1]

The Delhi High Court has said that legal heirs are under no statutory obligation to intimate the death of the assessee to the Income Tax Department. Also, the responsibility of paying dues will lie with the legal representative, if she/he steps into the shoes of the deceased assessee.

These observations came in a matter involving Savita Kapila, legal heir of late Mohinder Paul Kapila…

Three appeals is withdrawn from ITAT Delhi as the assessee is availing the Vivad Se Vishwas Scheme, 2020 for the purpose of settlement of issues and to avoid litigation.

Gaurav Bajaj – ITA no. 3473, 3474, 3475

Income Tax Act, 1961 – S. 43B – Certain Tax Deductions allowed only on Actual Payment – Whether the assessee is entitled to claim deduction in respect of the excise duty paid in advance in the Personal Ledger Account? Held, the advance deposit of central excise duty constitutes actual payment of duty within the meaning of S. 43B and, therefore, the assessee is entitled to the benefit of deduction…

Agricultural Income Tax; State of Assam Vs. Deva Prasad Barua [Supreme Court of India, 14-08-1968]

Agricultural Income Tax Act, 1939 (Assam) – Ss. 19(1), 20(1) & 30 – Where a voluntary return has been filed pursuant to general notice even after the expiry of the period mentioned in that notice the Income-tax Officer must proceed to assess the income by taking up that return. He cannot ignore that return and serve on the assessee notice under the provisions relating to escaped income such as s.…

Assessee; Sakum Aggarwal, Pathankot Vs. Department of Income Tax [27-05-2016]

Tax Law – Nature of transactions entered into by assessee is definitely of adventure in trade and therefore, rightly held to be a business transaction. Assessee IN THE INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH; AMRITSAR BEFORE SH. A.D.JAIN, JUDICIAL MEMBER AND SH. T.S. KAPOOR, ACCOUNTANT MEMBER Date of pronouncement: 27.05.2016 I.T.A No.475(Asr)/2014 Dy. CIT Vs. Sh. Sakun Aggarwal Circle-VI,…