No disallowance u/s. 40(a)(ia) as reimbursement of expense considered as receipts and tax paid thereof

Crisil Limited Vs ACIT (ITAT Mumbai) ITAT Mumbai held that disallowance under section 40(a)(ia) of the Income Tax Act unjustified when reimbursement of expenses is considered as receipts in total…

Continue ReadingNo disallowance u/s. 40(a)(ia) as reimbursement of expense considered as receipts and tax paid thereof

Order of PCIT passed without considering contentions of assessee is liable to be quashed

AMNS Ports Vizag Terminals Ltd. Vs PCIT (ITAT Allahabad) ITAT Allahabad held that order passed by PCIT without considering the contentions of the assessee is against the principles of natural…

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CoC has to take final call with regard to resolution plan or modification thereof: NCLAT Delhi

Meenakshi And Kushal Goyal Vs Amit Agarwal (NCLAT Delhi) NCLAT Delhi held that resolution professional needs to place the resolution plan after incorporating directions by Hon’ble Supreme Court before CoC…

Continue ReadingCoC has to take final call with regard to resolution plan or modification thereof: NCLAT Delhi

Belated appeal before CIT(A) dismissed without an opportunity of being heard not justified

Balappa Hanamantappa Nandeppanavar Vs ITO (ITAT Bangalore) ITAT Bangalore held that dismissal of appeal by CIT(A) merely because the same was filed belatedly not justified as CIT(A) failed to grant…

Continue ReadingBelated appeal before CIT(A) dismissed without an opportunity of being heard not justified