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90 orders · Page 2 of 2
The High Court allowed the Revenue's prayer to withdraw the appeal. The appeal was dismissed as withdrawn in light of the revised monetary limits for filing appeals as per the new Circular.
The High Court, following the CBDT circulars that enhanced monetary limits for filing appeals, dismissed the Revenue's appeal. The dismissal was based on the tax effect being below the prescribed threshold.
The High Court dismissed the appeal filed by the Revenue. This was done in accordance with the CBDT circulars that enhance monetary limits for filing appeals to reduce litigation.
The High Court noted that the matter had become infructuous. Consequently, the appeal was dismissed as infructuous, with no order as to costs.
The High Court dismissed the appeal. The dismissal was based on a circular issued by the Central Board of Direct Taxes which set a monetary limit for filing appeals before the High Court.
The High Court found the Tribunal's order to be well-reasoned and dealing with all contentions. No substantial question of law was made out.
The High Court dismissed the appeal. The dismissal was based on the monetary limits for filing appeals as per CBDT Circular No. 17 of 2019, which stipulated a limit of Rs. 1.00 crore for High Court appeals. The tax effect in this case was below this limit.
The High Court held that the appeal filed by the Department was dismissed as it did not meet the monetary limit for filing appeals. The court noted that the monetary limit for filing appeals before the High Court is Rs. 1 Crore.
The High Court noted that the matter had become infructuous. Consequently, the Income Tax Tribunal Appeal (ITTA) was dismissed as infructuous.
The High Court held that the complainant failed to establish a legally enforceable debt due to lack of documentary evidence and an unconvincing explanation for the loan amount and interest. The lower appellate court's decision to acquit the accused was upheld.
The High Court permitted the revenue to withdraw the present appeal. The reasoning was based on the submission by the revenue that the amount of income tax involved was less than ₹ 1 crore, falling below the minimum limit prescribed for filing or pursuing appeals in the High Court as per Circular No. 17/2019. The Court noted that the appeal was dismissed as withdrawn. However, the questions of law raised in the appeal were expressly kept open. No specific finding was made on the merits of the ITAT's order.
The Tribunal upheld the view of the revenue authorities that the assessee was the owner of the bonds for assessment purposes, as they were purchased before the specified date. The High Court agreed that revenue authorities can take a prima facie view on property ownership during assessment proceedings.
The Tribunal upheld the view of the revenue authorities that the assessee was the owner of the bonds for assessment purposes, as they were purchased before the specified date. The High Court agreed that revenue authorities can take a prima facie view on property ownership during assessment proceedings.
The Tribunal upheld the view of the revenue authorities that the assessee was the owner of the bonds for assessment purposes, as they were purchased before the specified date. The High Court agreed that revenue authorities can take a prima facie view on property ownership during assessment proceedings.
The High Court held that public issue expenses amortized under Section 35D are allowable if incurred for expansion of business. However, disallowance for late payment of PF and ESI was upheld as per the Supreme Court ruling.
The High Court found that the substantial questions of law proposed by the appellant were similar to those in a previously dismissed appeal. Consequently, the court dismissed the current appeal on the same grounds.
The High Court held that broken period interest paid on securities held as stock-in-trade is an allowable revenue expenditure. This aligns with previous High Court and Supreme Court decisions on the matter.
The High Court observed that since the ITAT had remanded the matter back to the assessing officer, no live issue survived for consideration in the present appeal. Therefore, the appeal was closed.
The High Court dismissed the appeal based on the CBDT's circular which sets monetary limits for filing appeals. The court noted that the appeal was below the prescribed monetary limit for filing before the High Court.
The High Court found that the ITAT's procedure was flawed, particularly in relying on valuation report extracts without proper furnishing to the assessee. The court also noted that the assessee had provided sufficient explanations and proofs for the investments, exceeding the amounts deemed unexplained by the ITAT.
The High Court held that reopening the assessment was impermissible as it was based on a change of opinion by the Assessing Officer. The initial assessment had accepted the amount as a liability, and subsequent attempts to rectify or reopen were not justified.
The Tribunal upheld the view that interest income pertaining to assets which became non-performing assets should not be deducted from taxable income. The court followed its previous decision on an identical appeal.
The Tribunal erred by remanding the entire matter to the Assessing Officer instead of adjudicating the grounds of appeal. This prejudiced the assessees as even relief granted by the CIT(A) was nullified. The High Court set aside the ITAT's order.
The Tribunal erred by remanding the entire matter to the Assessing Officer instead of adjudicating the grounds of appeal. This prejudiced the assessees as even relief granted by the CIT(A) was nullified. The High Court set aside the ITAT's order.
The High Court noted that the disputed tax amount was below the monetary limit prescribed by the CBDT for filing appeals. Consequently, the appeal was dismissed.
The High Court dismissed the appeal filed by the Revenue. This was done in terms of the CBDT Circular which enhanced the monetary limits for filing appeals to reduce litigation.
The Tribunal held that the revenue authorities' reliance on creditor statements without allowing cross-examination and discrediting documentary evidence like TDS certificates violated the principles of natural justice.
The High Court held that the principle of mutuality cannot be extended to income earned by a chit fund company. It also upheld the view that employee contributions to ESI and PF made after the statutory due date but before the return filing date are inadmissible as expenditure.
The Tribunal held that the principle of mutuality does not apply to transactions with non-permanent and non-life members as they lack voting rights and participation in management. However, the High Court, following its own prior decisions and Supreme Court pronouncements, found the Tribunal's view unjustified.
The High Court dismissed the appeal filed by the revenue. This was done in accordance with the CBDT circular that sets monetary limits for filing appeals.
The High Court disposed of the appeals on the grounds of low tax effect, keeping the questions of law open. Liberty was granted to apply for restoration if the matter is covered by exceptions in CBDT circulars.
The High Court noted that a previous appeal arising from the same ITAT order had been allowed. Consequently, the present appeal was rendered infructuous.