2019-TIOL-187-SC-IT
Sonia Gandhi Vs ACIT
Having heard the parties, the Supreme Court directed the Registry to post this batch of Special Leave Petitions in the week commencing 19 August 2019, for final disposal.
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Case deferred
: SUPREME COURT OF INDIA
2019-TIOL-912-HC-DEL-IT
CIT Vs Kohinoor Foods Ltd
Whether invocation of revisional powers by the CIT without holding an independent inquiry to repudiate the conclusions arrived at by the AO in the assessment order, is erroneous - YES: HC
- Revenue's appeals dismissed: DELHI HIGH COURT 2019-TIOL-847-ITAT-DEL
Dharampal Satyapal Ltd Vs DCIT
Whether mere genuineness of cash expenditure, is sufficient to determine disallowance u/s 40A(3) - NO: ITAT
Whether excessive cash payments calls for disallowance u/s 40A(3), if no business exigency or any other situation falling in to exception of Rule 6DD was shown to exist by the taxpayer - YES: ITAT
Whether when non-interest-bearing funds available with a firm far exceeded loans & advances given to its sister concern at lower interest rate or without charging interest, then no disallowance u/s 36(1)(iii) on account of interest expenditure is warranted - YES: ITAT
Whether mere giving cheques from cash credit account, is sufficient to infer utilization of borrowed funds - NO: ITAT
Whether any approach of loading of cost on goods, which are transferred from one undertaking to another without determination of market price of such goods, is the mandate of provisions of section 80IA(8) - NO: ITAT
Whether any additional profit markup is required to be added, when only costs have been allocated and no identification of any specific services provided by such units to eligible unit is found - NO: ITAT
Whether allocation of common cost to eligible undertaking, does not calls for charging of markup - YES: ITAT
Whether royalty payment for two different brands cannot be compared to ascertain the market value - YES: ITAT
Whether presence of 'incriminating evidence' and its nexus to seized documents, is required to be established for making additions on account of inflated expenditure - YES: ITAT
- Assessee's appeal partly allowed: DELHI ITAT
2019-TIOL-834-ITAT-AHM
DCIT Vs Landmark Cars East Pvt Ltd
Whether depreciation can be claimed on the cost of goodwill for which extra consideration is paid while acquiring the business of a going concern - YES : ITAT
- Revenue's appeal dismissed : AHMEDABAD ITAT
2019-TIOL-833-ITAT-AHM
Parulben Rajubhai Trivedi Vs ITO
Whether duty cast upon the assessee with regard to the loan taken stands discharged if identity and the genuineness of the loans taken through banking channel has gained sanctity - YES : ITAT
- Assessee's appeal allowed : AHMEDABAD ITAT
2019-TIOL-832-ITAT-DEL
Sanjeev Aggarwal Vs ACIT
Whether if making addition based on general finding is not appropriate, the case should be remanded to arrive at the proper findings - YES : ITAT
- Case Remanded : DELHI ITAT
2019-TIOL-831-ITAT-DEL
Singhal Exim Pvt Ltd Vs ITO
Whether the case should be remanded to reconsider the addition made u/s 68 if addition is made by the AO in hurry without discussing and considering the evidences produced by assessee - YES: ITAT
- Case Remanded : DELHI ITAT
2019-TIOL-830-ITAT-DEL
Akshay Jain Vs DCIT
Whether when the nature of credit stands fully explained and there is no nexus to show that unaccounted money has been routed under the garb of share trading, then income from such activity cannot be taxed u/s 68 - YES: ITAT
- Assessee's appeal allowed : DELHI ITAT | 
