2021-TIOL-1750-HC-MUM-IT
Pinnacle Vastunirman Pvt Ltd Vs UoI
Whether failure to pay stipulated declaration amount under IDS entails taxation of undisclosed income declared u/s 183 under Income Tax Act in previous year in which such declaration was made - YES: HC
Whether when IDS itself contemplates that declaration without payment of tax is void and non-est, then question of retention of tax paid under such declaration will not arise - YES: HC
- Case disposed of: BOMBAY HIGH COURT
2021-TIOL-1749-HC-MAD-IT
Cognizant Technology Solutions India Pvt Ltd Vs ACIT
Whether when AO has reason to believe that reopening is necessary to consider such issue, which was never dealt with in regular proceedings, then reopening is legally sustainable - YES: HC
Whether there is any bar in law if some information is provided by external agency that could be made use of by the AO to initiate reopening so long as the same is genuine - NO: HC
- Assessee's petition dismissed: MADRAS HIGH COURT
2021-TIOL-1416-ITAT-MAD
Venkatesh Daggubati Vs ACIT
Whether business expenses incurred by assessee cannot be disallowed ad hoc without first establishing that such expenses were in fact incurred for some personal purpose - YES: ITAT
- Assessee's appeal partly allowed: CHENNAI ITAT
2021-TIOL-1415-ITAT-DEL
DCIT Vs Haridwar Development Authority
Whether a trust engaged in carrying out charitable activities with object of general public utility in accordance with section 2(15) of the Act, cannot be denied exemption u/s 11 where Revenue is unable to prover otherwise - YES: ITAT
- Revenue's appeals dismissed: DELHI ITAT
2021-TIOL-1414-ITAT-HYD
Kanakadhara Ventures Pvt Ltd Vs DCIT
Whether no disallowance could be made once an assessee's profits are estimated at the fixed percentage of it's turnover - YES: ITAT
- Assessee's appeal partly allowed: HYDERABAD ITAT
