Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
From the Courts »
Open DEMAT Account in 24 hrs
 Inordinate delay in income tax appeal hearings
 Income Tax leviable on Tuition Fee in the Year of Rendering of Services: ITAT
 Supreme Court invoked its power under Article 142 of Constitution to validate notices issued under section 148 as notices issued under section 148A. However the same shall be subject to amended provisions of section 149.
 ITAT refuses to stay tax demand on former owner of Raw Pressery brand
 Bombay HC sets aside rejection of refund claims by GST authorities
 [Income Tax Act] Faceless Assessment Scheme does not take away right to personal hearing: Delhi High Court
 Rajasthan High Court directs GST Authority to Unblock Input Tax Credit availed in Electronic Credit Ledger
 Sebi-taxman fight over service tax dues reaches Supreme Court
 Delhi High Court Seeks Status Report from Centre for Appointments of Chairperson & Members in Adjudicating Authority Under PMLA
 Delhi High Court allows Income Tax Exemption to Charitable Society running Printing Press and uses Profit so generated for Charitable Purposes
 ITAT accepts Lease Income as Business Income as Business Investments were mostly in nature of Properties

Pankaj Malhotra C-91, South Extention, Part-2, New Delhi Vs. Income Tax Officer Ward 70(3) New Delhi
October, 07th 2020

This appeal filed by the Assessee is directed against the order dated 22.09.2017 of the Commissioner of Income Tax (A)- 21, New Delhi relating to Assessment Year 2008-09.

The relevant facts as culled from the material on records are as under:

Assessee is an individual stated to be having income from salary, capital gains, property etc. Assessee filed return of income for A.Y. 2008-09 on 31.07.2008 declaring total income of Rs.5,82,668/-. The return of income was initially processed u/s 143(1) of the Act. Subsequently, on the basis of information received by the AO from the Investigation Wing w.r.t cash payments for the purchase / booking of the property, the details of which according to the AO were not disclosed by the assessee in the return of income, notice u/s 148 of the Act was issued on 25.3.2015. Thereafter, the assessment was framed u/s 148/143(3) vide order dated 14.03.2016 and the total income was determined at Rs. 62,09,830/-. Aggrieved by the order of AO, assessee carried the matter before CIT(A) who vide order dated 22.09.2017 in appeal no. 21/2016-17 dismissed the appeal of the assessee. Aggrieved by the order of CIT(A), assessee is now before us and has raised the following grounds

For more information

Home | About Us | Terms and Conditions | Contact Us
Copyright 2023 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting