The Income Tax Appellate Tribunal of Kolkata Branch has ruled that TDS Credit cannot be disallowed because Deductors Inadvertently Mentioned the Wrong PAN. Case Details: Case Name Dilip B. Desai Vs. ACIT, Central Circle-4(2), Kolkata Appeal Number I.T.A. No.: 13/Kol/2022 Related Assessment Year 2010-11 TDS Credit cannot be disallowed because Deductors Inadvertently Mentioned the Wrong/New […]
HRA Can be Claimed Even If Rent Paid to Spouse In the case of Abhay Kumar Mittal Vs DCIT, the Income Tax Appellate Tribunal (ITAT) Delhi bench has ruled out that House Rent Allowance (HRA) exemption for rent paid to spouse is allowed. Case Details: Case Name Abhay Kumar Mittal Vs DCIT Appeal Number ITA […]
The Income Tax Appellate Tribunal of Mumbai Branch has ruled that Depreciation on Server, Storage, and accessories Procured During the year is allowable. Case Details: Case Name Deputy Commissioner of Income Tax Vs. M/s. BSE Ltd. Appeal Number ITA No.: 1048/Mum/2020 Related Assessment Year 2015-16 Read the full original Order: 1. By way of this […]
The Gujrat High Court ruled that TDS credit is eligible to deductee even if TDS payment is defaulted by the deductor. Case Detail: Case Name Kartik Vijaysinh Sonavane Vs. Deputy Commissioner of Income Tax Case Number SPECIAL CIVIL APPLICATION – No. 6193 of 2021 Date of Decision 15 November 2021 Read the full order/Judgment: 1. […]
In the case of M/s Tally Solutions Pvt Ltd, Bangalore, the Income Tax Appellate Tribunal (ITAT) Banglore bench allowed the depreciation on the home theatre because it was used for business purposes. Case Details: Case Name Deputy Commissioner of Income Tax Vs. M/s Tally Solutions Pvt Ltd Bangalore Appeal Number ITA 579 / BANG / […]