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Monthly Archives: September 2015

Tax Audit/ ITR date extended to 31st October 2015

In the case of Vishal Garg & Ors. Vs. Union of India & Anr., Punjab & Haryana HC extended due date of Tax Audit cases to 31st October 2015 from existing 30th September 2015. Its not clear if the due date for non audit cases also been extended or not for which we have to wait for official order. High Court has also issued guideline for timely issue of Income Tax Return Forms.
We would further like to inform our readers that its just Court Instruction to CBDT to extend the due date, but CBDT has not yet officially issued any Order in Compliance of High Court Order.
Click to Download Copy of P&H High Court Judgment Dated 29.09.2015

Delhi High Counrt dismisses Tax Audit Returns Due Date Extension Appeal

In the case of Avinash Gupta and Ors V/s Union of India and Ors It was held by Delhi High Court that in this case it is pleaded that the petition is in the nature of public interest. However, the petition is not drafted as a Public Interest Litigation (PIL) and does not comply with the rules for filing a petition in public interest. Hon’ble Court has dimissed the petition and granted the liberty to file a PIL.

Interest, Transport and Power Subsidies are eligible Deductions u/s 80IB

Related Case Law :

DCIT Vs M/s. Maithan Smelters Ltd.,(Kolkata ITAT), ITA No. 1327/Kol/2011 A.Y. 2005-06, Date of decision –26-08-2015
Briefs of Case
In the case DCIT Vs. Maithan Smelters Ltd. the Hon’ble Kolkata ITAT held that the interest subsidy, transport subsidy and power subsidy received by the assessee are eligible for deduction u/s 80IB of the Act.

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