ITAT

  • Income Tax

NFAC bound by decision of Jurisdictional High Court. ITAT urges CBDT TO recall all such orders

NFAC is bound by binding decision of Jurisdictional High Court when AO is situated within territorial and subjective jurisdiction of…

3 years ago
  • Income Tax

CIT exemption cannot sit in appeal against affiliation granted to assessee by Education Board

CIT exemption cannot sit in appeal against affiliation granted to asseesee by Education Board. Permission examined by board can not…

3 years ago
  • Income Tax

Doctrine of prejudice cannot be invoked for non-specific penalty notices u/s 271(1)(c)

Non-specific penalty notice u/s 271(1)(c) issued by assessing officer violates mandatory requirement of law and doctrine of prejudice cannot be…

3 years ago
  • Income Tax

Addition for undisclosed foreign bank account deleted as info received wasn’t bank statement

Addition for undisclosed foreign bank account deleted as the information received in pen drive under DTAC lacked basic essentials of…

3 years ago
  • Income Tax

Allowable cost of construction when only 1st floor sold as per sale deed to reduce stamp duty

Allowable Cost of construction when only first floor of house was sold as per registry to reduce the stamp duty.…

3 years ago
  • Income Tax

Addition u/s 69A for cash deposit in bank in excess of yearly salary income deleted

Addition u/s 69A for unexplained cash deposited in bank account of the assessee in excess of his yearly salary income…

3 years ago
  • Income Tax

Notice u/s 148 issued prior to approval granted by competent authority bad in law

Notice u/s 148 issued prior to approval granted by competent authority bad in law In the instant case, the assessee…

3 years ago
  • Income Tax

Undisclosed sales being excess turnover reported in service tax return. Addition set aside

Undisclosed sales being excess turnover reported in service tax return. Tribunal set aside the addition for de novo proceedings In…

3 years ago
  • Income Tax

Land cannot be considered as non agricultural, simply because a Farm house located thereon

Land cannot be considered as non agricultural, simply because of a Farm house located thereon . Existence of a farm…

3 years ago
  • Income Tax

Disallowance of interest on partner’s capital u/s 40(b) restricted to net advances out of interest bearing funds

Disallowance of interest on partner’s capital u/s 40(b) restricted to net advances out of interest bearing funds ABCAUS Case Law…

3 years ago