ITAT

  • Income Tax

Surrender of income due to recovery of documents during survey can not be voluntarily – ITAT

Surrender of income due to recovery of documents during survey can not be said to be voluntarily. ITAT upheld penalty…

3 years ago
  • Income Tax

Earlier cash withdrawal can be explained as source for subsequent bank deposit – ITAT

Earlier cash withdrawal can be explained as source for subsequent bank deposit of cash, provided there are no evidence to…

3 years ago
  • Income Tax

ITAT remanded invocation of Section 115BBE denying set off of loss for income assessed u/s 68

ITAT remanded invocation of Section 115BBE denying set off of current year loss against income assessed u/s 68. ABCAUS Case…

3 years ago
  • Income Tax

Addition for cash deposit remanded as bank account was opened by by forging PAN Card and signature

Addition for cash deposit remanded as bank account was opened by someone else by forging PAN Card and signature of…

3 years ago
  • Income Tax

No TDS u/s 194IA on advance security deposit under JDA as there was no transfer

No TDS u/s 194IA on advance security deposit under JDA as there was no transfer as conditions of Section 2(47)(v)…

3 years ago
  • Income Tax

Addition u/s 68 for cash deposited in bank during demonetization period deleted

Addition u/s 68 for cash deposited in bank during demonetization period deleted as cash was deposited by trade debtors ABCAUS…

3 years ago
  • Income Tax

No Penalty u/s 271(1)(c) on filing revised return when no such questionnaire was issued with notice

No Penalty u/s 271(1)(c) on filing revised return when no such questionnaire was issued with notice u/s 143(2) ABCAUS Case…

3 years ago
  • Income Tax

Harish N. Salve gets relief from ITAT. Funding law students abroad allowed u/s 37(1)

Harish Salve gets relief from ITAT. Funding education of Indian law students abroad allowed as business expenditure u/s 37(1) as…

3 years ago
  • Income Tax

Partners salary revised just before end of financial year allowed being in accordance with deed

Partners salary revised just before end of financial year allowed being in accordance with terms of deed and law ABCAUS…

3 years ago
  • Income Tax

Addition u/s 69 for unexplained cash. Tag of another banks on cash bundles not relevant

Addition u/s 69 for unexplained cash deleted by the Tribunal. It was held that tag of another bank found on…

3 years ago