ITAT

  • Income Tax

ITAT warns awarding cost for not following SC guidelines in GKN Driveshafts

ITAT warns of awarding cost for AO not following guidelines of Supreme Court in GKN Driveshaft  where assessee objects to…

5 years ago
  • Income Tax

Delay in filing electronic appeal due to non updation of mobile in aadhar was sufficient reason-ITAT

Delay in filing electronic appeal due to non updation of mobile no. in aadhar so as to verify the OTP…

5 years ago
  • Income Tax

Addition of notional annual value u/s 23(5) of property held as stock in trade deleted by ITAT

Addition on account of notional annual value u/s 23(5) of property held as stock in trade deleted by ITAT as…

5 years ago
  • Income Tax

Sale of shares-Capital Gain or business income? ITAT explains the Law in assessee’s favour

Sale of shares-Capital Gain or business income ? ITAT explains law in assessee's favour quoting CBDT Instructions / Circulars and…

5 years ago
  • Income Tax

Revision u/s 263 ordered for dropping penalty proceedings u/s 271(1)(c) set aside

Revision u/s 263 ordered for dropping penalty proceedings u/s 271(1)(c) set aside as AO took a view by adopting a…

5 years ago
  • Income Tax

Foreign travel expenses on visit to trade fair with tourist visa. Disallowance reduced to 50 %

Foreign travel expenditure on visit to trade fair with tourist visa . ITAT restricted disallowance to 50 per cent in…

5 years ago
  • Income Tax

No Addition as unexplained cash credit if loan creditor deposited cash before issue of cheque

No Addition u/s 68 to be made as unexplained cash credit if loan creditor had deposited cash before issue of…

5 years ago
  • Income Tax

Deemed annual value u/s 23 can not be estimated for old, dilapidated house not habitable

Deemed Annual value of old dilapidated house not habitable set aside for verification as deemed provision u/s 23 not applicable…

5 years ago
  • Income Tax

Exemption u/s 10(37) can not be denied merely because sale price was negotiated

Exemption u/s 10(37) for compulsory acquisition not be denied merely because the sale price was fixed through a negotiated settlement…

5 years ago
  • Income Tax

Forfeiture of deposit on account of cancellation of lease allowed as business loss u/s 28

Forfeiture of deposit on account of cancellation of lease allowed as business loss u/s 28 being incidental to regular business…

5 years ago