ITAT

  • Income Tax

No relief admissible u/s 89(1) towards compensation received on closure of plant

No relief admissible u/s 89(1) for compensation received on termination of employment due to closure of plant  In a recent…

2 months ago
  • Income Tax

Mere use of word Islamic do not make trust created only for religious community or cast – ITAT

Mere use of term Islamic world or Islamic Scholars in objects would not make trust created only for a religious…

2 months ago
  • Income Tax

Disallowance u/s 43B deleted as GST payable was not debited to Profit & Loss account

Disallowance u/s 43B deleted as GST payable was not debited to Profit & Loss account and was paid before due…

2 months ago
  • Income Tax

Disallowance for delayed deposit of PF/ESI prior to SC judgment deleted by ITAT

No disallowance for delayed deposit of PF/ESI prior to judgment of Supreme Court Disallowance of u/s 36(1)(va) for delayed deposit…

2 months ago
  • Income Tax

No pre-deposit required u/s 249(4)(b) before appeal in case of no admitted or undisputed tax

No pre-deposit requirement of tax/advance tax u/s 249(4)(b) before appeal to CIT(A) in case of no admitted or undisputed tax…

2 months ago
  • Income Tax

Penalty u/s 272A(1)(d) deleted as notices gave assessee only two hours time to comply

Penalty u/s 272A(1)(d) deleted as notices gave assessee only two hours time to comply and that too on a public…

2 months ago
  • Income Tax

Income from property if business or house property income depends on main business

Income earned from property if business income or income from house property primarily depends upon the objects / main business…

2 months ago
  • Income Tax

Valuation of closing stock is revenue neutral  – ITAT deleted addition due to valuation of stock

Valuation of closing stock is revenue neutral  - ITAT deleted addition on account of valuation of stock In a recent…

2 months ago
  • Income Tax

Disallowance of land filling expenses right as except contractor bills no evidence produced

Disallowance towards land filling expenses was right as except contractor bills no other evidence was produced - ITAT In a…

2 months ago
  • Income Tax

Assessee was liable to pay penalty u/s 272A(1)(d) on first default only – ITAT

Assessee was liable to pay penalty u/s 272A(1)(d) on the first default as thereafter, the AO could have proceeded to…

2 months ago