ITAT

  • Income Tax

Appeal dismissed for illegible loose papers restored. The Appeal was dismissed by CIT-A for illegible papers filed without covering letter

Appeal dismissed for illegible loose papers filed without covering letter restored by ITAT ABCAUS Case Law Citation: ABCAUS 1091 (2016)…

7 years ago
  • Income Tax

Capital gain deduction-House Sale-purchase from family members. Everybody entitled to arrange his affairs within law even if it results into tax reduction-ITAT

Capital gain deduction-House Sale-purchase from family members. Everybody entitled to arrange his affairs within law even if it results into…

7 years ago
  • Income Tax

Deductions not claimed for CA mistake allowable during assessment proceedings if found correct and there is no need to file revised return-ITAT

Deductions not claimed for CA mistake allowable during assessment proceedings if found correct and there is no need to file…

7 years ago
  • Income Tax

Sale deed between wife-husband held as colourful device to avoid tax liabilities-ITAT

Sale deed between wife-husband held as colourful device to avoid tax liabilities. Exemption u/s 54F denied on the basis of…

7 years ago
  • Income Tax

Disallowance us 14A for practicing Senior Advocate of Supreme Court deleted as AO was not dissatisfied with correctness of claim made by assessee-ITAT

Disallowance us 14A for practicing Senior Advocate of Supreme Court deleted as AO  was not dissatisfied with correctness of the…

7 years ago
  • Income Tax

Capital gain deduction us 54 54F for belated returns u/s 139(4) allowable-ITAT

Capital gain deduction us 54 54F allowable for belated returns u/s 139(4). Value of stamp duty authorities us 50C(3) to…

7 years ago
  • Income Tax

Refusal of registration us 12A to society of close family members or on the ground that it will charge fee from students do not justify refusal – ITAT

Refusal of registration us 12A to society of close family members or on the ground that it will charge fee…

7 years ago
  • Income Tax

Unpaid audit fee was not income u/s 41(1) even if confirmation letter not produced as no expenditure was claimed in the current year-ITAT

Unpaid audit fee was not income u/s 41(1) even if confirmation letter not produced as no expenditure was claimed in…

7 years ago
  • Income Tax

Additions ignoring peak credit amounts to double taxation if there is no material to show cash withdrawals could not have been re-deposited-ITAT

Additions ignoring peak credit amounts to double taxation if there is no material to show cash withdrawals could not have…

7 years ago
  • Income Tax

Peak Credit theory additions apply for unexplained cash deposits or where assessee fails to give satisfactory explanation u/s 68 69-ITAT

Peak Credit theory additions apply for unexplained cash deposits or where assessee fails to give satisfactory explanation and amount is…

7 years ago