ITAT

  • Income Tax

Merely because an income has been taxed in recipient’s hand it does not become deductible expenditure but as per Law

In a recent judgment, ITAT Mumbai has opined that merely because an income has been taxed in the hands of…

8 years ago
  • Income Tax

ITAT condoned 7 days delay in filing appeal before CIT(A)-Cause of substantial justice deserves to be preferred over technical considerations

"When substantial justice and technical considerations are pitted against each other, the cause of substantial justice deserves to be preferred"…

8 years ago
  • Income Tax

Granting exemption not claimed in return of income-Reservation of Supreme Court in Goetze India Ltd case is applicable to AO not to appellate authority

In a recent judgment, ITAT Jaipur while allowing assessee's claim of exemption u/s 11 held that the Supreme Court decision in Goetze…

8 years ago
  • Income Tax

To establish the fact that the assessee cultivated the land the Adangal extract is a must

To establish the fact that the assessee cultivated the land the Adangal extract is a must In a recent judgment,…

8 years ago
  • Income Tax

Credit of self assessment tax paid can not be denied for charging interest under section 234A

In a recent order, ITAT Ahmedabad has held that the credit of self assessment tax paid which has the same effect…

8 years ago
  • Income Tax

sale of property distributed on dissolution of partnership firm amounts to capital gain not business income

ITAT, Ahmedabad has held that sale of shops by the assessee which were distributed on dissolution of partnership firm amounts to capital…

8 years ago
  • Income Tax

construction cost amortization of infrastructure facility under BOT project is allowable expenditure

In a recent judgment, ITAT Mumbai has held that as per CBDT circular no. 09 of 2014, construction cost on development…

8 years ago
  • Income Tax

Penalty 271(1)(c) quashed-Assessee forget to declare interest income due to old age

In a recent judgment, ITAT Amritsar has quashed penalty imposed u/s 271(1)(c) for non declaration of bank fixed deposit interest…

8 years ago
  • Income Tax

Application for registration u/s 12A-No pre-requirement to show and establish having undertaken charitable activities before filing such application

In a recent judgment, ITAT Delhi has held that it is not pre-requirement for seeking registration u/s 12A of the…

8 years ago
  • Income Tax

Mere AIR information that deposits made in bank account not indicative that income has escaped assessment u/s 147

In a recent judgment, ITAT Amritsar has upheld that the mere AIR information that deposits were made in a bank account do…

8 years ago