ITAT

  • Income Tax

Assessee not liable to LTCG if land leased to builder for flats and payments received directly by builder

Assessee not liable to Long Term Capital Gain for being registered owner where the land was leased out to a builder…

8 years ago
  • Income Tax

Without change in facts, situation or law, no different stand can be taken. Rent taken as house property income not business

In case there is no change in the facts, situation or in law, the Revenue cannot be allowed to adopt a…

8 years ago
  • Income Tax

Additions made for non furnishing name address details of raddi-wallas for purchases made deleted

Additions made for non furnishing name address details of raddi-wallas for purchases made deleted In case of purchases made from small…

8 years ago
  • Income Tax

Peak Negative Cash Balance Addition u/s 69C without giving benefit of capitalisation of sums disclosed in earlier AYs deleted

Unexplained expendiure addition u/s 69C made for peak negative cash balance without giving benefit of capitalisation of sums disclosed in…

8 years ago
  • Income Tax

Deduction 80IC-Manufacturing Plastic Pet Bottles, Jars not negative list item in 13th Schedule

Deduction u/s 80IC available for manufacturing of PET bottles, Caps, jars etc. which are not plastic articles and do not…

8 years ago
  • Income Tax

Loans Advance given on interest not deemed dividend u/s 2(22)(e) as shareholder not derive benefit from funds of company

Loans Advance given on interest not deemed dividend u/s 2(22)(e) as shareholder not derive benefit from funds of company When…

8 years ago
  • Income Tax

Property Fair market value as on 01-04-1981 based on market rates taken from Sub-Registry records not without basis

Property Fair market value as on 01-04-1981 based on market rates taken from Sub-Registry records not without basis The fair…

8 years ago
  • Income Tax

Allowability of interest as cost of acquisition of capital asset u/s 48(ii) debatable, not open for revision u/s 263

Allowability of interest as cost of acquisition of capital asset u/s 48(ii) is highly debatable, not open for revision u/s…

8 years ago
  • Income Tax

CIT Appeals order passed ex parte without giving another opportunity or mentioning reasons for additions sustained is bad

CIT Appeals order passed ex parte without giving another opportunity or mentioning reasons for additions sustained is bad INCOME TAX…

8 years ago
  • Income Tax

CIT Revision u/s 263 unjustified that income surrendered u/s 133A to be taxed separately u/s 69A not as business income

CIT Revision u/s 263 unjustified alleging wiping out income surrendered u/s 133A treating it business income and not separately u/s…

8 years ago