ITAT

  • Income Tax

Allowable cost of construction when only 1st floor sold as per sale deed to reduce stamp duty

Allowable Cost of construction when only first floor of house was sold as per registry to reduce the stamp duty.…

3 years ago
  • Income Tax

Addition u/s 69A for cash deposit in bank in excess of yearly salary income deleted

Addition u/s 69A for unexplained cash deposited in bank account of the assessee in excess of his yearly salary income…

3 years ago
  • Income Tax

Notice u/s 148 issued prior to approval granted by competent authority bad in law

Notice u/s 148 issued prior to approval granted by competent authority bad in law In the instant case, the assessee…

3 years ago
  • Income Tax

Undisclosed sales being excess turnover reported in service tax return. Addition set aside

Undisclosed sales being excess turnover reported in service tax return. Tribunal set aside the addition for de novo proceedings In…

3 years ago
  • Income Tax

Land cannot be considered as non agricultural, simply because a Farm house located thereon

Land cannot be considered as non agricultural, simply because of a Farm house located thereon . Existence of a farm…

3 years ago
  • Income Tax

Disallowance of interest on partner’s capital u/s 40(b) restricted to net advances out of interest bearing funds

Disallowance of interest on partner’s capital u/s 40(b) restricted to net advances out of interest bearing funds ABCAUS Case Law…

3 years ago
  • Income Tax

Sale of property was LTCG as assessee held it from the date of advance payment

Sale of property was long term capital gain as assessee held it from the date of advance payment and balance…

3 years ago
  • Income Tax

Liability to pay creditors not ceases merely because assessee could not furnish confirmation

Liability to pay creditors does not ceases merely because assessee could not furnish confirmation of one creditor out of several…

3 years ago
  • Income Tax

Mandatory provisions of Section 153C must be followed where AO is same for person searched and third party

Mandatory provisions of Section 153C must be followed before proceeding where AO is same for person searched and third party…

3 years ago
  • Income Tax

Section 115BBC is silent unlike section 68 which casts obligation on assessee to explain amount credited to the satisfaction of AO

Section 115BBC is silent unlike section 68 which casts obligation on assessee to explain amount credited to the satisfaction of…

3 years ago