ITAT

  • Income Tax

No Penalty u/s 271(1)(c) on filing revised return when no such questionnaire was issued with notice

No Penalty u/s 271(1)(c) on filing revised return when no such questionnaire was issued with notice u/s 143(2) ABCAUS Case…

3 years ago
  • Income Tax

Harish N. Salve gets relief from ITAT. Funding law students abroad allowed u/s 37(1)

Harish Salve gets relief from ITAT. Funding education of Indian law students abroad allowed as business expenditure u/s 37(1) as…

3 years ago
  • Income Tax

Partners salary revised just before end of financial year allowed being in accordance with deed

Partners salary revised just before end of financial year allowed being in accordance with terms of deed and law ABCAUS…

3 years ago
  • Income Tax

Addition u/s 69 for unexplained cash. Tag of another banks on cash bundles not relevant

Addition u/s 69 for unexplained cash deleted by the Tribunal. It was held that tag of another bank found on…

3 years ago
  • Income Tax

Stamp duty valuation not a relevant criteria to decide payment of on-money by assessee

STamp duty valuation not a relevant criteria to decide payment of on-money by assessee but piece of evidence to ascertain…

3 years ago
  • Income Tax

Education cess is allowable expenditure under Section 37 of Income Tax Act 1961 – ITAT

Education cess is an allowable expenditure under Section 37 of the Income Tax Act 1961. ITAT allows deduction on the…

3 years ago
  • Income Tax

Reason recorded by non jurisdictional AO cannot give jurisdiction to jurisdictional Assessing Officer

Reason recorded by non jurisdictional Assessing Officer cannot give jurisdiction to the jurisdictional Assessing Officer. ABCAUS Case Law CitationABCAUS 3449…

3 years ago
  • Income Tax

Deduction u/s 35(1)(ii) allowed despite approval granted to Organization withdrawn retrospectively

Deduction u/s 35(1)(ii) for scientific research allowed in hands of donors, notwithstanding  approval granted to Organization withdrawn retrospectively ABCAUS Case…

3 years ago
  • Income Tax

Advance taken in cash against sale not loan or deposit u/s 269SS hence no penalty us/ 271D

Advance taken in cash against sale not loan or deposit u/s 269SS hence no penalty us/ 271D is leviable on…

3 years ago
  • Income Tax

Annual letting value U/S 23(1)(A) of property on the basis of Municipal Valuation accepted

Annual letting value of property u/s 23(1)(a) on the basis of Municipal Valuation accepted by ITAT ABCAUS Case Law CitationABCAUS…

3 years ago