ITAT

  • Income Tax

Section 50C not apply TO transfer of leasehold right in plot of land – ITAT

Section 50C of not apply to transfer of leasehold right in plot of land - ITAT allowed appeal following High…

3 years ago
  • Income Tax

No provision exists for disallowance of expenses in interest of Revenue and to avoid leakage – ITAT

No provision exists for disallowance of expenditure in the interest of Revenue and to avoid the leakage of revenue -…

3 years ago
  • Income Tax

Reopening notice u/s 148 on wrong presumption that assessee not filed return of income quashed.

Reopening notice u/s 148 on wrong presumption that assessee not filed return of income quashed by Tribunal as non application…

3 years ago
  • Income Tax

ITAT rejects & disbelieves cash gifts by close relatives at the time of marriage and anniversary

ITAT rejects and disbelieves cash gifts by close relatives at the time of marriage and anniversary as no such evidence…

4 years ago
  • Income Tax

Penalty u/s 271(1)(b) can not be imposed if assessment order passed u/s 143(3) not u/s 144

Penalty u/s 271(1)(b) can not be imposed when assessment order passed u/s 143(3) not best judgment assessment u/s 144 ABCAUS…

4 years ago
  • Income Tax

Delay in filing appeal condoned as auditor sought opinion from tax advocate who misplaced records

Delay in filing appeal condoned as auditor sought opinion from tax advocate who misplaced the records ABCAUS Case Law CitationABCAUS…

4 years ago
  • Income Tax

Jewellery belonging to family members found in search can not be taxed in assessee’s hand

Assessee can not be taxed for jewellery belonging to family members erroneously or under compulsion offered to tax during search…

4 years ago
  • Income Tax

Ceiling of allowable partners remuneration u/s 40b and exclusion of interest income

For computing allowable partners remuneration u/s 40(b) AO can not allocate net profit into different heads to exclude interest income …

4 years ago
  • Income Tax

TDS non deduction by bank where income in Form 15G/15H exceeded threshold limit

TDS non deduction by bank where income in Form 15G/15H exceeded threshold limit of basic exemption. ITAT remands case for…

4 years ago
  • Income Tax

Addition for alleged cash payment based on file/data retrieved from hard disk quashed

Addition for alleged cash payment based on file/data retrieved from hard disk found during search of third party quashed in…

4 years ago