ITAT

  • Income Tax

No Penalty u/s 271(1)(c) merely due to quantum addition without fresh verification  

No Penalty u/s 271(1)(c) merely due to quantum addition without making fresh verification during penalty proceedings  ABCAUS Case Law Citation:ABCAUS…

4 years ago
  • Income Tax

No Penalty u/s 271(1)(c) on cancellation of automatic deduction on wrong classification of income

No Penalty u/s 271(1)(c) on cancellation of automatic deduction u/s 24(a) on wrong classification of income under house property than…

4 years ago
  • Income Tax

Expenses incurred during lull business period can not be denied when no income is generated

Expenses incurred during lull business period can not be denied to assessee when he was not able to generate any…

4 years ago
  • Income Tax

Trust for benefits of particular community no ground to deny Registration u/s 12AA

Trust set up for providing benefits to a particular community no ground to  deny Section 12AA registration ABCAUS Case Law…

4 years ago
  • Income Tax

Withdrawal of deduction u/s 54/54F beyond scope of rectification u/s 154

Withdrawal of deduction u/s 54/54F beyond scope of rectification u/s 154. AO has no jurisdiction to re-appreciate evidences already considered. …

4 years ago
  • Income Tax

Exemption u/s 54/54F for house purchased in wife name. Jurisdictional High Court to be followed

Exemption u/s 54/54F for house purchased in wife name, Deduction allowed for change in jurisdictional High Court with favourable judgment…

4 years ago
  • Income Tax

Tax paid in foreign country is expenditure eligible for deduction u/s 37(1) of Income Tax Act – ITAT

Tax paid in foreign country not eligible for benefit u/s 91 is expenditure eligible for deduction under section 37(1) of…

4 years ago
  • Income Tax

Trader in scrap not liable to collect TCS u/s 206C if scrap not result of manufacturing

Trader in scrap not liable to collect TCS u/s 206C if scrap not a result of manufacturing ABCAUS Case Law…

4 years ago
  • Income Tax

Penalty notice u/s 271AAB without specifying percentage clause held invalid

Penalty notice u/s 271AAB without specifying at what percentage the penalty will be levied makes it defective and invalid and…

4 years ago
  • Income Tax

Fixed medical allowance to employees taxable without proof of actual medical expenditure

Fixed medical allowance to employees taxable without proof that medical expenditure actually incurred. ITAT upheld addition u/s 201(1) for short…

4 years ago