ITAT

  • Income Tax

Addition u/s 69C for unexplained expenses on foreign tour with spouse deleted

Addition u/s 69C for unexplained expenses on foreign tour along with spouse deleted by Tribunal as it was part of…

5 years ago
  • Income Tax

Cash found during search belonging to parents- ITAT deleted addition

Cash found during search belonging to parents- ITAT deleted the addition on account of cash belonging to the parents of…

5 years ago
  • Income Tax

No concealment penalty on adoption of different GP rates

No penalty could be levied on the difference resulted due to adoption of different GP rates made on estimate basis…

5 years ago
  • Income Tax

No disallowance u/s 54EC for delay in cheque clearance for purchase of REC Bonds

No disallowance u/s 54EC for delay in cheque clearance for investment in REC Bonds which was attributable to the banking…

5 years ago
  • Income Tax

Frequency, magnitude systematic manner no criteria to hold sale of shares as business activity

Frequency, magnitude of transaction in systematic manner no criteria to hold that the assessee is engaged in a business activity…

5 years ago
  • Income Tax

Cash deposited in bank by friend for making DD for tender was not loan or deposits u/s 269SS/269T

Cash deposited in bank by friend for making DD for participating in tender was not loan or deposits u/s 269SS…

5 years ago
  • Income Tax

It is customary for Indian ladies to share locker to keep jewellery of family members

It is common practice in Indian household that ladies share locker for keeping jewellery with family members- ITAT deletes addition…

5 years ago
  • Income Tax

No disallowance merely because vouchers was fresh not faded or torn

No disallowance merely because vouchers was fresh not faded or torn. When self made vouchers not found false, no addition…

5 years ago
  • Income Tax

Limitation period not prescribed but assessment order must be served within reasonable time – ITAT

Limitation period not prescribed for service of assessment order but it must be served within reasonable time as held by…

5 years ago
  • Income Tax

Transfer of creditor balances to capital for bank loan facilities was not waiver u/s 41(1)

Transfer of creditor balances to capital account for better bank loan facilities was not waiver of liability u/s 41(1) being…

5 years ago