Category: ITAT
Assessee liable to penalty u/s 221(1) for non payment of self assessment tax under section 140A, where return is revised and tax is paid at the time of filing the revised return of income – ITAT Special Bench Penalty for non payment of self assessment tax where return …
Penalty 271(1)(c) for mistakenly interchanged opening wdv of fixed assets with block of assets admissible a higher rate of depreciation ABCAUS Case Law Citation: ABCAUS 2089 (2017) (10) ITAT The Challenge/Grievance: The appellant assesseeschallenged the order passed by the CIT(A) confirming action of Assessing Officer (AO) in …
When assessee filed all details rejectig registration u/s 12AA by the CIT (Exemptions) on the ground that assessee was not interested in prosecuting the application was not consistent with the facts. ABCAUS Case Law Citation: ABCAUS 2086 (2017) (09) ITAT The Challenge/Grievance: The appellant assessee had filed …
No disallowance for overpricing if party assessed at maximum marginal rate and there is no loss of Revenue. ABCAUS Case Law Citation: ABCAUS 2085 (2017) (09) ITAT The Challenge/Grievance: This was an appeal filed by Revenue against the order of CIT(A) whereby he had deleted the additions …
Additions u/s 68 and 69 for transfer entries in capital account on account of rectification can not be sustained treating it alleged unexplained credit and unexplained investments – ITAT ABCAUS Case Law Citation: ABCAUS 2082 (2017) (09) ITAT The Challenge/Grievance: The present appeal was been filed by …
Disproportionate increase in expenses in relation to turnover can not be reason in itself for making adhoc disallowance without cogent material – ITAT ABCAUS Case Law Citation: ABCAUS 2076 (2017) (09) ITAT Assessment Year : 2012-13 Brief Facts of the Case: The Petitioner assessee had claimed certain expenses. …
Agreement for the supply of equipments-No TDS deductible u/s 194C of Income Tax Act as per provisions of law, case laws, circulations & clarifications-ITAT ABCAUS Case Law Citation: ABCAUS 2063 (2017) (09) ITAT The Grievance: The Revenue had filed this Appeal against the order passed by the …
On making valid declaration under Direct Tax Resolution Scheme 2016, appeal in respect of the disputed income pending before CIT(A) shall be deemed to have been withdrawn. ABCAUS Case Law Citation: ABCAUS 2061 (2017) (09) ITAT The Issue: The issue raised was against the dismissal of the …
Local puja and festival committees donations allowed as business expenditure as those contributions were paid to avoid confrontation and to smooth running of the business. ABCAUS Case Law Citation: ABCAUS 2057 (2017) (09) ITAT Assessment Year : 2011-12 Brief Facts of the Case: The assessee had claimed …
Registration 12AA cannot be denied on the ground of dissolution clause not providing transfer of income and assets to another similar institution registered u/s 12AA ABCAUS Case Law Citation: ABCAUS 2056 (2017) (08) ITAT Brief Facts of the Case: The Assessee was an university which had come into …
