ITAT Lucknow

  • Income Tax

Section 69/69C mandates that assessee must have incurred any expenditure. Additions can not be made by just estimating the expenditure-ITAT

ITAT Lucknow in a recent judgment has held that section 69 of the Income Tax Act, 1961 provides that the assessee must…

8 years ago
  • Income Tax

Cancellation of Charitable Trust Registration u/s 12AA for Bogus Donation Entries without evidence

Cancellation registration u/s 12AA of a charitable trust based on oral statement related to bogus donation entries without any evidence…

8 years ago
  • Income Tax

Unexplained Investment u/s 69. Muslims religion bars Interest income therefore cash kept at home

Addition for Unexplained Investment u/s 69 quashed as Muslims religion bars Interest income therefore cash was kept at home INCOME…

8 years ago
  • Income Tax

Penalty 271(1)(c) deleted for claiming deduction u/s 54 for two residential houses for ambiguity

Penalty 271(1)(c) deleted for claiming deduction u/s 54 for two residential houses for ambiguity before amendment in 2014 INCOME TAX…

8 years ago