itat Visakhapatnam

  • Income Tax

15% deduction for CPWD and State PWD rate variation allowable when AO estimated construction cost based on valuation cell report using CPWD Rates

15% deduction for CPWD and State PWD rate variation allowable when AO estimated the cost of building construction based on the report of…

8 years ago
  • Income Tax

The Word record us 154 include all records available with AO. Rectification of Mistake not confined to mere clerical or arithmetical mistake-ITAT

The Word record us 154 include all records available with AO. Rectification of Mistake not confined to mere clerical or…

8 years ago
  • Income Tax

No Violation us 269SS-loan accepted passing journal entries. Penalty 271D can not be levied for acknowledgment of loan by passing journal entries

No Violation us 269SS-loan accepted passing journal entries. When the loan is accepted by acknowledgement of debt by passing journal…

8 years ago
  • Income Tax

Assessment u/s 263 based on judgement delivered after the date of original assessment bad

Assessment in pursuance of order u/s 263 based on a judgement subsequent to the date of original assessment cannot be…

8 years ago
  • Income Tax

Mere hiring of vehicle without any risk associated with the carriage of goods not a contract liable to TDS u/s 194C(2)

Mere hiring of vehicle without any risk associated with the carriage of goods does not amount to carrying out any…

8 years ago
  • Income Tax

AO cannot sit in the chair of the businessman and direct him to do business in a particular fashion

ITAT Visakhapatnam in a recent judgment has ruled that Assessing Officer cannot sit in the chair of the businessman and direct…

8 years ago