ITAT functioning from 17.3.2020 to 27.3.2020 restricted due to corona virus to urgent matters only. Read order of ITAT President…
Additional depreciation u/s 32(1)(ii) on Capital Work in Progress converted into plant and machinery during the year is allowable -…
Forming opinion on the basis of information received by Investigation wing does not amount to satisfaction of the AO to…
Document pertaining to earlier year also constitutes record and if the same is over-looked, it amounts to a mistake apparent…
Unrecoverable out of pocket expenses allowable u/s 37(1) as business loss though not admissible as bad debts written off u/s s 36(1)(vii) -…
No disallowance us 40aia if Form 15G 15H not furnished to Commissioner as there is no liability to deduct TDS.…
Expenditure allowed in assessment proceedings can not be restricted/disallowed in rectification proceedings u/s 154 which has a limited scope - ITAT…
Wheel loaders, Graders are Motor vehicles and are certainly eligible for higher depreciation rate at 40% as per Appendix I…
No TDS late deposit interest if cheque deposited in bank within due date in view of CBDT Circular No. 261…
Debts written off in the same/first assessment year eligible for deduction u/s 36(1)(vii) as after the amendment w.e.f. 1st April…