Tag: section 10AA
There is no under reporting of income when tax paid u/s 115JB is more than normal tax – ITAT In a recent judgment, the ITAT Delhi has deleted penalty u/s 270A(9) holding that there is no underreporting of income when tax is paid on deemed MAT income u/s …
A claim for deduction can not be denied merely for not filing return of income within due date specified u/s 139(1) in absence of any specific provision – ITAT ABCAUS Case Law Citation:ABCAUS 3724 (2023) (04) ITAT Important Case Laws relied upon:M/s. Saffire Garments Vs. Income Tax OfficerCIT …
Transfer of capital from proprietorship to partnership was not reconstruction u/s 10AA, dis entitling the assessee firm the benefit of exemption-High Court ABCAUS Case Law Citation: ABCAUS 2136 (2017) (11) HC The Revenue has filed two appeals assailing the judgment and order of the Tribunal whereby tribunal had dismissed …
