ITAT Bangalore held penalty initiation under Sections 271D/271E must be noted in assessment order; temporary family loans without interest are not penalized as deposits.
ITAT Bangalore rules against adhoc expense disallowance without rejecting books of accounts, citing Karnataka HC’s stance in Konkan Marine Agencies case.
Explore whether sumptuary allowances for judicial officers are exempt from income tax. Analysis includes relevant laws, judicial interpretations, and implications under the Income Tax Act.
Explore the case of ACIT Vs Punj Lloyd Ltd. regarding disallowance of interest expenses on investments yielding exempt income. Understand legal aspects & decisions.
In a recent case, Madras High Court rules on reassessment proceedings against a struck-off company, highlighting the need for revival under the Companies Act.
Explore the case of ACIT (TDS) Vs Victor Hospitals & Medical Services Limited, where the ITAT Panaji determined TDS under Section 194J for consultant doctors.”
Explore Kalpesh Ganpatlal Patel Vs ITO case involving TDS on freight charges in trading business. Detailed analysis and conclusion of ITAT Ahmedabad’s decision.
In the case of Bharat Electronics Ltd. Vs ACIT (ITAT Bangalore), the reassessment was found void as it relied on a mere change of opinion without new evidence.
Learn about case of Smt. Maninder Kartik vs. DCIT (ITAT Delhi) regarding denial of exemption u/s 54 due to non-compliance and legal precedents that support taxpayer’s claim.
Read about case of ITO vs. Gammon Construction Pvt. Ltd. (ITAT Delhi), where inappropriate demand for evidence of a non-occurring event is discussed and resolved. Learn more here.
