Explore the case of Dharani Developers Private Limited Vs ACIT, addressing whether fees paid to Registrar of Companies for enhancing working capital should be treated as revenue or capital expenditure.
In DCIT Vs Eko Diagnostic Pvt. Ltd., ITAT Kolkata rules that Section 2(22) of Income Tax Act doesn’t apply to non-beneficiary shareholders in loan-receiving companies.
Income Tax Dept. fails to file appeal on time, ITAT dismisses appeal citing insufficient explanation for delay. Detailed analysis of the case.
Read how ITAT Chennai directs re-adjudication in the dispute over remittance of employees’ contributions towards Provident Fund and ESI in Gurusamy Aadhinarayanan Vs ITO case.
ITAT Chennai directs AO to investigate fabricated financial statements regarding share application money, overturning CIT(A) decision. Read the full order.
ITAT Mumbai held that income by way of interest on loans given for residential purposes for period less than 5 years is eligible for deduction under section 36(1)(vii) of the Income Tax Act.
ITAT Mumbai held that the payment made towards interconnect usage charges to foreign telecom operators does not accrue or arise in India and in the absence of any permanent establishment in India could not be brought to tax in India under Article 7 of DTAA.
ITAT Mumbai held that once assessee’s claim of deduction u/s. 80IA of the Income Tax Act on Supa Wind Power Project 17 MW Unit has been accepted in the initial Assessment Year, the same cannot be denied in the subsequent Assessment Years.
ITAT Mumbai rules in favor of Ecokrin Hygiene Pvt. Ltd., deleting additions under section 41(1) of the Income Tax Act solely based on the expiration of the limitation period.
ITAT Delhi ruling: Loan advanced for repayment of business operation liabilities considered allowable as business expenditure under section 37(1) of the Income Tax Act.
