Armasol Properties Pvt. Ltd. vs. ITO (ITAT Kolkata) case analysis. ITAT allows expenses under section 24(a) of Income Tax Act. Detailed article on the ruling and its implications.
Mumbai ITAT ruling in Canara Bank vs. ACIT case clarifies TDS liability when taxpayer unaware of subsequent TDS certificate. Detailed analysis & implications.
Chennai ITAT’s ruling in Bharat Engineering Construction Co. Pvt. Ltd. vs. ACIT clarifies eligibility for Sec 80IA deduction based on the nature of work executed. Detailed analysis provided.
Dive into the case of Pravinbhai Mumabhai Bharwad vs ITO as ITAT Ahmedabad annuls addition under section 69A, highlighting oversight of cash deposit proofs by AO and CIT(A).
ITAT Kolkata nullifies an assessment order under the Income Tax Act, ruling that framing an assessment in the name of a non-existing entity is void ab-initio.
Dive into Prakash Industries Ltd vs ACIT case dissected by ITAT Delhi, detailing FBT exemptions for transport services and medical expenses reimbursement, with expert insights.
Read about Durgapur Steel Peoples’ Cooperative Bank Ltd vs Director of Income Tax case. ITAT Kolkata rules that non-filing of SFT return isn’t grounds for penalty under Section 271FA.
ITAT Kolkata held that foreign Associated Enterprises are least complex entities and accordingly can be treated as tested parties for comparability analysis of international transaction.
ITAT Visakhapatnam has held that if working capital adjustment on ALP has been already factored in pricing/ profitability vis-à-vis that of its comparables, then, no separate upward adjustment on outstanding receivables is required.
ITAT Mumbai held that business restructuring entered into by an enterprise with its associated enterprise for eliminating duplicate corporate procedures falls within the ambit of “international transaction” as defined in section 92B of the Income Tax Act.
