Courts: ITAT Bangalore
Find latest ITAT Bangalore judgments, orders and case laws on income tax covering assessments, transfer pricing, deductions, capital gains, TDS, reassessment and penalties.
Claim of non-recovery of advances to employees/vendors as business loss was remanded back to AO.
Amendment to section 36(1)(va)/43B imposing liability on Assessee applicable from 01.04.2021
ITAT restores issue of Eligibility to claim depreciation on goodwill to AO
Section 14A disallowance restricted to exempt income earned during the year
Reclamation & rehabilitation expenditure allowable under section 37(1)
Guarantee Commission is not a ‘Levy’ for Disallowance u/s 40(a)(iib): ITAT
Section 43B is of no consequence to judge applicability of section 36(1)(va)
Depreciation allowable on home-theatre used for business purpose
Amendment in section 36(1)(va) & 43B applicable from 01.04.2021
Comparables with turnover less than Rs. 200 Cr cannot be compared with comparables having turnover more than Rs. 200 Cr.
Amendment in section 43B & 36 cannot be applied retrospectively
Companies with turnover of less than Rs. 200 crores cannot be compared with companies having turnover exceeding Rs. 200 crores
An agreement shall reflect a true commercial substance of transaction
Section 54F exemption available on Multiple Flats obtained under JDA
ITAT Bangalore judgments and orders form an important body of income-tax appellate jurisprudence. This page brings together ITAT Bangalore case laws concerning assessments, business income, deductions, exemptions, transfer pricing, international taxation, capital gains, TDS, reassessment, unexplained income, penalties and procedural disputes. Companies, taxpayers, Chartered Accountants, advocates and tax professionals can use this collection to research Tribunal precedents and follow developments under the Income-tax Act. TaxGuru provides access to recent as well as significant earlier ITAT Bangalore decisions, making this page a useful reference for direct tax research and appellate practice.
