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.
TP – Comparable with more then 15% related party transactions not justified
Trust can claim double benefit of depreciation and application of Income U/s. 11 on Fixed Assets
If cash payments not covered by exceptions provided under rule 6D expense is disallowable
S. 54F Exemption can be claimed for residential house purchased outside India
Losses of non Section 10A units cannot be set off against profit of 10A unit
Non-technical services can be taxed as business income only if Non Resident has PE in India
TPO only has to compute ALP & not suppose to comment on a transaction
Warranty provisions made on scientific & Reasonable basis is allowable
S.194H TDS not deductible on charges for of utilization of credit card facilities
No restriction in considering companies with either abnormal profits / losses as comparable to tested party, as long as they are functionally comparable
TPO can’t include functionally different Companies in comparables for transfer pricing adjustment
ITAT asked AO to determine if payment for software service is FTS or Royalty
Even if a claim is not made before AO, it can be made before appellate authorities
Disallowance U/s. 40A(2) is not required to be made for TP adjustments
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.
