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.
Jurisdiction u/s. 263 cannot be invoked if Order is erroneous but not prejudicial to interest of revenue
Deduction u/s. 80-IA is to be allowed unit-wise without deducting losses in other unit
Depreciation is to be allowed even if not claimed in Return
Deduction u/s. 80-IB(10) cannot be denied for unauthorised excess construction
Trust imparting education irrespective of caste, creed & religion entitled to registration u/s 12AA
CIT can’t exercise revisionary power against a well reasoned order for mere disagreement with AO’s view
An appeal on mere apprehension of assessee that tax may be levied on him cannot be admitted
NRI (purchaser) liable to deduct u/s. section 195 on value of Property before making payment
Assessee not entitled to claim depreciation on an asset which has been written off from books
Addition for Investment in Shares / Mutual Fund based on mere AIR report not sustainable
Deduction u/s. 80-IA(4)(iv)(c) is available in respect of capital work-in-progress
Advance against property cannot be taxed as capital gain if possession not given
If Assessee challenges adoption of Section 50C than A.O. must refer valuation to Valuation Officer
TDS applicable only if the amount is expenditure or income of one of the party
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.
