Courts: ITAT Bangalore
2,100 articlesIncome Tax
Income Tax
Proviso to section 36(1)(iii) not applicable as sufficient internal cash accruals available
Income Tax
Income Tax
Depreciation u/s 32 allowable only when asset is put to use for business purpose
Income Tax
Income Tax
Compulsory convertible debentures not equity – Interest allowable
Income Tax
Income Tax
Reimbursement of salary for seconded employee cannot be taxed as FTS
Income Tax
Income Tax
Deduction u/s 80P(2)(a)(i)/ 80P(2)(d) not available on common interest earned from investment in co-operative banks
Income Tax
Income Tax
Section 54F Deduction allowed despite Non-Construction of New House within Prescribed Time Limit
Income Tax
Income Tax
Expenditure towards ESOP is allowable deduction u/s 37
Income Tax
Income Tax
Capitalized Expense shouldn’t be considered for computation of proportionate TP adjustment
Income Tax
Income Tax
Disallowance u/s 36(1)(va) sustained for non-deposit of employees contribution within relevant due date
Income Tax
Income Tax
Penalty order passed in the name of death person after death is invalid
Income Tax
Income Tax
Proviso to section 36(1)(vii) cannot be applied for disallowing deduction claimed on bad debts relating to non-rural advances
Income Tax
Income Tax
Bad debts relating to non-rural branches are allowable u/s 36(1)(vii)
Income Tax
Income Tax
No section 271B Penalty for not getting audited due to bonafide belief of non-applicability of Tax Audit
Income Tax
Income Tax
