Courts: ITAT Delhi
6,401 articlesIncome Tax
Income Tax
Penalty u/s 271(1)(b) not imposable as reasonable cause shown
Income Tax
Income Tax
New firm acquiring new plant & machinery is eligible to claim deduction u/s 80IC
Income Tax
Income Tax
No penalty under section 269SS and 269T if reasonable cause shown
Income Tax
Income Tax
AO has no power to reject method of valuation resorted in absence of any infraction
Income Tax
Income Tax
Mistake in accepting returned income instead of substituting with assessed income is apparent error rectifiable u/s 154
Income Tax
Income Tax
Amendment to section 36(1)(va) and 43B vide Finance Act, 2021 is effective from 01.04.2021
Income Tax
Income Tax
Penalty u/s 271(1)(c) not imposable when income assessed on estimate basis
Income Tax
Income Tax
Addition based on some dummy name without incriminating material is unjustified
Income Tax
Income Tax
Loss claimed arising out of sham transaction between two AE is disallowed
Income Tax
Income Tax
No transfer of assets in case of shifting of plant & machinery from fixed to current assets
Income Tax
Income Tax
Business promotion expenditure incurred during the course of business is allowable expenditure
Income Tax
Income Tax
Assessee being a local authority is not chargeable to Income tax
Income Tax
Income Tax
Order passed against a non-existing company is liable to be quashed
Income Tax
Income Tax
