Courts: ITAT Hyderabad
Find latest ITAT Hyderabad judgments, orders and case laws on income tax covering assessments, transfer pricing, deductions, capital gains, TDS, reassessment and penalties.
Sec. 40A(3) applies only to revenue expenditure debited to P&L account
S. 271D / 271E Penalty not leviable on genuine Cash transaction of convenience
Jurisdiction U/s. 263 cannot be assumed for non-communication of Form 3CL by DSIR to DIT (E)
Weighted deduction u/s 35(2AB) on expenditure outside the R & D unit
Tax on Income from mushrooms grown in controlled conditions
Mushrooms are fungus and Income from production & sale of Mushrooms is ‘agricultural income’
Exemption U/s. 11 cannot be denied for Mere collection of fees for water Testing
No addition separately for bank deposits when Income been assessed on estimated basis
TDS not deductible on Advance Received towards Professional Fee which is returned back
No disallowance for purchase of old Gold from customer against sale of new ornaments
No addition separately for Scrap Sales when Income been assessed on estimated basis
Apportionment of expense on R&D and ESOP having no nexus with products manufactured in exempted units not justified
TP: Provision for bad & doubtful debt & bad debts written off are operating expenses
Addition on the basis of bounced cheques- ITAT Slams Revenue officials
ITAT Hyderabad judgments and orders cover a broad range of disputes under the Income-tax Act. This TaxGuru page brings together decisions involving assessments, business income, deductions, exemptions, capital gains, transfer pricing, international taxation, TDS, reassessment, unexplained income, penalties and procedural matters. Taxpayers, companies, Chartered Accountants, advocates and tax professionals can use the ITAT Hyderabad category to research relevant Tribunal precedents and monitor developments in direct tax litigation. The collection includes recent and significant earlier decisions published on TaxGuru, providing a useful resource for income-tax appellate research.
