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.
Penalty u/s 271C justified for non-deduction of TDS on non-compete fee with no reasonable cause for non-deduction
Sect. 40(ba) will not be attracted in absence of Profit or remuneration to any JV member
ITAT refuses plea of ‘Wrong Legal Opinion’ of Assessee being director of a Company
TDS on execution of orders by one of the constituents of JV
Interest on FD made out of Share Capital under constraint is Capital Receipt
Penalty justified on additional income declared after discovery of same by AO
Reassessment not valid if time to issue notice U/s. 143(2) not expired
No deduction U/s. 54F for amount not invested in CGAS within period U/s. 139(1) or 139(4)
Even if a residential house consists of several independent units- Deduction U/s. 54 / 54F can be claimed
Share transaction via stock exchange evidenced by broker’s note not Bogus unless revenue prove otherwise
Transfer of property by way of GPA is not a valid transfer, So no capital gain arises
Rental Income inextricably linked with setting up of project is capital receipt
Re-Assessment merely on direction from Superiors is Invalid
No penalty for failure to get books audited for Bonafide belief of non-applicability of Audit
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.
