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.
Machinery rent cannot be taxed as Income from House Property for TDS deduction under wrong head
S. 50C Bonafide transaction without alleged higher receipt not covered
Value of property under deeming provision u/s 50C need to be considered as on the date of agreement of sale
Additions made violating principles of natural justice are void ab initio
Depreciation should be considered for evaluating operating results of comparables
Voluntary disclosure does not release assessee from mischief of penal proceedings
Expenses not charged to P&L cannot be adjusted to income in TP adjustment
Education Society can claim depreciation in respect of assets, cost of which is claimed by them as application
Receipt already taxed in the head of sub-contractor cannot be disallowed to contractor considering same as inflated expense
In absence of supportings addition to existing house may not be treated as construction of new house
Sec.10A- Communication cost in absence of profit element is to be excluded from total & export turnover
Character of land at the time of sale relevant to consider nature of income, period of holding not relevant
Approval u/s 80G(5) could be granted if certificate u/s 12A is not withdrawn
Sec. 271(1)(c) No Penalty for addition U/s. 50C if Assessee furnishes all details
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.
