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.
Director Salary not excessive in absence of any material on record
Section 80IA(4)(iii): Deduction for approved industrial park cannot be denied by CBDT being merely a notifying authority
Assessment completed by AO relying on estimations cannot be remanded back by CIT to reverify some aspects of estimation relied on
Mere non-production of proof for dispatch of documents does not entail disallowance
In respect of Non-rural advances both provision and bad debts actually written off are allowable simultaneously
AO cannot go beyond the directions/ orders of CIT (A) while working under the order
Amount advanced for supply Material/Labour cannot be treated as deemed dividend U/s. 2(22)(e)
Revenue cannot be aggregated for determining ALP of software development services for two different sectors
Assessee making periodically RBI approved royalty payments to its AE, TPO not justified in determining ALP at Nil
Section 68 can’t be invoked if Transactions made are through proper Banking Channel & Assessee proves Identity & Genuineness
Charitable activities cannot be held as business merely due to charge of fee for rendering services
Genuine expenditure paid in cash cannot be disallowed u/s 40A(3)
Penalty proceedings can’t be initiated when there is reasonable cause of not complying with section 269S
Seizure of blank cheques during search can’t be treated as an unexplained investments in absence of Additional Evidence
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.
