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.
Sum paid for acquisition of clients of another company is intangible asset and eligible for depreciation
Order of ITO cannot be branded as erroneous by CIT simply because order was not elaborate
Deduction U/s. 54F not allowable if constructed house are not habitable
Deduction U/s. 54F allowable even if construction is not complete if Assessee invests the amount within stipulated time
S. 54F Deduction not allowable if assessee owns more than ne residential house on the date of transfer
Non-Monetary Asset Transfer Is Not A Slump Sale U/s. 50B
Sec. 54 Expression ‘a residential house’ cannot be interpreted as ‘a single residential unit’
Leasehold Rights Are Eligible For Depreciation
Initiation of proceedings u/s 153C based on document seized from third party which neither mentions the name of the assessee or bears his signature is not justified
Transfer Pricing Law Not Applies to Share Investment Transactions
TP -Giant companies are not comparable with smaller pygmy companies
S. 54/54F exemption available on Investment in purchase of plot/land for construction of house
Exemption U/s. 54F not allowable on amount invested in construction before transfer of original asset
S. 54 Amount not utilized in construction of residential house within 3 years is taxable in the year in which period of 3 years expires
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.
