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.
S. 80(IB)(10) Deduction not allowable on failure to furnish completion certificate of housing project
No disallowance U/s. 10A for mere higher profits if the same is not found to be for tax avoidance
Companies, whose employees or directors are involved in fraud, should not be accepted as comparable
Depreciation not allowable if Assessee is not the owner of the Asset either wholly or partly
TDS U/s. 194C not applicable on machine hiring without manpower
Interest paid on business loan cannot be netted against interest on fixed deposits
Assessee can claim exemption under both Sec. 54 & 54F for investment in same house
No advance tax & Interest Payable on Commission treated as salary by AO
TPO can select method other then the one selected by Assessee to determine true income
Assessee not allowed to raise same issue again in the guise of rectification before ITAT
Educational institute with profit motive may claim exemption U/s. 11
Power to rectify a mistake u/s. 254(2) cannot be used for recalling entire order
CIT can exercise power u/s. 263 to set aside non-speaking arbitrary order passed by AO
In the absence of benefit to company advance from company taxable as deemed dividend
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.
