Courts: ITAT Hyderabad
1,142 articlesIncome Tax
Income Tax
Expenses incurred by manufacturer and seller of pre-recorded audio cassettes and CDs on acquisition of intangible asset is to be treated as revenue expenditure
Income Tax
Income Tax
Return treated as non est and ‘invalid’ cannot be treated as allowance or deduction – So Interest waived by bank cannot be charged to tax under s. 41(1)
Income Tax
Income Tax
Commission to a foreign agent without tax deduction for services outside India cannot be disallowed
Income Tax
Income Tax
Deduction u/s. 54B & Advance for purchase of agricultural land
Income Tax
Income Tax
Corporate guarantee provided to associated enterprises is not an international transaction
Income Tax
Income Tax
Word ‘erroneous’ in section 263 includes failure to make an enquiry by the AO
Income Tax
Income Tax
Reimbursement of expense received in connection with the rendering of consultancy services not taxable as ‘fees for technical services’
Income Tax
Income Tax
Transfer Pricing – Pygmies Not Comparable With Giants
Income Tax
Income Tax
Transfer of a ‘specific sale contract with a client’ is covered under the expression ‘right to manufacture, produce or process any article or thing’ under Section 55(2)(a) of the Income-tax Act, 1961 and hence taxable as capital gains
Income Tax
Income Tax
No Penalty for mere making of a claim which is not sustainable
Income Tax
Income Tax
Selling and publicity expenses can be disallowed merely on the basis of statement of an auditor – ITAT Hyderabad
Income Tax
Income Tax
Payment for advisory services and opinions for improvement of existing facilities in the hotels for meeting international standards would not fall within ambit of ‘fees for included services’ under India USA Treaty
Income Tax
Income Tax
If assessee show that there was reasonable cause for taking money in cash, and amount did not also represent unaccounted money either of assessee or of persons from whom they were taken, normally it is sufficient to hold that penalty under section 271D is not justified
Income Tax
Income Tax
