Courts: ITAT Hyderabad
1,142 articlesIncome Tax
Income Tax
MAT u/s.115JB is payable even on exempt income
Income Tax
Income Tax
Whenever assessee incurs expenditure for repair and maintenance of a building taken on lease for carrying on its business activity, it has to be allowed u/s 30(a)(i) provided same does not fall in capital field
Income Tax
Income Tax
Reimbursable expenditure cannot form part of fee payable for technical services under Indo-US DTAA
Income Tax
Income Tax
Expenditure in the nature of reimbursement cannot fall within the purview of fees for technical services
Income Tax
Income Tax
R&D expenditure has to be apportioned between agricultural and non-agricultural activities and portion attributable to non-agricultural activities is to be allowed as deduction in computing taxable income
Income Tax
Income Tax
There is nothing in language of section 13(1)(b) to suggest that an institution of mixed objects is precluded from getting registration under section 12AA
Income Tax
Income Tax
Assessee not entitled to depreciation on a plant which is not in operation since its capitalization
Income Tax
Income Tax
In assessment proceedings pursuant to order under section 263 assessee cannot seek to show that there was some other benefit in favour of revenue which was prejudicial to interest of assessee
Income Tax
Income Tax
Only when assessee is able to offer reasonable explanation, based on some evidence, Assessing Officer cannot invoke Part B of Explanation to section 271(1)(c)
Income Tax
Income Tax
Tax on Income from building let out with other assets
Income Tax
Income Tax
If a Municipality is not notified by the Central Government, the agricultural land falling therein cannot be treated as capital asset by taking the distance from the limits of other Municipality
Income Tax
Income Tax
Penalty cannot be levied u/s 271D for receiving cash from borrower by a lender in violation of section 269SS
Income Tax
Income Tax
Assessee-employer not hit by retrospective insertion of Explanation 1 to section 17(2) in absence of any such extension of retrospective effect either in section 192 or section 201
Income Tax
Income Tax
