Courts: ITAT Hyderabad
1,179 articlesIncome 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
Once estimation of income is made, further disallowances u/s. 40(a)(ia) are not warranted
Income Tax
Income Tax
Revised return which is a defective return filed under any of the provisions of the IT Act can be rectified
Income Tax
Income Tax
True character of receipt in the hands of assessee can not be judged by utilization thereof
Income Tax
Income Tax
Discount can not be treated as brokerage or commission u/s. 194H in the absence of existence the relationship of principal and agent
Income Tax
Income Tax
Terminal allowance under clause(iii) of section 32(1) available only to power generating units
Income Tax
Income Tax
