Courts: ITAT Ahmedabad
2,451 articlesIncome Tax
Income Tax
On-money receipts taxable as unaccounted sales only to the extent of net profit rate
Income Tax
Income Tax
TDS to be deducted as per Tax Treaties rates even when PAN of non-resident payee not available
Income Tax
Income Tax
Addition based on mere statement without independent finding is unsustainable
Income Tax
Income Tax
Non-repayment of loan advanced to subsidiary company is allowable business loss
Income Tax
Income Tax
No penalty can be levied if income already taxed in the hands of another entity
Income Tax
Income Tax
Assessee cannot claim Section 54F exemption based on unregistered Banakhat agreement
Income Tax
Income Tax
Unexplained cash expense addition unsustainable as cash book and cash receipts not doubted
Income Tax
Income Tax
Addition on account of on-money receipts restricted to GP percentage i.e. 15%
Income Tax
Income Tax
TDS credit not allowable if Corresponding Income was not Offered to Tax
Income Tax
Income Tax
Denial of TDS credit as corresponding turnover reflected in earlier year is untenable
Income Tax
Income Tax
Carbon credit profit is capital receipt not taxable
Income Tax
Income Tax
Addition u/s 69 unsustainable as investment is out of NRI Repatriation funds
Income Tax
Income Tax
Disallowance u/s 14A cannot be subject matter of disallowance under 115JB
Income Tax
Income Tax
