Courts: ITAT Ahmedabad
2,451 articlesIncome Tax
Income Tax
Disallowance u/s 14A, suo moto or otherwise, not sustainable if interest free funds exceeds tax free investments
Income Tax
Income Tax
Non TDS deduction disallowance not sustainable if payee discharges his tax liability
Income Tax
Income Tax
Interest Expense would be allowed only if there is nexus between Expense and Income Earned
Income Tax
Income Tax
Tolerance margin (+/-) 5% u/s 92C (2) available only where variation between ALP and Actual price limited to this range
Income Tax
Income Tax
AO cannot reject entire books of accounts on insignificant defects having minuscule impact on profit
Income Tax
Income Tax
Loss on securities held for trading and classified as available for sale under RBI guidelines is business loss
Income Tax
Income Tax
Depreciation cannot be allowed forcefully if not claimed by Assessee
Income Tax
Income Tax
Deduction u/s 80IB(10) cannot be denied to developer for mere P&L presentation without appreciation of facts
Income Tax
Income Tax
Sec 80IB(10) 5% Commercial Area Restriction applicable from 01-04-2005
Income Tax
Income Tax
AO cannot disallow loss for mere non-maintenance of qualitative stock records
Income Tax
Income Tax
Penalty u/s 271(1)(c) cannot be levied for mere Assessment of Income at higher Percentage
Income Tax
Income Tax
Deduction u/s 80IB(11A) allowable from A.Y in which business commences
Income Tax
Income Tax
Re-opening due to mere audit objection not valid
Income Tax
Income Tax
