Courts: ITAT Ahmedabad
2,451 articlesIncome Tax
Income Tax
Section 68 Cannot be invoked if Creditor’s Identity, Mode of Payment & Repayment proved
Income Tax
Income Tax
No Penalty for disallowance based on accurate particulars submitted during scrutiny
Income Tax
Income Tax
Recording of satisfaction mandatory prior to issuing notice u/s 153C & it should not be vague
Income Tax
Income Tax
Addition u/s 69 on account of untallied bank entries not sustainable where such entries duly recorded & reconciled in books
Income Tax
Income Tax
Exclusive Method’ of accounting is valid in absence of any notified standard by Department
Income Tax
Income Tax
CIT cannot interfere with discretion exercised by AO without any Plausible Reason
Income Tax
Income Tax
Disallowance of expenses on estimation, not allowed
Income Tax
Income Tax
Addition can’t be sustained in absence of cross examination of witness
Income Tax
Income Tax
Initiation of Proceedings u/s 153A not valid if no incriminating material found during search
Income Tax
Income Tax
Security services by Trust in confirmation to its objects for general public utility will be considered as “charitable” in Nature
Income Tax
Income Tax
Cancellation of Registration U/s 12AA(3) should be based on activities of Trust and not of Trustees
Income Tax
Income Tax
Sec.68- No addition where creditability of creditors established
Income Tax
Income Tax
Onus to prove that debts are irrecoverable gets satisfied, once bad debts w/off in books of accounts
Income Tax
Income Tax
