Courts: ITAT Ahmedabad
2,451 articlesIncome Tax
Income Tax
Deduction U/s. 80IB cannot be denied for mere non-filing of Audit Report alongwith return of income
Income Tax
Income Tax
Depreciation on electric fittings which are integral part of plant and machinery can be claimed at @25%
Income Tax
Income Tax
AS-7 is applicable to a “Contractor” and not to a “Developer”
Income Tax
Income Tax
Depreciation on vehicles cannot be disallowed merely because vehicles been registered in the name of partner
Income Tax
Income Tax
Penalty on legal heir without impleading as legal heir not sustainable
Income Tax
Income Tax
Exemption u/s 54EC can be availed by a Trust even if investments are made in the name of trustees or beneficiaries
Income Tax
Income Tax
Cash flow statement prepared on the basis of seized material cannot be ignored
Income Tax
Income Tax
Once the TDS deducted, credit of the same to be given to assessees, irrespective of year to which it relates
Income Tax
Income Tax
S. 80IA Option of choosing initial assessment year – ITAT distinguishes special bench judgment in case of Gold Mine Shares
Income Tax
Income Tax
S. 40A(2)(b) Loan taken from relatives cannot be compared with bank loan
Income Tax
Income Tax
S. 40A(3) No disallowance for cash payments made to ‘Broker’ who makes cash payments on behalf of the assessee
Income Tax
Income Tax
S. 40A(2)(b) Interest on loan @ 12% paid to related party can’t be considered as excessive
Income Tax
Income Tax
S. 40A(2)(b) Interest on unsecured loan from relatives @ 18% is reasonable
Income Tax
Income Tax
