Courts: ITAT Ahmedabad
2,451 articlesIncome Tax
Income Tax
Proceeding u/s 153C based on the basis of books of firm seized from place of partner is valid
Income Tax
Income Tax
Advances written off not allowable unless the same were for the purpose of business
Income Tax
Income Tax
Mere non production of cash purchase bills does not make Purchase bogus
Income Tax
Income Tax
No capital gain tax on revaluation of assets on conversion of firm into private limited company
Income Tax
Income Tax
No disallowance U/s. 43B for Interest payable on deep discount bond
Income Tax
Income Tax
Penalty for concealment of Income cannot be imposed if assessees explanation found bonafide
Income Tax
Income Tax
Addition based on mere third person evidence not sustainable
Income Tax
Income Tax
To claim deduction u/s. 80-IA(10) that infrastructure facility need not be owned by enterprise
Income Tax
Income Tax
Production of Paratha, Samosa, Dhokla etc is manufacture U/s. 10B
Income Tax
Income Tax
Fabric design constitutes Fees for Technical Services if design made available for manufacturing garments
Income Tax
Income Tax
Extra consideration for acquiring an asset cannot be disallowed if main purpose of the same is not tax evasion
Income Tax
Income Tax
S. 35(2AB)(1) ‘Drug trials’ expenditure on outside trial cannot be disallowed as trials can be carried in outside labs only
Income Tax
Income Tax
Cost of lease-hold land can’t be taken as NIL as same is not covered by sec. 55(2)(a)
Income Tax
Income Tax
