Courts: ITAT Ahmedabad
2,451 articlesIncome Tax
Income Tax
If Quantum appeal restored back to AO for de novo adjudication then penalty proceeding too deserves to be restored back
Income Tax
Income Tax
CIT (A) cannot pass the order without adjudicating on the plea of the Assessee
Income Tax
Income Tax
Only Death Certificate of lender is not sufficient to to prove the identity of the lender, genuineness of the transaction and creditworthiness of the lender
Income Tax
Income Tax
In case the AO finds that practically the land has been bought by the Developer and Developer has all dominant control over the project and has developed the land at his own cost and risks, the AO should allow the deduction to the assessee u/s 80IB(10)
Income Tax
Income Tax
For under Construction Flat Purchased from Builder date of allotment crucial for calculating Capital Gain and deciding Long Term or Short Term
Income Tax
Income Tax
No interest levy despite short deduction of taxes if reasons are bona fide and the shortfall is nominal
Income Tax
Income Tax
When the assessee-society acts as an intermediate between the company and the members of the society, and the fact that there is no relationship between the assessee and its members as contractor and contractee, section 194C does not get attracted and no disallowance could be made u/s 40(a)(ia)
Income Tax
Income Tax
Whether the penalty can be levied u/s 271D / 271E for the amount received and repaid in cash in the hands of the assessee company though as per the statement of the lender the amount was given to and repaid by the directors in their individual capacity
Income Tax
Income Tax
Scrap not generated out of manufacturing activities carried out by assessee-Whether tax deductible under section 206C
Income Tax
Income Tax
Retraction of statement cannot be made even without any strong supporting evidence and mere mention of ill health not sufficient to disprove the contents of nine month old statement
Income Tax
Income Tax
Section 40 (a) (ia) applies even in respect of amount paid & not merely payable to contractors
Income Tax
Income Tax
Expenses incurred for maintenance of building structure owned by the assessee and for the safety of the employees is revenue in nature
Income Tax
Income Tax
In view of the provisions of section 112 where there are several transactions of sale and purchase of securities, the discretion to take the benefit of indexation lies with assessee
Income Tax
Income Tax
