Courts: ITAT Ahmedabad
2,451 articlesIncome Tax
Income Tax
Amendment brought to cast TDS liability on individuals and HUF u/s. 194C do not applies to AY 2007-08
Income Tax
Income Tax
Discount offered against defective materials supplied can not be disallowed
Income Tax
Income Tax
Additions u/s 68 cannot be made merely because the affidavits filed by share subscribers were not attested by first class magistrate
Income Tax
Income Tax
For claiming Sec 80IB(10) benefits registered deed is not necessary
Income Tax
Income Tax
Repayment of capital to the partners in the form of uncrossed cheque would not be liable to penalty u/s 269T
Income Tax
Income Tax
Penalty attracted on Bank Interest not disclosed in Return despite non claim of TDS
Income Tax
Income Tax
When deductions claimed by the assessee are debatable, rectification order u/s 154 cannot be passed
Income Tax
Income Tax
Derivative transaction entered prior to notification defining Recognised Exchanges is also eligible to be treated as non speculative transaction
Income Tax
Income Tax
Unless there is positive act on part of creditor in current year providing benefit to assessee by way of remission, outstanding credit liability cannot be held to have been remitted in favour of assessee
Income Tax
Income Tax
When a payment is compensatory in nature and not related to any deposit/debt/loan, then such a payment is out of ambits of provisions of section 194A
Income Tax
Income Tax
Transfer Pricing – As other income of the assessee is excluded from the net profit, the other income of comparable companies should also be excluded from their net profit and the full data of the comparables should also be provided to the assessee
Income Tax
Income Tax
Carry forward of unabsorbed depreciation as per section 32(2) is automatic
Income Tax
Income Tax
Amount of brought business loss and unabsorbed depreciation is not required to be first set-off before computing the deduction allowable under s 80HHC for the purpose of computing book profits, matter remitted to make calculation under s 80HHC
Income Tax
Income Tax
