Courts: ITAT Ahmedabad
2,451 articlesIncome Tax
Income Tax
No disallowance under s 40(a)(ia) can be made for non-deduction of tax under s 194C in absence of a continuous contract, oral or written
Income Tax
Income Tax
Claim of interest simpliciter not appeallable order before the CIT(A) under section 246A
Income Tax
Income Tax
Adjustment can not be made in the book profit u/s 115JB for the items which are not mentioned specifically in the explanation to section 115JB
Income Tax
Income Tax
Interest income earned by joint venture FDRs prior to 1 April 2008 exempt under Section 10(23FB) of the Income Tax Act, 1961
Income Tax
Income Tax
Vehicle hire charges falls within the scope of Section 194C not under section 194I
Income Tax
Income Tax
TDS on Payment to doctors under fixed salary and guarantee money scheme
Income Tax
Income Tax
Cash credit — Benefit of peak credit cannot be given to the assessee in the absence of any cash withdrawals and redeposit of the same
Income Tax
Income Tax
Exemptions and deductions available to Indian enterprises would also be granted to the US enterprises if they are carrying on the same activities
Income Tax
Income Tax
Once commissioner/brokerage is credited in P&L account of assessee broker and entire debit balance including principal and brokerage is found irrecoverable and is written off in books by assessee, same can be allowed as bad debt allowable u/s 36(1)(vii)
Income Tax
Income Tax
Without rejecting books of account regularly maintained, addition cannot be made only on basis of DVO’s report
Income Tax
Income Tax
Cessation of Liabilities- Liabilities reflected in balance sheet cannot be treated as cessation of liabilities
Income Tax
Income Tax
Penalty applicable in case of failure to disclose fully or truly all particulars of income
Income Tax
Income Tax
Royalty- Necessary ingredient for treating a payment as royalty is exclusiveness of right of a person over design or invention invented by him
Income Tax
Income Tax
