Courts: ITAT Chandigarh
662 articlesIncome Tax
Income Tax
Section 80IC deduction allowable despite 01 day delay in return filing
Income Tax
Income Tax
Commission not allowable in absence of evidence of rendering services
Income Tax
Income Tax
Tax cannot be levied on Loan Waived under one time settlement
Income Tax
Income Tax
No Netting of profit/loss of eligible units to calculate section 80-IC deduction
Income Tax
Income Tax
No disallowance of Interest on borrowed capital for Interest free advances if Sufficient own funds available
Income Tax
Income Tax
Set off of business losses against capital gains is not mandatory
Income Tax
Income Tax
Interest disallowance justified for Interest-free loan to sister concern for non-commercial expediency
Income Tax
Income Tax
Profit / losses of all undertakings are to be treated separately while calculating deduction u/s 80IC
Income Tax
Income Tax
Foreign travel expenses of MD of company for business purpose allowable
Income Tax
Income Tax
TDS not deductible on by-product retained by millers, as same was not passed on as Milling Charges
Income Tax
Income Tax
Trust penalized by ITAT for fraudulently seeking exemption as Govt Trust
Income Tax
Income Tax
Disallowance U/s. 36(1)(iii) justified for Interest-free loan to sister concern without commercial expediency
Income Tax
Income Tax
ITAT explains presumption theory that advances to sister concerns are made from own funds
Income Tax
Income Tax
