Courts: ITAT Chandigarh
Find latest ITAT Chandigarh judgments, orders and case laws on income tax covering assessments, additions, deductions, exemptions, capital gains, reassessment and penalties.
No Exemption from MAT as Assessee is a developer not having any unit in a SEZ
Gift by individual to HUF is exempt same as a gift from HUF to its member
Assessment not valid if section 143(2) notice was not issued within time limit
Section 271AAB Penalty justified if surrendered stock was unaccounted
Income on account of undisclosed sundry debtors surrendered to be considered as deemed income u/s 69
Section 80IC deduction allowable despite 01 day delay in return filing
Commission not allowable in absence of evidence of rendering services
Tax cannot be levied on Loan Waived under one time settlement
No Netting of profit/loss of eligible units to calculate section 80-IC deduction
No disallowance of Interest on borrowed capital for Interest free advances if Sufficient own funds available
Set off of business losses against capital gains is not mandatory
Interest disallowance justified for Interest-free loan to sister concern for non-commercial expediency
Profit / losses of all undertakings are to be treated separately while calculating deduction u/s 80IC
Foreign travel expenses of MD of company for business purpose allowable
ITAT Chandigarh judgments and orders cover appeals involving a broad range of issues under the Income-tax Act. This page compiles Tribunal decisions on assessments, additions, deductions, exemptions, capital gains, business income, unexplained income, reassessment, TDS, penalties, limitation and procedural matters. Taxpayers, Chartered Accountants, advocates, businesses and consultants can use the ITAT Chandigarh category to locate relevant precedents and research income-tax disputes. TaxGuru updates this collection with Tribunal decisions published on the website, providing convenient access to recent and important earlier ITAT Chandigarh case laws.
