Courts: ITAT Chandigarh
662 articlesIncome Tax
Income Tax
No Penalty for non disclosure of Income manner, if same was not asked during statement recorded U/s/ 132(4)
Income Tax
Income Tax
No charity in initial years cannot be sole basis for trust registration denial
Income Tax
Income Tax
Rule 46A – No contravention, as Arbitral Award not in nature of document/evidence, may be considered in any stage of proceedings
Income Tax
Income Tax
Under Mercantile method of accounting Loss in business can be booked in the year in which it is determined
Income Tax
Income Tax
Deduction u/s 54F may be claimed for deposits in capital gain scheme made up to date of return u/s 139(4)
Income Tax
Income Tax
Furnishing return of income is not mandatory for claiming exemption u/s 10(23C)(iiiad) if gross receipts less than 1 crore
Income Tax
Income Tax
Proviso to Sec. 201(1) and 2nd proviso to sec. 40(a)(ia) should be viewed in same manner
Income Tax
Income Tax
AO must give reason for rejecting books & estimating income by applying higher GP Ratio
Income Tax
Income Tax
Mere wrong claim of deduction did not give rise to penalty u/s 271(1)(C)
Income Tax
Income Tax
Exemption U/s. 10(23C)(iiiad) cannot be denied merely because assessee have objects other than education in its Trust Deed
Income Tax
Income Tax
CIT being a revisional authority not permitted to step into shoes of Assessing officer
Income Tax
Income Tax
Discount on shares under ESOPs is allowable expenditure
Income Tax
Income Tax
Merely because assessment order of AO is Brief & Cryptic it cannot be considered as erroneous & prejudicial to revenue interest
Income Tax
Income Tax
