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.
Deduction u/s 80IC cannot be claimed for more than 5 years for units Set Up in specified areas in Himachal Pradesh
S. 80IA Initial assessment year means 1st year opted by assessee for deduction
Registration u/s 12AA cannot be denied for mere non filing of ITR
S. 80IC: Despite substantial expansion there cannot be two initial A.Y.
No Penalty for non disclosure of Income manner, if same was not asked during statement recorded U/s/ 132(4)
No charity in initial years cannot be sole basis for trust registration denial
Rule 46A – No contravention, as Arbitral Award not in nature of document/evidence, may be considered in any stage of proceedings
Under Mercantile method of accounting Loss in business can be booked in the year in which it is determined
Deduction u/s 54F may be claimed for deposits in capital gain scheme made up to date of return u/s 139(4)
Furnishing return of income is not mandatory for claiming exemption u/s 10(23C)(iiiad) if gross receipts less than 1 crore
Proviso to Sec. 201(1) and 2nd proviso to sec. 40(a)(ia) should be viewed in same manner
AO must give reason for rejecting books & estimating income by applying higher GP Ratio
Mere wrong claim of deduction did not give rise to penalty u/s 271(1)(C)
Exemption U/s. 10(23C)(iiiad) cannot be denied merely because assessee have objects other than education in its Trust Deed
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.
