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.
Increase in tax liability would correspondingly reduce the amount refundable & also interest payable on such reduced refund
Interest expenses not allowable if used for acquisition of capital asset & not put to use
Income from unknown sources u/s 68 cannot be taxed as income from other sources
Payment to ESI department for delay allowable under section 37(1)
Penalty U/s. 271D for Contravention of section 269SS not leviable if assessee provides reasonable cause
Trust Registration cannot be cancelled for unexplained expendture incurred on the objects of trust
No Penalty for wrong / non furnishing of PAN in TDS return if Asseee files later revised return with Correct PAN
Without reference assumption of jurisdiction by Transfer Pricing Officer in working out arm’s length price not justified
Gift Received by the Assessee on the ocassion of his Daughters Marriage is taxable
Legal fiction u/s 50C cannot mean that deemed sale amount of property is actually received
Disallowance u/s. 14A cannot exceed exempt income, No S. 14A Disallowance in the absence of nexus between exempt Income and Interest Cost
Addition sustainable if assessee fails to rebut unexplained investment
Co-operative society eligible for deduction u/s 80P(2)(a)(i) on Interest Income from banks
Sec 50C – Fair market value assessed by DVO cannot be adopted for computing capital gain
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.
