Courts: ITAT Guwahati
47 articlesIncome Tax
Income Tax
ITAT directs AO to estimate Income from business of purchase & sale of Fish at 4%
Income Tax
Income Tax
Addition only for net profit element embedded in alleged undisclosed sale if purchase not doubted
Income Tax
Income Tax
No penalty if Assessee revises return before completion of Assessment & correct Bonafide mistake
Income Tax
Income Tax
TDS not deductible on salary, bonus, commission or remuneration credited by firm to partners
Income Tax
Income Tax
ITAT restore issue of claim of brought forward loss to CIT(A) for passing speaking order
Income Tax
Income Tax
Section 41(1) of Income Tax Act doesn’t apply till liability is not written off in the books
Income Tax
Income Tax
Capital subsidy liable to be excluded from computation of book profit
Income Tax
Income Tax
AO cannot made addition under section 68 despite furnishing of confirmations on flimsy Grounds
Income Tax
Income Tax
Valid issuance of notice u/s 143(2) mandatory for framing scrutiny assessment
Income Tax
Income Tax
Higher profit rate cannot be estimated merely based on suspicion & conjectures
Income Tax
Income Tax
No Addition u/s 40A(3) for Advance Returned Back to Customer in Cash
Income Tax
Income Tax
Important Insights from the case of Abdul Hamid Vs ITO
Income Tax
Income Tax
Limited Scrutiny cannot be converted to Complete Scrutiny without following CBDT Circular
Income Tax
Income Tax
