Courts: ITAT Jaipur
Find latest ITAT Jaipur judgments, orders and case laws on income tax covering assessments, additions, deductions, exemptions, capital gains, reassessment, TDS and penalties.
Section 43(5)(d) applicable only on derivatives trading (future & options) and not on share trading
No separate addition can be made when net profit is estimated by rejecting book results
TP adjustment for intra group services not sustainable where receipt of services & its benefits are beyond any doubt
ITAT pulls Up CA for Seeking to Intimidate It by using derogatory, defamatory and contemptuous Language
Peak credit theory to be adopted for additions in respect of some unexplained credit entries in the bank statement
Private Limited Company is an Inanimate Person and no Personal Expenditure could be Attributed to it
Discount to distributors by telecom company is not in the nature of commission/brokerage
In transfer pricing, no risk adjustment desired for unquantified risk being no effect on ALP adjustment
Disallowance for bogus purchases should be restricted to reasonable profit % of such Purchases
For invoking reassessment proceedings, reasons has to be recorded & not conclusions
ITAT raises serious questions on professional competence and work ethics of CA
Section 54/54F – Amount paid towards booking is to be treated towards ‘construction’
Entitlement earned for carbon credits is a capital receipt and cannot be taxed as a revenue receipt
Gift – Addition justified if Assessee fails to prove financial capacity of Donor
ITAT Jaipur judgments and orders cover numerous issues arising in income-tax assessments and appeals. This page brings together Tribunal decisions relating to additions, deductions, exemptions, capital gains, business income, unexplained income, reassessment, TDS, penalties, limitation and procedural matters. Taxpayers, businesses, Chartered Accountants, advocates and consultants can use this collection to research ITAT Jaipur case laws and locate precedents relevant to their disputes. TaxGuru provides access to recent and significant earlier ITAT Jaipur decisions published on the website, helping readers follow developments in direct tax jurisprudence.
