Courts: ITAT Kolkata
1,704 articlesIncome Tax
Income Tax
Addition on account of expected rent higher than actual rent received is not sustainable
Income Tax
Income Tax
MAT provision applicable on banking companies only prospectively w.e.f. AY 2013-14 onwards
Income Tax
Income Tax
No addition u/s 69 where investment along with its source recorded in seized documents
Income Tax
Income Tax
Disallowance of expenses where liability crystallized in the year but payment due later is not maintainable
Income Tax
Income Tax
General printed Notice imposing Penalty u/s 271(1)(C) is not sustainable
Income Tax
Income Tax
Re-opening u/s 148 based on of revisiting of existing material is bad in law
Income Tax
Income Tax
Amount received from client by Solicitor in capacity of principal and agent is not income
Income Tax
Income Tax
Aggregation of income to be done before applying section 73
Income Tax
Income Tax
Speculative loss can be carried forward even if revised return claiming loss is filed u/s 139(5)
Income Tax
Income Tax
Share application money not to be included in average investment in disallowance u/s 14A r.w. Rule 8D
Income Tax
Income Tax
Interest income on NPA need not to be accrued in books of account in case of Bank and NBFCs
Income Tax
Income Tax
Mutual Transactions can’t come under section 2(22)(e)
Income Tax
Income Tax
S. 40A(3) Purchase of poultry feeds falls under exceptions clause provided in Rule 6DD(e)
Income Tax
Income Tax
