Courts: ITAT Kolkata
1,704 articlesIncome Tax
Income Tax
Assessee not eligible for deduction u/s 80IB on the amount disallowed by AO due to delayed payment of employee’s contribution of P.F
Income Tax
Income Tax
Expenses reimbursed to recreation clubs and staff clubs of employees are revenue in nature
Income Tax
Income Tax
S. 50C -Fair Market Value assessed by DVO to be adopted even if its lower than stamp duty valuation
Income Tax
Income Tax
Income derived from repair and maintenance not eligible for Sec 80IB benefits – ITAT Kolkatta
Income Tax
Income Tax
Sec. 269SS Penalty cannot be imposed if cash loan was taken to meet business needs
Income Tax
Income Tax
Losses adjusted in the books under corporate reorganization are available for set off in computing book profit under MAT provisions
Income Tax
Income Tax
Ad hoc disallowance of foreign tour expenditure not sustainable without questioning the business purpose of the trip
Income Tax
Income Tax
Penalty imposable on Income declared in revised return filed after detection of concealment
Income Tax
Income Tax
FBT is payable even in the absence of any taxable income
Income Tax
Income Tax
S. 263 CIT not permitted to substitute his views with AOs view about computation of income
Income Tax
Income Tax
For allowability of Employees’ contribution to ESI and PF due date of ROI is relevant
Income Tax
Income Tax
Royalty agreement renewed is in substance a new agreement & therefore entitled to lower rate of withholding tax
Income Tax
Income Tax
The assessee is not entitled to adjustment of 5 per cent as stipulated u/s 92C(2), where only one of the several methods specified u/s 92C(1) is applied by the assessee to determine the ALP
Income Tax
Income Tax
