Courts: ITAT Rajkot
239 articlesIncome Tax
Income Tax
Section 269SS not attracted to Cash receipt from father’s proprietary firm
Income Tax
Income Tax
Penalty cannot be levied merely for addition during Quantum Proceedings
Income Tax
Income Tax
Addition for Cash Balance difference not sustainable unless corroborated by tangible materials
Income Tax
Income Tax
Undisclosed business receipts -Only a percentage of profit embedded can be taxed
Income Tax
Income Tax
Amendment to Section 40(a)(ia) restricting disallowance to 30% is retrospective
Income Tax
Income Tax
Principle of Peak Credit- Entire Cash Deposit cannot be Treated as Income without considering withdrawal
Income Tax
Income Tax
No Section 271(1)(c) penalty on debatable issue with conflicting views
Income Tax
Income Tax
Exemption u/s 10(23C)(vi) valid for institution existing solely for educational purposes
Income Tax
Income Tax
No Deemed Dividend If Loans & Advances in Normal Business benefits both Payer & Payee
Income Tax
Income Tax
Amendment to 6th proviso to section 139(1) applicable w.e.f. AY 2020-21
Income Tax
Income Tax
Section 54B deduction eligible on Advance Payment to Purchase Agricultural Land
Income Tax
Income Tax
TDS not deductible on payment for time charter of ships to non-resident
Income Tax
Income Tax
No Penalty under Wealth tax if AO not specifies that default relates to concealment and/or furnishing of inaccurate particulars
Income Tax
Income Tax
