Courts: ITAT Visakhapatnam
Find latest ITAT Visakhapatnam judgments, orders and case laws on income tax covering assessments, deductions, capital gains, TDS, reassessment, additions and penalties.
Cash Receipts from Sales during Demonetisation cannot be added As Income if No Defect in Stock of Assessee
Disallowance u/s 14A cannot be made in absence of exempt income
Cancellation of section 12A Registration Not Mandatory under Circular No. 21/2016
Section 147: AO must act based on ‘reasons to believe’ & not on ‘reasons to suspect’
No addition for under invoicing merely based on Section 132(4) statement
Deduction u/s 54F Allowed Even if Construction of New House Commenced Prior to Transfer of Asset
Addition based on mere Whatsapp messages is not sustainable
No penalty on additional income admitted though there was no evidence
Section 56(2)(vii)(b) Not Applicable if It Is Not Enacted as on Date of Agreement
Section 68 Addition not Justified for Unexplained Deposit in Bank Account
Income-Tax Payment made by Assessee is Application of Income & it is Eligible for Deduction u/s 11
Waiver of Working Capital Loan Taxable u/s 28(iv) and not u/s 41(1)
No section 271E penalty if payments were genuine & duly accounted
Section 68 Addition justified for un-reconciled credit balance
ITAT Visakhapatnam judgments and orders deal with a broad range of appeals under the Income-tax Act. This page compiles Tribunal case laws concerning assessments, additions, deductions, exemptions, business income, capital gains, unexplained income, reassessment, TDS, penalties, limitation and procedural disputes. Taxpayers, companies, Chartered Accountants, advocates and tax professionals can use this dedicated category to research ITAT Visakhapatnam precedents and follow developments in direct tax litigation. TaxGuru brings together recent and significant earlier Tribunal decisions published on the website, providing a convenient resource for income-tax case-law research and appellate practice.
