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.
Mere Change of Opinion Cannot be Basis for Re-Opening of Assessment
No addition for gifts if Assessee proves Identity, capacity & genuineness of donor
Section 271C applies to both failure to deduct and pay TDS
Capital Gain payable on Transfer of Property to Builder through Sale Agreement alongwith POA
Tax on Salary of non-resident for services rendered outside India
No expenditure against exempt income to be disallowed in absence of exempt income
No section 271C Penalty if TDS duly deducted & remitted at year end
Addition u/s 68 was justified in respect of unexplained creditors shown as bogus
Notice u/s 148 to a dead person instead of legal heir was not valid
Section 271FA penalty not leviable in absence of reportable transaction
Assessment u/s 153C on non-recording of reasons & unsigned order sheet invalid
Addition U/s. 68 for Alleged unaccounted stock merely based on value of closing stock declared to banks is not sustainable
Sec 54 requires construction completion within 3 years irrespective of purchase date
Addition justified for unexplained deposits in undeclared bank account
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.
