Courts: ITAT Visakhapatnam
252 articlesIncome Tax
Income Tax
Remuneration mutually agreed between partners is allowable if partnership deed permits the same subject to limit u/s 40(b)
Income Tax
Income Tax
If assessee fails to establish genuineness of expenses than AO can compute income on estimate basis
Income Tax
Income Tax
Addition U/s. 69 justified if assessee cannot furnish any explanation regarding source of receipt of money
Income Tax
Income Tax
Approval u/s 80G(5) cannot be denied at initial stages for not undertaking any activity or Substantial Activity
Income Tax
Income Tax
Donation received for specific purpose cannot be regarded as income u/s 2(24)(iia)
Income Tax
Income Tax
S.43B(f): provision for future leave encashment allowable in year of payment
Income Tax
Income Tax
No penalty for Failure to deduct TDS due to Wrong Classification of Payments
Income Tax
Income Tax
Goodwill is an asset eligible for depreciation U/s. 32 of I.T. Act, 1961
Income Tax
Income Tax
AO cannot treat activities of Trust as business without examining the same
Income Tax
Income Tax
Addition for non TDS deduction not justified if form 15G been obtained
Income Tax
Income Tax
Advance to Directors for Land Purchase cannot be treated as Deemed Dividend
Income Tax
Income Tax
Giving awards, felicitating eminent people and organizing public debates is not charitable activity
Income Tax
Income Tax
Deal cancellation compensation expense cannot be claimed from Capital Gain
Income Tax
Income Tax
