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.
Assessment U/s. 153C not valid in Absence of incriminating material
Interest on fund temporarily parked in short term deposits is taxable as business income
Remuneration mutually agreed between partners is allowable if partnership deed permits the same subject to limit u/s 40(b)
If assessee fails to establish genuineness of expenses than AO can compute income on estimate basis
Addition U/s. 69 justified if assessee cannot furnish any explanation regarding source of receipt of money
Approval u/s 80G(5) cannot be denied at initial stages for not undertaking any activity or Substantial Activity
Donation received for specific purpose cannot be regarded as income u/s 2(24)(iia)
S.43B(f): provision for future leave encashment allowable in year of payment
No penalty for Failure to deduct TDS due to Wrong Classification of Payments
Goodwill is an asset eligible for depreciation U/s. 32 of I.T. Act, 1961
AO cannot treat activities of Trust as business without examining the same
Addition for non TDS deduction not justified if form 15G been obtained
Advance to Directors for Land Purchase cannot be treated as Deemed Dividend
Giving awards, felicitating eminent people and organizing public debates is not charitable activity
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.
