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.
Deal cancellation compensation expense cannot be claimed from Capital Gain
Reopening of assessment cannot be permitted merely on the ground of Survey
Notice U/s. 148 Issued during pendency of assessment proceedings is invalid
Mere Material found during survey not gives any authorization to AO to make assessment U/s. 153C & 153A unless the same evidences Income understatement
Assessment U/s. 153A- In absence of Incriminating material no addition can be made in respect of concluded assessments
Section 50C Market Value on sale deed date or stamp duty value on sale agreement date
Land cannot be classified as non-agricultural for mere agricultural activity absence
Mere share transfer agreement does not cause effective share transfer unless accompanied with Transfer form & Share Certificates
S. 35(2AB): AO bound to grant deduction if R&D facility is approved by competent authority
Retrospective amendment in expl. 5A to Sec 271(1)(c) not applicable if original return filed before Finance Act comes into force
Clash of titans, sec 192 Vs sec 206AA
Court/Tribunal can dismiss appeal for non-prosecution
Subscription to chit funds cannot be regarded as investment U/s. 13(1)(d) RW 11(5)
For Deemed Dividend, accumulated profits do not include current year’s business profit, since it accrues only at end of year
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.
