Courts: ITAT Lucknow
Find latest ITAT Lucknow judgments, orders and case laws on income tax covering assessments, additions, deductions, exemptions, reassessment, TDS and penalties.
Expenditure on improvement of Capital Expenditure needs to be supported by evidence
Gifts- Genuineness of NRE gifts
Where fair market value of the capital asset under transfer is less than the valuation as per Stamp Value Act
Liability can not be added to income just because they are old or not proved genuine
Recognition can not be denied U/s. 80G (5) only on the ground that the particulars of donors are not provided by Institution or fund
Payment made in cash for purchase from local producers either directly or through their agents and disallowance of expense u/s. 40A(3)
For proving a gift to be genuine Assessee need to prove existence of natural love and affection
Levy of penalty for declaration of in-genuine gift in revised return u/s. 139(5) of IT Act
No denial of Local authority status for non-election of members of assessee-Mandi Parishad
Notice u/s. 148(1) of IT Act when a valid return was pending assessment
Love and affection can be reflected by frequent acquaintance, mutual exchange of gifts, mutual help to each other
Onus for proving gifts as genuine is on Assessee but same is not fixed : ITAT Lucknow
Imposition of penalty on basis of findings given in assessment proceedings
Condition precedent for raising presumption under section 132(4A) read with section 292C of IT Act against a person searched
ITAT Lucknow judgments and orders cover appeals involving assessments and numerous other issues under the Income-tax Act. This page compiles case laws dealing with additions, deductions, exemptions, capital gains, business income, unexplained income, reassessment, TDS, penalties, limitation and procedural matters. Taxpayers, Chartered Accountants, advocates, businesses and tax professionals can use this dedicated category to locate ITAT Lucknow precedents and research income-tax controversies. TaxGuru updates the collection with relevant Tribunal decisions published on the website, providing convenient access to direct tax appellate case law.
