During the course of a survey, it was seen that the assessee had defaulted in deducting tax at source on interest paid to AGE Patel Joint Venture (JV) in Financial Year (FY) 2016-17 on Mobilisation advance and Machinery advance.
ITAT Mumbai ruled that a show-cause notice must be issued before rejecting an 80G application. The case involved a trust’s inadvertent filing error.
ITAT Mumbai sets aside tax addition against Smt. Vimladevi Jain, ruling no income was credited to books and Section 68 was inapplicable.
ITAT Mumbai quashes Sec 263 revision in Narayan Rane’s case. Holds AO took plausible view, order not erroneous & prejudicial despite Pr. CIT alleging lack of inquiry.
ITAT Mumbai rules on gift tax for step-siblings. Case examines relative definition under Section 56. Legal analysis of tax implications.
ITAT Mumbai held that disallowance of claim of depreciation in respect of 3G spectrum charges is not justified. Accordingly, depreciation on 3G spectrum charges allowed under section 32(1)(ii) of the Income Tax Act.
ITAT Mumbai sends Anjuman E Farogh E Islam Trust’s appeal back to CIT(A) for fresh hearing, citing insufficient opportunity to present expense details.
No Section 56(2)(x) addition for reduction in agreement value due to increase in Goods and Services Tax (GST) rates effective from July 1, 2017: ITAT Mumbai
ITAT Mumbai sends Simple Vedas Foundation’s 12AB & 80G rejection cases back to CIT(E) for fresh assessment after insufficient opportunity to submit details.
ITAT Mumbai dismisses ITO’s appeal against Pamela Pritam Ghosh, upholding Section 54 exemption for property purchase in Australia before the 2014 amendment.
