Courts: ITAT Mumbai
5,841 articlesIncome Tax
Income Tax
Forfeited share capital is Capital Receipt & not taxable under section 56(2)(ix)
Income Tax
Income Tax
Foreign insurance policy not declared in return- Bonafide mistake – Penalty deleted
Income Tax
Income Tax
AO cannot treat donation given as Bogus without conducting any inquiry
Income Tax
Income Tax
Foreign tax credit against form 67 filed before completion of assessment is duly allowable
Income Tax
Income Tax
Revisional jurisdiction u/s 263 not invocable merely because PCIT may entertain different view
Income Tax
Income Tax
ITAT directs CIT(A) to examine if mandatory notice u/s 143(2) was issued by AO before issue of reassessment order
Income Tax
Income Tax
No violation of rule 46A as tally accounts produced before CIT(A) provided only better clarity
Income Tax
Income Tax
Addition u/s 69C merely because assessee dealt with suspected scrips is unsustainable
Income Tax
Income Tax
ITAT deletes addition for cash deposit during demonetization as appellant duly explained deposits
Income Tax
Income Tax
Addition u/s 69 based on loose papers sustained on failure to contradict facts found during search
Income Tax
Income Tax
Disallowance of short term capital loss merely based on information from investigation wing is unsustainable
Income Tax
Income Tax
Borrowing funds at higher rate & lending to director shows diversion of funds for non-business purpose
Income Tax
Income Tax
Bogus Purchases addition: ITAT restricts the same to 6.50% of such Purchase
Income Tax
Income Tax
