Courts: ITAT Mumbai
5,841 articlesIncome Tax
Income Tax
Deemed notional rent in respect of unsold flats held as stock in trade applicable wef AY 2018-19
Income Tax
Income Tax
Article 7 cannot come into play unless interest income is directly or indirectly attributable to PE
Income Tax
Income Tax
Shares, being tangible assets, depreciation not allowable u/s 32(1)(ii)
Income Tax
Income Tax
No section 271(1)(b) Penalty if assessment completed under section 143(3)
Income Tax
Income Tax
Section 263 jurisdiction cannot be exercised for substituting other possible view
Income Tax
Income Tax
No Section 271AAB Penalty if Search Proceedings were not initiated on assessee
Income Tax
Income Tax
When sales are not in doubt, then 100% disallowance for bogus purchases cannot be made
Income Tax
Income Tax
Disallowance of foreign exchange loss on buyer’s credit- ITAT remanded matter back to AO
Income Tax
Income Tax
Disallowance u/s 36(1)(va) deleted in absence of adequate intimation
Income Tax
Income Tax
Carry forward of capital loss, claimed via return filed u/s 153A, is unsustainable
Income Tax
Income Tax
Amount paid in excess of tangible asset value is goodwill which is eligible for depreciation
Income Tax
Income Tax
In case of parallel proceedings IBC, 2016 overrides Income-tax Act, 1961
Income Tax
Income Tax
No Section 271(1)(b) penalty where assessment is completed u/s 143(3)
Income Tax
Income Tax
