Courts: ITAT Mumbai
5,841 articlesIncome Tax
Income Tax
Sham Transaction cannot be alleged if other party is a statutory body
Income Tax
Income Tax
Subsidy as octroi duty refund to promote industrialization is a capital receipt
Income Tax
Income Tax
Section 40A(3) Disallowance via Section 143(1) intimation is untenable
Income Tax
Income Tax
Addition u/s 68 confirmed as amount credited in books lack genuineness
Income Tax
Income Tax
Addition only on the basis of retracted statement is unsustainable
Income Tax
Income Tax
ITAT remanded back penalty proceedings to AO for denovo adjudication as quantum was also referred back to him
Income Tax
Income Tax
Section 68 addition justified if creditors absconding & could not be produced before AO
Income Tax
Income Tax
Section 68 addition not allowed if Source of Fund Not Doubted by AO
Income Tax
Income Tax
In absence of documentary evidence addition for jewellery claimed as gift allowed
Income Tax
Income Tax
Section 80IB Deduction allowed on Sale of Scrap Generated during Manufacturing
Income Tax
Income Tax
In mercantile system, liability arisen in the year is allowable even if paid later
Income Tax
Income Tax
No royalty on payment for hardware supplied with software forming inseparable part
Income Tax
Income Tax
In absence of major infirmity or irregularity expenses cannot be doubted
Income Tax
Income Tax
