Courts: ITAT Mumbai
5,841 articlesIncome Tax
Income Tax
Penny Stock Transactions – No addition if no incriminating material found during search
Income Tax
Income Tax
No addition for amount deposited by NRI from his foreign Income in HSBC, Geneva account during his stay outside India
Income Tax
Income Tax
Addition For unexplained expenditure cannot be made on mere presumption
Income Tax
Income Tax
ITAT quashes Order as AO failed to provide copies of statements relied for making assessment
Income Tax
Income Tax
Section 272A(1)(d) penalty not leviable if reasonable cause for non-compliance shown
Income Tax
Income Tax
AO cannot change his opinion in immediate next assessment year without there being any change in facts
Income Tax
Income Tax
Penalty not sustainable when addition itself is on a weak footing
Income Tax
Income Tax
Reopening of assessment with incorrect reasons is bad in law
Income Tax
Income Tax
Expense on Pen drives, laptop adapters, batteries & hard disk are revenue expenditure
Income Tax
Income Tax
Section 40A(2)(b) not applies to loan given at lower interest rate for business purpose to related parties
Income Tax
Income Tax
Invalid IDS, 2016 Declaration not a Reasonable Cause for Non-filing of ITR- ITAT upheld section 271F penalty
Income Tax
Income Tax
Further Profit Attribution not required if Indian AE is remunerated at ALP
Income Tax
Income Tax
Section 54F- Source of funds is irrelevant & Possession date is Purchase date
Income Tax
Income Tax
