Courts: ITAT Mumbai
5,841 articlesIncome Tax
Income Tax
ITAT restricts addition for Bogus purchases to 5% of purchase
Income Tax
Income Tax
Money received for issuing shares has to treated a capital receipt and cannot be taxed
Income Tax
Income Tax
Upfront fees paid to AAI is a commercial right entitled to depreciation @ 25%
Income Tax
Income Tax
No Cessation of liability if Amount forfeited is subject matter of civil suit and cannot be taxed
Income Tax
Income Tax
Tribunal cannot pass order beyond 3 months of conclusion of hearing of appeal
Income Tax
Income Tax
Revised return not become invalid merely for filing after issue of Notice U/s. 143(2)
Income Tax
Income Tax
S. 69C Bogus Purchases: Right of cross-examination is not absolute
Income Tax
Income Tax
Payment by firm to ex-partners or to spouses of deceased partners cannot be treated as application of money
Income Tax
Income Tax
Addition justified for huge gifts on failure to prove genuineness
Income Tax
Income Tax
Gift of property in pursuance of family arrangement cannot be taxed
Income Tax
Income Tax
AO not justified in treating share application money as unexplained without rebutting evidences filed by Assessee
Income Tax
Income Tax
Commission paid to non-residents for services rendered abroad cannot be construed as incomes accrued or arisen in India
Income Tax
Income Tax
Interest on borrowed capital cannot be disallowed for Investment in subsidiaries out of Sufficient own funds
Income Tax
Income Tax
