Courts: ITAT Mumbai
5,841 articlesIncome Tax

Income Tax
Penalty cannot be imposed for mere disallowance of Additional Depreciation
Income Tax

Income Tax
Violation of SEBI regulations by broker would not make assessee’s share transactions bogus
Income Tax

Income Tax
Disallowance U/s. 14A untenable in absence of Non-recording of satisfaction
Income Tax

Income Tax
Penalty U/s. 271(1)(c) for mere change of head of income is not justified
Income Tax

Income Tax
Amenity charges forming part of same transaction is assessable as House Property Income
Income Tax

Income Tax
No Penalty for Bonafide Mistake in original Return which was revised later
Income Tax

Income Tax
Bogus purchases: Assessee Failed to prove existence of parties, ITAT estimated net profit at 12.5%
Income Tax

Income Tax
Expenditure on improvement of existing business is revenue expense
Income Tax

Income Tax
AO cannot treat allotment letter as fake in absence of any evidence
Income Tax

Income Tax
Govt subsidy not related to any specific assets cannot be reduced from cost of asset
Income Tax

Income Tax
Compensation received for providing amenities is taxable as income from house property
Income Tax

Income Tax
Penalty for not getting accounts audited not leviable for bona fide reliance on ICAI ‘Note on Tax Audit U/s.44AB’
Income Tax

Income Tax
Addition based on mere print out from third party computer not sustainable
Income Tax

Income Tax
