Courts: ITAT Mumbai
5,843 articlesIncome Tax
Income Tax
Sec. 80P Principle of mutuality applies to Transfer fees, Non-occupancy/ Car parking charges
Income Tax
Income Tax
Reassessment u/s 147 not permissible merely on change of opinion: ITAT
Income Tax
Income Tax
Addition in already assessed income not sustainable, in absence of any incriminating material found during search
Income Tax
Income Tax
Subsidy for wind power project being capital receipts neither taxable u/s 41(1) / 50 nor to be deducted in actual cost u/s 43
Income Tax
Income Tax
Municipal value is a bonafide method to determine ALV even if market value of rent is higher
Income Tax
Income Tax
Lease Premium Paid to CIDCO is a Capital Expenditure, Thus Not Liable to TDS
Income Tax
Income Tax
TP: Temporary price differentials occurring due to fluctuation in treatment charges should be ignored
Income Tax
Income Tax
Profit on Sale of Share immediately after conversion from Stock in Trade to Investment is Business Income
Income Tax
Income Tax
No Legal Bar on conversion of Stock in Trade to Investment
Income Tax
Income Tax
Penalty u/s 271(1)(c) cannot be levied in absence of intention to evade taxes & if treatment made by assessee was revenue neutral
Income Tax
Income Tax
Claim of export turnover if foreign exchange not realised in specified period u/s 80HHC tantamount to deemed concealment of income
Income Tax
Income Tax
Bogus Purchases: Addition solely based on sales-tax dept. info not sustainable
Income Tax
Income Tax
Flats to be constructed by vendee on behalf of co–owners does not constitute non–monetary consideration
Income Tax
Income Tax
