Courts: ITAT Mumbai
5,841 articlesIncome Tax
Income Tax
Diagnostic Labs to deduct TDS on discount given to hospitals/laboratories U/s. 194H
Income Tax
Income Tax
If absence of exempt income disallowance u/s 14A not warranted
Income Tax
Income Tax
Transfer of right to carry on business by transferee carrying on business would be taxable as capital gain
Income Tax
Income Tax
Advertisement expenditure after Censor Board Certification allowable as business expenditure u/s 37
Income Tax
Income Tax
Penalty u/s 271(1)(c) cannot be imposed where declaration of income is bonafide & no irregularities found by AO
Income Tax
Income Tax
Expenses on News/TV programs/Film rights not having enduring benefit allowed as revenue expenditure
Income Tax
Income Tax
Plausible view by AO being not an erroneous view, revision u/s 263 not sustainable
Income Tax
Income Tax
Mere mismatch of description cannot be a reason to treat the same as unexplained
Income Tax
Income Tax
Electricity duty is not a tax, duty cess or fee, section 43B is not attracted in respect of electricity duty collected by MSEB
Income Tax
Income Tax
Expense on feasibility study report for establishing BPO business for assessee’s own function is revenue in nature
Income Tax
Income Tax
Transfer of lease right in land and transfer of building being two different assets, Sec.50 applicable only on transfer of building
Income Tax
Income Tax
Re-opening being exceptional power, revenue to comply pre-requisite condition of ‘reasons’ strictly
Income Tax
Income Tax
Payment of broken period interest will be allowed as a business expense
Income Tax
Income Tax
