Courts: ITAT Mumbai
5,841 articlesIncome Tax
Income Tax
Addition u/s 68 on account of share application money not justified where validity of transaction beyond doubt
Income Tax
Income Tax
Income which an assessee could have, but has not earned cannot be made taxable as income accrued
Income Tax
Income Tax
CIT to form a Prima-facie opinion w.r.t erroneous and prejudiciality of A.O.’s order for exercising jurisdiction u/s 263
Income Tax
Income Tax
Gain on Sale of Shares cannot be treated as business income for Mere Sale of Share in Short Span of time
Income Tax
Income Tax
TP provisions requires comparison of a controlled transaction with uncontrolled transaction, comparison within two controlled transaction is immaterial
Income Tax
Income Tax
Revenue expenses after setting up of business allowable despite non-commencement of business
Income Tax
Income Tax
Interest on IT Refund/ FDR, Other interest and Tender fees eligible for deduction u/s 80IA
Income Tax
Income Tax
Mere non-intimation of amendments in Trust Deed cannot lead to cancellation of registration
Income Tax
Income Tax
Reopening based on retrospective amendment after 4 years not permissible in absence of failure in disclosure of material facts by assessee
Income Tax
Income Tax
Shares held by trust for issuance to employees as ESOPs is not in nature of stock in trade, any resultant gain will be taxed as capital gains
Income Tax
Income Tax
Share of income received by University out of consultancy income earned by professors not entitled for exemption u/s 11
Income Tax
Income Tax
Assessee can claim deduction u/s 10A for remaining years although he availed deduction u/s 80HHE in past
Income Tax
Income Tax
Assessee can rebut the statement made u/s 132(4) during search on the ground that it was under pressure & mistaken belief – ITAT
Income Tax
Income Tax
