Courts: ITAT Mumbai
5,841 articlesIncome Tax
Income Tax
No deduction u/s 54 is allowed where assessee has constructed a house prior to the date of transfer of original house
Income Tax
Income Tax
No addition can be made u/s 2(22)(e) when assessee is not a shareholder
Income Tax
Income Tax
Loss in pension fund has to excluded from insurance business income
Income Tax
Income Tax
Exemption u/s 11 cannot be denied on giving interest free loan and renting of property
Income Tax
Income Tax
Application of provision of section 14A r.w. Rule 8D without recording satisfaction cannot be upheld
Income Tax
Income Tax
Mere Entries found in third party books are not binding on Assessee
Income Tax
Income Tax
Statement U/s. 132(4) without any supporting material does not have any evidentiary value
Income Tax
Income Tax
Some important aspects of allowability of business claim and concealment of penalty
Income Tax
Income Tax
Review u/s 254(2) only if there is a mistake apparent from the record
Income Tax
Income Tax
Issue of ‘treatment of forfeiture of guarantee amount given for purchase of machinery’ , ‘validity of entertaining Revised claim and disallowance u/s 14A
Income Tax
Income Tax
Levy of Penalty u/s 221 by A.O. is discretionary and can be waived off if Good and sufficient reasons exists
Income Tax
Income Tax
Deduction of Depreciation as well of Capital Expenditure U/s. 11 In Case of Trusts not amounts to Double Deduction
Income Tax
Income Tax
AO cannot decide reasonableness, commercial expediency of expenditure incurred by Assessee
Income Tax
Income Tax
