Courts: ITAT Mumbai
5,841 articlesIncome Tax
Income Tax
Bogus purchases – Transaction with Hawala Party not necessarily mean all transaction of Assessee with him are bogus or sham
Income Tax
Income Tax
Penalty imposed u/s 271(1)(c) cannot survive if issue is debatable & admitted by HC
Income Tax
Income Tax
ITAT quashes 263 order on issue of shares at high premium
Income Tax
Income Tax
Decision of special bench is to be followed by other benches unless reversed by High Court
Income Tax
Income Tax
Books of accounts cannot be treated as defective without pointing out the defects
Income Tax
Income Tax
Section -40(a)(ia) ITAT benches cannot overrule Special Bench Judgment in Merilyn Shipping
Income Tax
Income Tax
TDS U/s. 194C attracted on contract of putting up hoarding
Income Tax
Income Tax
Statutory impost paid as damages, penalty or interest, if compensatory in nature, is allowable as business expenditure
Income Tax
Income Tax
No Wealth tax on Assets Purchased by Wife out of loan from Husband- Shah Rukh khan gets relief
Income Tax
Income Tax
Addition U/s. 50C for mere variance with Stamp Duty Valuation without investigation not justified
Income Tax
Income Tax
Reopening on mere possibility of revenue loss is based on presumption & is invalid
Income Tax
Income Tax
Reference to DVO cannot be made if assessee has challenged the valuation by stamp authorities
Income Tax
Income Tax
Sham Transactions with object to reduce tax liability liable for Penalty
Income Tax
Income Tax
