Courts: ITAT Mumbai
5,841 articlesIncome Tax
Income Tax
If AO finds actual rent received is less than the fair market rent because of the abnormally high interest-free security deposit, he can adjust it
Income Tax
Income Tax
No Tax On Redevelopment Gains For Society and Members – ITAT Mumbai
Income Tax
Income Tax
Grant of redevelopment rights on a property amounts to transfer of property, and gives rise to capital gains, liable to tax and provisions of Sec 50C are invokable in such a case
Income Tax
Income Tax
Set off of indexed long term capital loss permissible against non-indexed long term capital gains
Income Tax
Income Tax
Short term capital gains on transfer of depreciable assets can be set-off against brought forward loss from other long term capital assets
Income Tax
Income Tax
Transfer Pricing- Low Turnover Companies can not be taken as comparable, Only operational profits to be considered for comparison
Income Tax
Income Tax
Despite Large Volume of Shares Gain is STCG under Consistency Law
Income Tax
Income Tax
Section 50C applies to immovable depreciable assets – ITAT Mumbai
Income Tax
Income Tax
Despite concealment, no penalty u/s. 271(1)(c) if book profits assessed u/s. 115JB
Income Tax
Income Tax
Disallowance u/s 14A of interest on borrowed funds was not permissible if investment in shares was made out of own funds
Income Tax
Income Tax
No Penalty for Failure to Offer Income u/s 50C
Income Tax
Income Tax
Society Redevelopment is Not Transfer and consideration not assessable in society’s hands
Income Tax
Income Tax
Inland haulage charges are in the nature of income from operations of ships in international traffic and not taxable in India per Article 8 of the India-Belgium tax treaty
Income Tax
Income Tax
