Courts: ITAT Pune
1,532 articlesIncome Tax
Income Tax
S. 263 Valid if AO fails to enquire business exigency of donations
Income Tax
Income Tax
S. 80IB(10) Mere Common Commercial & Residential Layout?
Income Tax
Income Tax
Disallowance u/s 14A gets attracted even if a mix of interest bearing & non-bearing funds used to make investments earning exempt income
Income Tax
Income Tax
CIT (A) cannot initiate & levy penalty u/s 271(1) (c) by penalty order under his adjudication
Income Tax
Income Tax
Invocation of Section 263 on mere DCIT Suggestion invalid
Income Tax
Income Tax
Section 263 – Revision merely on DCIT suggestion & without independent judgment, not valid in law
Income Tax
Income Tax
Addition for alleged suppression of production not sustainable on mere order of excise duty evasion for earlier years
Income Tax
Income Tax
Assessee not entitled to claim any fresh deduction for completed assessments in return filed u/s 153A
Income Tax
Income Tax
Addition for alleged suppression of production based on mere variation in electricity consumption not sustainable
Income Tax
Income Tax
Commitment charges paid towards foreclosure of business agreement are allowable u/s 37
Income Tax
Income Tax
Expenditure on research is revenue nature if no new product develops, irrespective of treatment in books
Income Tax
Income Tax
Adjustment of seized cash before completion of assessment permitted against self assessment/ advance tax subject to specific request made by assessee
Income Tax
Income Tax
Reopening u/s 263 justified in case AO ignored the fact that assessee shown business income while he cease to be in business by letting out his entire factory premises
Income Tax
Income Tax
