Courts: ITAT Pune
1,532 articlesIncome Tax
Income Tax
If income been disclosed by assesse after search by filing return u/s 153A then penalty u/s 271(1)(c) is imposable
Income Tax
Income Tax
S. 80IB(10) -Canopy/ Porch cannot be treated as part of Built up Area as it is not habitable
Income Tax
Income Tax
VAT collected but not paid is to be added to income even if amount has not routed through P&L Account
Income Tax
Income Tax
Penalty can be levied on unrecorded receipts, expenditure and investments declared by assessee pursuant to search
Income Tax
Income Tax
To avail Section 32(2) depreciation claim it’s not necessary that business carried on in following previous year
Income Tax
Income Tax
Change in method of ALP in transfer pricing adjustment not permitted on same set of facts
Income Tax
Income Tax
Bad debt cannot be disallowed merely because its of Group Company
Income Tax
Income Tax
Deduction u/s. 80IB(10) cannot be denied even if area of housing project is less than 1 acre or for non ownership of land
Income Tax
Income Tax
Addition based on third party evidence not tenable if no evidence found from assessee
Income Tax
Income Tax
Addition made on account of third party evidence without establishing identity of Assessee not valid
Income Tax
Income Tax
TP: Lower turnover cannot be sole basis for exclusion
Income Tax
Income Tax
No Penalty could be levied u/s 271(1)(c) if only advance is received and no actual sale is made
Income Tax
Income Tax
Lesser of loss brought forward or unabsorbed depreciation shall be reduced from net profit in computation of book profit- S. 115JB
Income Tax
Income Tax
