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Case Law Details

Case Name : SLO Automobiles Private Limited Vs DCIT (ITAT Delhi)
Related Assessment Year : 2011-12
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SLO Automobiles Private Limited Vs DCIT (ITAT Delhi)

VAT Liability Is Not Income — ITAT Deletes ₹1.24 Cr Addition Treated as Trading Receipt

The Delhi Bench of the Income Tax Appellate Tribunal allowed the assessee’s appeal and deleted the addition of ₹1,24,22,756 made on acco

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Author Bio

CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

My Published Posts

ITAT Chennai: No Addition U/s 56(2)(vii) Where Valuation Difference Within 10% Tolerance Band Penalty U/s 270A Deleted – AO Failed to Specify Misreporting Clause ITAT Chennai: Registration u/s 12AB & 80G Cannot Be Denied Merely Because Trust Has Not Yet Started Activities Penalty U/s 271(1)(c) Not Sustainable on Deemed Addition U/s 56(2)(vii)(b) – ITAT Chennai ITAT Chennai: 60% Tax U/s 115BBE Not Applicable for AY 2017-18 Transactions Prior to 01-04-2017 View More Published Posts

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