#income tax act 1961
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6,760 articlesIncome Tax
Income Tax
Penalty towards breach of contract cannot be disallowed under Explanation to Section 37(1)
Income Tax
Income Tax
Notice u/s. 143(2) issued by non-jurisdictional officer is unwarranted: ITAT Delhi
Income Tax
Income Tax
Addition towards unsecured loan sustained as three ingredients u/s. 68 not established
Income Tax
Income Tax
Notice issued within time but Served After Limitation Period Voids Reopening: ITAT Kolkata
Income Tax
Income Tax
CIT(A) Cannot Delete Loan Additions Without Allowing AO to Verify Additional Evidence
Income Tax
Income Tax
No One-to-One Matching Needed for Bank Deposits When Sources Are Verified – Adhoc Cash Deposit Addition deleted
Income Tax
Income Tax
Entire Forex Turnover Cannot Be Taxed Without Verification: ITAT Mumbai
Income Tax
Income Tax
80G Cannot Be Denied Merely Because One Object Seems Religious – ITAT Says Check 5% Rule & Facts Properly
Income Tax
Income Tax
Section 10(34)/(35) Exemption Allowed Despite Sec. 11 Denial: ITAT Mumbai
Income Tax
Income Tax
Section 194IC Applies to Leasehold Land in JDA, but Developer May Avoid Default if Tax Paid
Income Tax
Income Tax
ITAT Mumbai upholds penny-stock loss as genuine – Revenue’s addition deleted
Income Tax
Income Tax
ITAT Delhi: Cash of ₹3.11 Cr found in locker is NOT “unexplained” – treated as speculative/business income, Section 69A & 115BBE deleted
Income Tax
Income Tax
AO Can’t Cry ‘SBN Violation’ to Tax Genuine Sales – Demonetisation or Not – Once Sales Are in the Books, You Can’t Tax the Cash Twice
Income Tax
Income Tax
