#ITAT Judgments
Log in to FollowITAT Judgment contain Income Tax related Judgments from Income Tax Appellate Tribunal Across India which includes ITAT Mumbai, Chennai, Delhi, Kolkutta, Hyderabad etc.
Income Tax
Income Tax
Tolerance margin (+/-) 5% u/s 92C (2) available only where variation between ALP and Actual price limited to this range
Income Tax
Income Tax
In absence of intention to deal in land on regular basis, income earned from sale of land is taxable as capital gain
Income Tax
Income Tax
Receipt already taxed in the head of sub-contractor cannot be disallowed to contractor considering same as inflated expense
Income Tax
Income Tax
In absence of supportings addition to existing house may not be treated as construction of new house
Income Tax
Income Tax
Sec.10A- Communication cost in absence of profit element is to be excluded from total & export turnover
Income Tax
Income Tax
If assessee merely acted as a conduit without any right in money, no addition can be made u/s 69A
Income Tax
Income Tax
Section 10B: Duty Drawback is not the income derived from undertaking
Income Tax
Income Tax
AO cannot reject entire books of accounts on insignificant defects having minuscule impact on profit
Income Tax
Income Tax
Entire law on whether reopening of assessment in the absence of "fresh tangible material" is permissible reviewed
Income Tax
Income Tax
