#section 143(2)
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2,479 articlesIncome Tax

Income Tax
Advance for Flats: Recognizing Revenue on Risk Transfer & Buyer’s Transfer Rights- ITAT
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Date of transfer of share is date of contract and not date of agreement: ITAT Mumbai
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Penny Stock Sale Not ‘Unaccounted Income’ if Purchase not doubted
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CIT(A) Must State Points in Dispute & reasons in its order as per Section 250(6)
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No Penalty U/s 271(1)(v) for Bona Fide Mistakes: Mumbai ITAT
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Taxpayer possessing Tax Residency Certificate Eligible for DTAA Benefit: Kolkata ITAT
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Jurisdiction assumed by AO at Mumbai invalid as assessee resided and carried profession at Bangalore: ITAT Mumbai
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Revisional jurisdiction u/s 263 not invocable when AO takes one possible view: ITAT Delhi
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Higher interest paid on unsecured loan to related party justified as loan received without any security: ITAT Mumbai
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Invocation of deeming provisions of section 69 unjustified as nature and source of undisclosed income explained: ITAT Chandigarh
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Section 11 exemption can’t be denied merely for Journal Sale & Subscription Income
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Retracted Statement Doesn’t Justify Treating Currency Derivative Loss as Bogus
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Illogical to Treat Sales as Bogus When Purchases & Stock are Deemed Genuine
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