#section 143(3)
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6,168 articlesIncome Tax

Income Tax
CIT rightly Invoked Section 263 for Oversight in examining Composite Property Agreement
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Incriminating Material found during search of third party: Section 153C vs. 147
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Addition without incriminating material not sustainable for assessment unabated on search date
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Addition of trading loss on sale of tools and dies unsustainable
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ITAT found Disallowance of expenditure by lower authority excessive & unreasonably high
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Expense incurred for earning only exempt income is not allowable as deduction
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Adoption of lower FMV based on DVO report unjustified as specific feature of property not considered
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Invocation of section 263 unjustified as order not prejudicial to revenue
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No Tax on Income of company registered in Isle of Man received as principal from its agent in India
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Deposit of cash sales in bank cannot be treated as deposit out of undisclosed income
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Section 56(2)(viib) Not Applicable to Non-Resident Share Premium: ITAT Delhi
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Section 80IC deduction cannot be disallowed arbitrarily in subsequent years
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Section 115BBE needs Relook: Know Misuse, Consequences & Judicial Precedents
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