#section 143(3)
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6,168 articlesIncome Tax

Income Tax
ITAT Excludes Incomparable Companies as Functional Differences & Turnover Distorted TP Analysis
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Computer Software Eligible for 60% Depreciation: ITAT Chennai
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ITAT Allows 60% Depreciation on Software Forming Integrated Part of Computer
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ITAT Deletes Section 56(2)(viib) Addition as AO Changed Valuation Method Contrary to Rule 11UA
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ITAT Deletes Bogus Purchase Addition as Sole Reliance on Retracted Statement Unsustainable
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No disallowance of quantified liabilities, documented payments & reconciled books on a purely ad hoc basis
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Section 68 Addition Deleted as Creditworthiness Depends on Ability to Arrange Funds
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Section 80P Deduction Cannot Be Denied for Wrong ITR Column Selection: ITAT Nagpur
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‘Make Available’ Test Not Met, No TDS on US Software Contractor Payments: ITAT Bangalore
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Section 54 Exemption Available for Every House Sold: Bengaluru ITAT
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ITAT Bangalore Allowed Section 80P Deduction on Interest from Scheduled & Co-op Banks
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Payment to Trustees Alone Doesn’t Violate Section 13(1)(c): ITAT Bangalore
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ITAT Finds Cash-in-Car Explanation Incredible, Upholds ₹23 Lakh Addition
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