#section 254
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277 articlesIncome Tax
Income Tax
Unexplained Income Reduced from ₹10 Cr to ₹2.22 Cr, Commission to 1% in entry transaction case
Income Tax
Income Tax
Section 14A Amendment Not Retrospective & AMP Adjustment Not an International Transaction: Delhi HC
Income Tax
Income Tax
Liaison Office Not a PE, Offshore Revenues & Interest Not Taxable in India: ITAT Delhi
Income Tax
Income Tax
Unexplained credits addition on adhoc basis at 5% cannot be sustained: Matter restored
Income Tax
Income Tax
Belated but Bona Fide: ITAT Deletes Penalty on Capital Gain Claim- When Deduction is Valid, Penalty is Invalid
Income Tax
Income Tax
Unabated Assessment Protection: ITAT Deletes ₹6.70 Cr Share Addition; Third-Party Statement is Not Incriminating Material
Income Tax
Income Tax
Penalty towards breach of contract cannot be disallowed under Explanation to Section 37(1)
Income Tax
Income Tax
ITAT Upholds 100% Penalty on Confirmed Additions Past-Loss Adjustment Irrelevant for 271(1)(c)- Substantial Justice for Delay, No Relief on Merits
Income Tax
Income Tax
Alumni Association is for benefit of public and not for members only
Income Tax
Income Tax
Even idle business needs guards – Tribunal permits security expense though no turnover
Income Tax
Income Tax
ITAT Delhi Strikes Down Mechanical 153D Approvals, Quashes Assessments
Income Tax
Income Tax
Disallowance u/s. 14A deleted since sufficient own funds available to cover investment
Income Tax
Income Tax
Final assessment order beyond period prescribed u/s. 144C(13) is barred by limitation
Income Tax
Income Tax
