#Section 270A
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746 articlesIncome Tax

Income Tax
TP Adjustment for AMP Expenditure deleted due to Lack of Brand Promotion Agreement with AE
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Penalty u/s 270A not imposable in absence of any malafide intention to claim excess deduction
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No Section 14A Disallowance of Expenditure for Stock-in-Trade Securities
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Disallowance of expenditure u/s 14A unjustified without any dividend income from equity investment
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Background screening receipts doesn’t qualify as Royalty/ FTS hence not taxable
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TPO’s scope is limited to computing arm’s length price of a transaction
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Due date for filing return for Co-Op Hsg Society for Section 80P deduction
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Penalty imposed u/s 270A is appealable before CIT(A)
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Initiation of assessment proceedings u/s 153C in case of searched assessee is invalid
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Fees for live and non-live transmission right not taxable as royalty
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Section 270A Penalty is not automatic & necessitate a substantial misrepresentation or suppression of facts
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PCIT cannot direct AO to initiate penalty proceedings u/s 271(1)(c)
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Addition of Offshore Supply Income to PE in India on account of loss Unjustified
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