Posted inINCOME TAX Slump Price Paid To Acquire A Business Has To Be Bifurcated Between Tangible And Intangible Assets For Allowing Depreciation: ITAT Pune May 22, 2022
Posted inINCOME TAX Concealment Of Income And Furnishing Of Inaccurate Particulars Are Distinct And Separate Charges: ITAT Agra May 19, 2022
Posted inINCOME TAX Assessee Who Understates Consideration Received For Sale Of Agricultural Land To Avoid Payment Of Stamp Duty is Defrauding the Exchequer: ITAT Chandigarh May 17, 2022May 17, 2022
Posted inINCOME TAX There is No Loss To Revenue If Tax is Paid After Assessment Order u/s 147 Of Income Tax Act: ITAT Lucknow May 16, 2022
Posted inINCOME TAX ITAT Chandigarh’s Judgement On Exemption Under Section 54 Of Income Tax Act May 15, 2022
Posted inINCOME TAX If Assessee Discharged Initial Onus Regarding Identity, Creditworthiness And Genuineness, Onus Shifts To AO: ITAT Delhi May 14, 2022May 14, 2022
Posted inINCOME TAX Primary Burden Of Proof is On Revenue To Show That Assessee is Guilty Of Concealment: ITAT Delhi May 13, 2022
Posted inINCOME TAX Fact That Pvt. Ltd. Company Issued Shares At Exorbitant Premium is Irrelevant If Assessee Has Proved Genuineness Of Transaction: ITAT Mumbai May 12, 2022
Posted inINCOME TAX Domain Name is Intangible Asset Which is Similar To Trademark: ITAT Delhi May 10, 2022
Posted inINCOME TAX Admission Of Estimated Income Made During Survey Has No Evidentiary Value And is Not Binding On Assessee: ITAT Mumbai May 5, 2022May 5, 2022
Posted inINCOME TAX Loss Can Be Carried Forward Even If Books Are Not Audited At The Time Of Filing ITR: ITAT Cochin May 5, 2022May 5, 2022
Posted inINCOME TAX Fact That Supplier Admitted To Issuing Bogus Bills Does Not Mean That He Issued Accommodation Bills To Assessee: ITAT Mumbai May 2, 2022
Posted inINCOME TAX Registrar Of Tribunal Has No Jurisdiction To Consider And Decide On Applications For Condonation Of Delay: ITAT Mumbai April 29, 2022
Posted inINCOME TAX AO Has No Jurisdiction To Insist That Assessee Should Adopt A Particular Method To Determine Value Of Shares: ITAT Mumbai April 28, 2022
Posted inINCOME TAX Disallowance u/s 14A & Rule 8D Has To Be Made Even If Assessee Not Earned Any Tax-Free Income On Investment: ITAT Amritsar April 26, 2022
Posted inINCOME TAX No Disallowance Can Be Made For Cash Payments If Transaction is Genuine And Identity Of Payee is Known: ITAT Jaipur April 25, 2022
Posted inINCOME TAX Limitation Period For Filing Rectification Application Has To Be Computed From The Date Of “Communication” Of Order: ITAT Chandigarh April 25, 2022
Posted inINCOME TAX It is Painful That Department Officials Are Tempted To Ignore Principles Of Law And Natural Justice To Achieve Targets: ITAT Chandigarh April 24, 2022April 24, 2022
Posted inINCOME TAX CIT(A) Has Power To “Enhance The Assessment”, But He is Not Entitled To Travel Beyond Subject- Matter And Assess New Sources Of Income: ITAT Jaipur April 24, 2022
Posted inINCOME TAX Addition Cannot Be Made On The Ground That Directors Of Share Subscribers Did Not Turn Up Before The AO: ITAT Kolkata April 23, 2022
Posted inINCOME TAX There is No Restriction That Assessee Cannot File Revised Return After Issuance Of Notice u/s 143(2): ITAT Mumbai April 23, 2022April 23, 2022
Posted inINCOME TAX Failure To Submit Tax Residency Certificate (TRC) is Not A Bar To Grant Of Benefits Under DTAA: ITAT Ahmedabad April 19, 2022
Posted inINCOME TAX Excuse That Appeal Was Not Filed Due To AO Being Busy With Time Barring Assessment is Not Acceptable: ITAT Delhi April 18, 2022April 18, 2022
Posted inINCOME TAX 31000% Increase in Value Of Shares is Highly Suspicious But Cannot Take Place Of Evidence: ITAT Kolkata April 18, 2022
Posted inINCOME TAX Unsold Flats Held As Stock in Trade Cannot Be Chargeable To Tax Under ‘Income From House Property: ITAT Mumbai April 17, 2022April 17, 2022
Posted inINCOME TAX Goodwill is Eligible For Depreciation Under Income Tax Act: ITAT Delhi April 15, 2022April 15, 2022
Posted inINCOME TAX If Assessee Invested Entire Sale Consideration in New House Property, Capital Gains Are Exempt u/s 54F: ITAT Jaipur April 14, 2022
Posted inINCOME TAX In Order To Treat Capital Gains From Penny Stocks As Bogus, Department Has To Show That There is A Scam And Assessee is Part Of Scam April 12, 2022
Posted inINCOME TAX The Words ‘Property is Let’ Does Not Mean ‘Property Actually Let Out’: ITAT Mumbai April 11, 2022
Posted inINCOME TAX Private Limited Company Cannot Say That It Has No Clue About Subscribers To its Share Capital: ITAT Delhi April 10, 2022April 10, 2022
