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