No requirement to file separate appeals against TDS default u/s 201(1) and interest default 201(1A) to work tax effect
In a recent judgment, ITAT, New Delhi has dismissed the contention of the assessee that the Rev...
Revision u/s 263 not justified in case of best judgment assessment u/s 144 for non co-operation by assessee
INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH; AMRITSAR I.T.A No. 220(Asr)/2015 Assessment Year: 2010...
CIT Revision u/s 263 unjustified alleging wiping out income surrendered u/s 133A treating it business income and not separately u/s 69A
INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH; AMRITSAR I.T.A No. 203(Asr)/2014 Assessment Year: 2009...
Reimbursement of expenses not “Work” to fall within the ambit of TDS under section 194C
ITAT Delhi in a recent judgment has held that reimbursement of respective shares in composite expen...
Capital Gain Tax Rates in India
Capital Gain Tax is part of income tax levied under Income Tax Act, 1961. It is a tax levied on prof...
Section 79 do not apply to carry forward and set off of unabsorbed depreciation in case of change in shareholding
INCOME TAX APPELLATE TRIBUNAL BANGALORE BENCH ‘A’, BANGALORE I.T(TP).A No.635/Bang/2015 (Assessm...
Rent from commercial property taxable as business income not house property
INCOME TAX APPELLATE TRIBUNAL RAJKOT BENCH, RAJKOT ITA No: 337/Rjt/2013 & C.O. No. 3/Rjt/14 Asse...
100 % income tax deduction of profits of eligible affordable housing project: Detailed provisions
100 % income tax deduction of profits of eligible affordable housing project: Detailed provisions Wi...
Addition cannot be made on the basis of the statement recorded during survey under section 133A
INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “C”, NEW DELHI I.T.A. No. 6509/DEL/2014 A.Y. 2010...
Interest on Fixed Deposit given as Bank Guarantee pre-requisite condition to pollution Board is capital receipt as business activities not commenced
INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘‘A’ SMC, NEW DELHI I.T.A .No.-6257/DEL/2015 (ASSES...