admin INCOME TAX APPELLATE TRIBUNAL March 6, 2016 If higher GP rate applied no trading account disallowance can be made INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘B’ BENCH, KOLKATA I.T.A. No. 1307/KOL/ 2013 Assessment Y... Read More
admin INCOME TAX APPELLATE TRIBUNAL, Income-tax Act, 1961 March 6, 2016 Section 12AA 80G5 charitable trust approval rejection on defective dissolution clause in the deed is beyond the scope of enquiry for grant of registration INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘A’ BENCH, KOLKATA I.T.A. Nos. 1456 & 1457/KOL/ 2015 ... Read More
admin Budget, Income Tax, INCOME TAX APPELLATE TRIBUNAL, TDS March 6, 2016 Form 15G 15H for receiving Rent Payments without TDS deduction from 01-06-2016. Budget 2016-17 amendment to section 197A and 194I Enabling of Filing of Form 15G/15H for rental payments The provision of sub-section 194-I of the Inc... Read More
admin Income Tax, INCOME TAX APPELLATE TRIBUNAL March 5, 2016 Advance received adjusted against sales made could not be added under section 68 treating the same as unexplained THE INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘SMC’ BENCH, KOLKATA I.T.A. No. 2284/KOL/ 2014 Assess... Read More
admin Depreciation, INCOME TAX APPELLATE TRIBUNAL, Income-tax Act, 1961 June 25, 2015 Depreciation on Goodwill is Allowed or not? Case law Citation: M/s. Sujag Fine Chemicals Pvt. Ltd. vs ITO (ITAT Ahmedabad) Date of Decision: 1... Read More
admin INCOME TAX APPELLATE TRIBUNAL, TDS November 12, 2014 Penalty order passed U/S 271C for non-deduction of TDS, beyond period of 6 months from date of reference for imposition of penalty would be barred by limitation Recently, ITAT Jaipur Bench in M.D.S. Universityvs. Assistant Commissioner of Income-tax held that, ... Read More
admin Income Tax, INCOME TAX APPELLATE TRIBUNAL August 2, 2014 No Disallowance under section 14A If Own Funds Exceed Borrowed Funds Issue – Whether on the facts and in law, the Hon’ble Tribunal was correct in holding that the in... Read More