CIT Appeals order passed ex parte without giving another opportunity or mentioning reasons for additions sustained is bad
INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH ‘A’, KOLKATA ITA No. 766/Kol/2013 : Asstt. Year : 20...
Allowability of interest as cost of acquisition of capital asset u/s 48(ii) is highly debatable, not open for revision u/s 263 by CIT
The issue relating to the allowability of interest as the part of cost of acquisition of the capital...
Loans Advance given on interest not deemed dividend u/s 2(22)(e) as the shareholder do not derive any benefit from the funds of the company
When the company was compensated by way of interest on loan taken, the assessee shareholder in real ...
Deduction 33AB first allowed from composite income before apportionment under Rule 8(1) between agricultural non-agricultural
The deduction u/s 33AB of the Income Tax Act, 1961 shall be allowed from the total composite income...
While reversing order of CIT(A), Tribunal duty bound to examine and discuss reasons given
While reversing the order of the CIT(A) the Tribunal is duty bound to examine and discuss the reason...
Computation of disallowance u/s 14A , Rule 8D-Bank Charges for Export Service not includible
ITAT Delhi in a recent judgment has held that bank charges pertaining to exports services have no re...
Disallowance 14A Rule 8D3-Computation of total Assets include current liabilities also
ITAT Delhi in a recent judgment has remanded the case to the Assessing Officer noticing that the AO ...
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...