The test of genuineness of a transaction is to prove beyond doubt the nature and source for such credits The Learned Income Tax Appellate Tr...
Read MoreTest for deductible expenditure of business is that it must have been made for the purpose of business: ITAT The Learned Income Tax Appellat...
Read MoreNo TDS under section 194N if Cash Withdrawal is not Income The petitioners were registered under the Tamil Nadu Co-operative Societies Act, ...
Read MoreSupervisory fees paid to parent company in terms of the agreement allowed by ITAT Recently ITAT in matter of ACIT vs M/s. Dong Woo Surface T...
Read MoreSec 68 additions deleted once taxpayer has proved identity & creditworthiness of parties & genuineness of transaction Recently ITAT ...
Read MoreITAT: Ownership of several flats under JDA is eligible for Capital Gain Exemption In Sri Ganga Poorna Prasad v. The Assistant Commissioner o...
Read MoreSubstantial costs should be recovered from AOs salary if Income Tax assessment order not made as per procedure IN THE HIGH COURT OF JUDICATU...
Read MoreIrrecoverable loss incurred due to bad weather and technical snags would be considered as Revenue Loss The Hon’ble Income Tax Appellate Tr...
Read MoreITAT: Telecom Distributor is exempt from TDS on Commission given directly to Retailers by Service Provider In Laxmi D. Gupta v. ITO, Mumbai ...
Read MoreITAT: Addition made solely on the basis of one dummy director not sustainable In M/S. Frost Falcon Distilleries v. DCIT, Haryana [ITA No.771...
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