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Depreciation to be allowed even when asset is acquired as a Gift: ITAT

Meetu Kumari June 14 2022 @ 1:10 PM

Depreciation to be allowed even when asset is acquired as a Gift: ITAT Mangesh Krishnath Ekbote Vs. DCIT (Order pronounced in the Open Court...

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Penalty cannot survive with respect to additions which have been deleted: ITAT

CA Pratibha Goyal June 13 2022 @ 6:51 PM

Penalty cannot survive with respect to additions which have been deleted: ITAT In this case ITAT noted that the addition on the basis of whi...

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ITAT deletes addition made u/s 68 where the source of fund is not doubted by the Assessing Officer

CA Ayushi Goyal June 13 2022 @ 6:24 PM

ITAT deletes addition made u/s 68 where the source of fund is not doubted by the Assessing Officer The brief facts of the case is that the a...

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ITAT allows payment of administrative service charges to TACO

CA Ayushi Goyal June 13 2022 @ 5:35 PM

ITAT allows payment of administrative service charges to TACO The issue in this case is against the deletion of addition of Rs.2,64,61,769/-...

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ITAT allows expenditure of bonus to employees if paid before due date for filing of return

CA Ayushi Goyal June 13 2022 @ 5:29 PM

ITAT allows expenditure of bonus to employees if paid before due date for filing of return The brief facts of the case is that the assessee ...

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Assessing Officer/ Department cannot challenge remand report & order of CIT(A) based on it: ITAT

CA Pratibha Goyal June 13 2022 @ 5:24 PM

Assessing Officer/ Department cannot challenge remand report & order of CIT(A) based on it: ITAT Relevant Text 3. The learned DR has sub...

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Undisclosed Income: ITAT restricts addition to average Net Profit

CA Pratibha Goyal June 13 2022 @ 5:15 PM

Undisclosed Income: ITAT restricts addition to average Net Profit The assessee firm is engaged in the business of Civil Contract. The assess...

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Eligible for Approval u/s 80G if 12AA registration is granted and continues: ITAT

Meetu Kumari June 13 2022 @ 5:13 PM

Eligible for Approval u/s 80G if 12AA registration is granted and continues: ITAT Dignity Education Society v/s. Commissioner of Income-tax ...

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Entire credit in bank accounts cannot be treated as turnover in case of Inter transfers in bank accounts: ITAT

CA Pratibha Goyal June 13 2022 @ 4:56 PM

Entire credit in bank accounts cannot be treated as turnover in case of Inter transfers in bank accounts: ITAT 8. The Assessing Officer has ...

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When Primary Onus is Discharged by submitting documents Dept to Prove that Money Belongs to Assessee: ITAT

Meetu Kumari June 13 2022 @ 4:44 PM

When Primary Onus is Discharged by submitting documents Dept to Prove that Money Belongs to Assessee: ITAT Shri Mahesh Kumar Duhlani V/s. De...

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