Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The Income Tax Appellate Tribunal (ITAT), Ahmedabad ruled that Assessing Officer (AO) must take cognizance of the claim that the taxpayer made on the filing of revised returns and must move to the assessment stage. The taxpayer, Kothari Brothers have furnsihed the income return dated 24.11.2007 which shows a total income of Rs 3,52,960. In […]
The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench ruled that Assessing Officer was unable to furnish the opportunity for cross-examination of witnesses and removes the addition on the basis of additional net profit. The petitioner M/s. DSG Papers Pvt. Ltd., is involved in the business of manufacturing paper and paper products. The PCIT started revisionary […]
Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT), the donations and investments incurred for the charity via the taxpayer’s trust for charitable and educational purposes concerning the operation of the trust and has the deductible nature and deleted the impugned additions by the Assessing Officer (AO). A bench consisting of Ms. Annapurna Gupta, an […]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the payment that the taxpayer has made to the non-resident supplier shall be the royalty amount and is bounded on the taxpayer’s portion to deduct tax at source. The two-member bench of T.R. Senthil Kumar (Judicial Member) and Annapurna Gupta (Accountant Member) has […]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) ruled that late fees under section 234E of the Income Tax Act,1961 for late TDS return filing shall not get levied before 01.06.2015. Mr. Hardik Chordia, CA appeared for the appellant and Dr. K Shankar Prasad appeared for the respondent. Karnataka Grameen Bank, the taxpayer […]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT), proceedings under section 153 do not be invalidated without examining incriminating material found in the search. The taxpayer, Ashok Developers & Builders Ltd has been involved in the business of construction and furnishes its income return showing a total income of Rs.6,61,44,100. A search & […]
The Income Tax Appellate Tribunal, Jaipur Benches, “B” Jaipur, during deciding the petition furnished to it through the taxpayer ruled that registration aimed u/s 12AA(1)(a) of the Act could not be refused for the submission of original documents and that self – certified copy or instruments must get acknowledge enough for that. Tribunal has made […]
Towards commissions paid to the banks, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the TDS provision would not be applicable. The two-member bench of Saktijit Dey (Judicial Member) and Dr B.R.R. Kumar (Accountant Member) sees that the commission furnished to the partners would not be covered under section 194H of […]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has permitted the 60% depreciation on ATM machines as appropriate to computer software. The two-member bench of Sonjoy Sharma (Judicial Member) and G. Manjunatha (Accountant Member sees that once the taxpayer would be qualified for 60% of the depreciation on ATM machines, the Assessing Officer […]
