comparemela.com

Latest Breaking News On - Mumbai itat - Page 5 : comparemela.com

Merely Making Incorrect Claim Does Not Tantamount To Furnishing Inaccurate Particulars: Mumbai ITAT Deletes Penalty U/s 271(1)(C)

Referring to the decision of Apex Court in the case of CIT vs. Reliance Petro Products Pvt Ltd, the Mumbai ITAT reiterated that for the purpose of levying penalty, the provisions of the Income tax Act.

Vijaykumars biyaniS rifaur rahmanApex courtReliance petro products pvt ltdPetro products pvt ltdAccountant memberKavitha rajagopalJudicial memberMumbai itatNaccurate particularsEnalty deletion section 271 1c of income tax act

Investments Which Yielded Exempt Income Can Only Be Considered For Purpose Of Disallowance U/s 14A R/w Rule 8D: Mumbai ITAT

Quoting the decision of cargo motors private limited versus deputy Commissioner of income tax (145 taxmann.com 641), the Mumbai ITAT reiterated that for purpose of making disallowance of expenses u/s.

Jitendra sanghaviSupreme courtRahul chaudharyJudicial memberPrashant maharishiAccountant memberSouth indianMumbai itatIsallowance of expensesEction 14a of income tax actArgo motors private limited versus deputy commissioner of income tax

No Addition Is Permitted U/s 69 I-T Act Once Source Of Investment Stands Proved: Mumbai ITAT

On finding that none of requirements of section 69 regarding source of investment stands fulfilled, the Mumbai ITAT upheld the order of CIT(A) deleting the addition made by AO under said provision.The.

Mahita nairCounsel for appellant departmentAccountant memberMumbai itatOurce of investmentEction 69 income tax act

Interest Income Derived By Co-Operative Society From Its Investment With Any Other Co-Operative Society Is Allowable U/s 80P(2)(D): Mumbai ITAT

While directing the AO to allow deduction u/s 80P(2)(a) or 80P(2)(d) of the Income-tax Act, 1961 of interest income earned by the assessee from the co-operative bank, the Mumbai ITAT clarified that.

Siddesh mayekarSupreme courtAgricultural rural development bank ltdKerala state coIncome tax actRahul chaudharyJudicial memberPrashant maharishiAccountant memberReserve bankCommercial bankFinancial institutionsKerala state co operative agriculturalRural development bankMumbai itatCo operative society

Annual Letting Value Of Unsold Flats Held As Stock In Trade Cannot Be Considered For Addition U/s 22 I-T Act: Mumbai ITAT

While setting aside the order of CIT(A), the Mumbai ITAT directed the AO to delete the addition of annual letting out value (ALV) of the unsold flat u/s 22 of Income Tax Act, 1961.The Bench comprising.

Pavan kumar gadaleEnterprises vsEstates development co ltdEnterprises vs prIncome tax actJudicial memberPrashant maharishiAccountant memberUnique estates development co ltdCo ordinate benchMumbai itatNnual letting valueUnsold flatsEction 22 of income tax act

vimarsana © 2020. All Rights Reserved.