The Kolkata bench of the Income Tax Appellate Tribunal recently held that the delay in filing appeal can be condoned if the delay was occurred due to non-availability of a proper professional advice. Accordingly, the
The Income Tax Appellate Tribunal ( ITAT ), Cochin Bench, has recently in an appeal filed before it, held that, stamp duty collected from customers shall be treated as trading receipt under 43b(a), and that
The Calcutta High court has on Friday, while allowing appeal filed before it, held that there cannot be a reopening of assessment based on the audit party’s legal interpretation. The above said observation was made
The Kerala High Court In the case of M/s Baby Marine Exports versus Assistant Commissioner of Income Tax wherein held that deduction u/s 80HHC accidently allowed to the manufacturer in the absence of certificate from
A division bench of the Bombay High Court recently held that the deduction under Section 80IA of the Income Tax Act is allowable without excluding the deduction of profits from export business of two new
The Ahmedabad bench of the ITAT, on Wednesday allowed deduction under Section 80IA of the Income Tax Act, 1961 and held that the service charges earned by the assessee on pattern development will be considered
In a recent ruling, the division bench of the Delhi High Court held that is entitled to claim benefit of Section 10A of the Income Tax Act, 1961 in respect of the software is developed
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that businesses can avail of benefits under Section 80HHC of Income Tax Act, 1961 even if export profits are not their exclusive source
In a recent decision, the Supreme Court clarified that the amendment made to s. 80HHC in the year 2005 does not have retrospective effect. Earlier, the Amendment to Section 80HHC (3) of the Income Tax
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) held that Income Tax benefit under section 80HHC Income Tax Act 1961 in respect of advance import license as covered under section 28(iiib) of the Income
In a recent decision, the Rajasthan High Court held that the audit report filed by the assessee in a later stage of proceedings are not sufficient to avail the benefit of section 80HHC of the
In a recent ruling, the Delhi High Court held that the written back amount must be excluded while computing export profits under Section 80HHC of the Income Tax Act. The bench comprising of Justice Ravindra
The Income Tax Appellate Tribunal (ITAT) Ahmedabad Bench, allowed the claim for deduction under Section 80HHC of the Income Tax Act, 1961 on the sale of scrap and parts. The assessee in this case is
The division bench of the Gujarat High Court, recently held that the benefit of deduction under section 80HHC of the Income Tax Act cannot be allowed in case of loss or negative profits. The Court
In Shri Laxminarain Khetan v. ITO, a division bench of the Allahabad High Court held that the interest received on with the bank in order to avail credit facility for export business is eligible for
