The Income Tax Appellate Tribunal (ITAT) Bangalore Bench while setting aside the order passed by the Assessing Officer deleted the disallowance against the Coffeeday Enterprises. The assessee, M/s Coffeeday Enterprises Ltd. is engaged in the...
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while remitting the matter back to the AO held that the disallowance cannot be more than the income earned by the assessee. The assessee, Oman International Bank...
The Income Tax Appellate Tribunal (ITAT) Bangalore bench while remitting the matter back to the Assessing Officer (AO) said that if the interest-free funds available with the assessee is more than the value of investments...
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while upholding the order of CIT(A) held that if there is no exempt income then no disallowance of expenditure under section 14A of the Act can be...
The Income Tax Appellate Tribunal (ITAT), Delhi Bench deleted the disallowance against Max Medical Services Limited on the basis of the rate of charging lease rental and maintenance charge. The Assessee, Max Medical Services Ltd....
The Madras High Court while quashing the order of the tribunal held that though the tribunal directed the assessee to work out the expenditure component towards administrative and managerial aspect so that the same shall...
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, in its recent order directed the Assessing Officer (AO) to delete the disallowance made on account of depreciation on payment of brand license fees. The assessee, M/s....
Introduction Section 40A of the Income Tax Act, 1961 was inserted by the Finance Act, 1968 w.e.f. 01st April 1968 provides for disallowance of expenses or payments not deductible in certain circumstances while computing the...
The Delhi High Court in the case of Housing and Urban Development Corporation Ltd. vs. Additional Commissioner of Income Tax held that the assessee is not entitled to claim the deduction until the liability for...
The Income Tax Appellate Tribunal ( ITAT ) Delhi, in an appeal by the assessee against the order of the Commissioner of Income-tax (Appeals), held that disallowance of a sum for non-submission of documents and...
The Jaipur bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that, No Disallowance of Expenditure for Non-Deduction of Tax on Services and Payments Made Outside of India. The ITAT has also...
The Income Tax Appellate Tribunal (ITAT) in Mumbai has ruled that, Disallowance Of Rental Expenses Merely As Per the Leave and License Agreement Cannot Be Sustained. The appeal has been filed by the assessee before...
The Income Tax Appellate Tribunal (ITAT) Delhi Bench upheld the addition of disallowance on TDS stating that “the assessee was under statutory obligation to deduct the income tax at the time of credit or/and, payment...
A two-judge bench of the Gujarat High Court has held that the mere existence of mixed fund would not automatically attract disallowance under section 14A of the Income Tax Act, 1961. During the relevant year,...
A division bench of the Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the Assessing Officer was rightly disallowed deduction claim since their involved sham transaction under the garb of donation. The assessee...
The Income Tax Appellate Tribunal (ITAT), Mumbai has held that the department cannot make 100% disallowance for bogus purchases in cases where the sales are not doubted. The assessee, a Partnership Firm, engaged in the...
The Income Tax Appellate Tribunal (ITAT), Ranchi has held that the Assessing Officer is not empowered to make addition while considering a rectification application under section 154 of the Income Tax Act, 1961. The sole...
The Income Tax Appellate Tribunal ( ITAT ), Hyderabad bench has held that the contributions towards ESIC and PF beyond the due date cannot be disallowed if the same was paid before the filing of...
The Cuttack bench of the Income Tax Appellate Tribunal ( ITAT ) has held that disallowance of expenditure cannot be merely on the basis of surmises and conjectures of the Assessing Officer. In the instant...
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) in JRA & Associates v. ACIT, deleted an order disallowing Partners’ Remuneration of a Chartered Accountants Firm and observed that when the remuneration is quantified...
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) in ITO v. Media Satellite & Telecom Ltd, held that Assessing Officer cannot make disallowance under Section 40A(2)(b) of the Income Tax Act for excess...
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