Read all Latest Updates on and about sandeep singh karhail

Top

Begin typing your search above and press return to search.

Home
»
sandeep singh karhail

Sale of Trust Property to Trustee Below Market Value: ITAT Grants S.11 Exemption after Full Payment [Read Order]

Sneha Sukumaran Mullakkal

The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT ) granted exemption under section 11 of Income Tax Act,1961 to a charitable trust for...

Explanation 2 to S. 263 Doesn’t Give Unfettered Revision Powers: ITAT Quashes PCIT’s Order [Read...

AO computes Net STCG for Non-STT: ITAT Allows Set-Off Against Non-STT Gains for US Resident [Read...

Advances given in Return for an Advantage by the Shareholder is not Dividend u/s 2(22)(e): ITAT...

Proper compliance on part of Assessee during Assessment Stage: ITAT Remands Case for Denovo...

Denial of Expense Deductions due to Lack of Supporting Documents: ITAT Sets Aside Order [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal(ITAT) set aside the order of the Additional/Joint Commissioner of Income Tax (Appeals) [Addl.Joint CIT(A)], matter involving a small religious...

ITAT rules Capital Gains from Trademark Sale by Johnson & Johnson as Long-Term, Stating Non-Eligibility for Depreciation u/s 50 [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal(ITAT)ruled that the capital gains from the sale of trademarks "Coldarin" and "Raricap" by Johnson & Johnson should be treated as long-term...

Failure to Consider Assessee's Delay Condonation Request u/s 249(3): ITAT Remands Case to CIT(A) [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal set aside the order of the Commissioner of Income Tax(Appeals) CIT(A), National Faceless Appeal Centre (NFAC) after it erroneously dismissed the...

No Trust towards Sports Trust on Foreign Expenditure: ITAT restores Registration Rejection [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) restored the registration of sports trusts to the file of CIT(E) for fresh decision and directed the assessee to amend the trusts...

Interest-Free Loans to Related Parties: ITAT Dismisses Assessee's Appeal, Validates PCIT's Action [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ), Mumbai Bench, dismissed an appeal and upheld the order passed by the Principal Commissioner of Income Tax ( PCIT ) under Section 263 of...

ESOP expenses should not be regarded contingent or notional: ITAT allows Goldman Sachs to claim deduction u/s 37(1) [Read Order]

In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) allowed Goldman Sachs to claim deduction under Section 37(1) of the Income Tax Act 1961 and held that ESOP expenses...

Transactions in Agricultural Lands classified as Business Income as per Company Objectives: ITAT Deletes Addition u/s 56 [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that Transactions and Commissions on agricultural lands would be considered business income if the company's Memorandum of...