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Mahavir Prasad

Addition u/s 68 on Assessee Company not sustainable when the onus was discharged with sufficient evidence: ITAT [Read Order]

Taxscan Team

The Income Tax Appellate Tribunal (ITAT) Ahmedabad bench held that addition under section 68 of the Income Tax Act,1961 on the assessee company is...

'True Copies' submitted before Income Tax Authorities do not have Evidentiary Value: ITAT [Read...

Passing Assessment Order by not following Order of ITAT is patently illegal and against Judicial...

Debiting Service Tax in Profit and Loss Account cannot be reason for treating that Assessee has not...

Penalty u/s 271 will not sustain on Unintentional failure in Disclosure of Income: ITAT [Read Order]

Depreciation claimed on Govt securities categorised as AFS is allowable: ITAT [Read Order]

The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) has held that depreciation claimed for the Government securities categorised as AFS is allowable The appellant was represented by Shri...

Limited Scrutiny can be converted to Complete Scrutiny only with Approval of PCIT in writing: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench comprising of Shri Mahavir Prasad, JM & Shri Waseem Ahmed, AM held that the AO can convert the Limited Scrutiny to Complete scrutiny on...

Payments to Medical Labs & Technicians as per Agreement for Screening of Sickle Cell Anemia in Tribal District under Govt Programme subject to TDS: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the provisions of TDS under section 194J and 194C of the Income Tax Act, 1961 applicable to the payments made to medical labs...

No Addition on Income when the Assessee has Fully Explained and Substantiated Sources with the Documentary Evidences: ITAT [Read Order]

The Indore Bench of The Income Tax Appellate Tribunal ( ITAT ) has held that no addition on income when the assessee has fully explained and substantiated sources with the documentary evidences. ...

Compensation for Sterilization of the Profit Earning Source is a Capital Receipt and not Liable to Tax: ITAT [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the amount of compensation received by the assesse for sterilization of the profit earning source is a capital receipt...

TDS not Deductible on issue of Recharge Vouchers by Cellular Service provider at lower rates: ITAT grants Relief to Vodafone India [Read Order]

In a major relief to the Vodafone India the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench ruled that the TDS is not deductible on the issue of recharge vouchers by cellular service...

TDS - recharge vouchers - cellular service - ITAT - Vodafone India - Taxscan

Disallowance made for Exempted Income not to be added for Computation of Book Profit: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench ruled that the disallowance made for Exempted Income not to be added for computing of Computation of book profit. The assessee, M/s. Sun...