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Mahavir Singh

ITAT deletes Addition of 'Deemed Dividend' in the Absence of Proof to establish Payment to Shareholder of Company [Read Order]

The Income Tax Appellate Tribunal ( ITAT ) Chennai Bench deleted the addition of “Deemed Dividend” in the absence of proof to establish payment to a...

Customary Practice of NRI Providing Cash to Parents not 'Suspicious': ITAT deletes Cash Deposit by...

Delay due to Belated Audit of Accounts by Dept. of Cooperative Audit: ITAT deletes Penalty [Read...

Principal Component of Lease Rental can be treated as Revenue Expenditure u/s 37: ITAT [Read Order]

Purchase of 120 Computers by Publishers cannot be said for ‘Personal Use’: ITAT allows Depreciation...

Initiation of Penalty Proceedings u/s.271(1)(c) on a Defective Notice is Invalid: ITAT [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal has held that initiation of penalty proceedings u/s.271(1)(c) on a defective notice is invalid. The assessee, Shri R. Sathiamurthy, is an...

Penalty cannot be levied based on Estimate Addition: ITAT [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the penalty order under section 271(1)(c) of the Income Tax Act, 1961 cannot be levied merely based on estimate...

Provisions of Sec 44AD not applicable to Commission Agents: ITAT [Read Order]

The ITAT, Chennai bench has held that the provisions of Section 44AD of the Income Tax Act, 1961 cannot be applied to commission agents who are doing business of agency commission or earning...

No Representation before Tribunal despite 22 Postings: ITAT dismisses Appeal as Un-admitted, Refuses to Condone Delay [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal (ITAT), on Friday dismissed an appeal filed by the assessee for want of representation before the Tribunal despite having fixed the hearing on...

Compensation to Developer on Termination of JDA cannot be claimed as 'Project Expenditure': ITAT upholds Addition [Read Order]

The Chennai bench of the ITAT has held that the amount of compensation paid to the developer on termination of a Joint Development Agreement cannot be claimed as “Project Expenditure” under the...

Expenditure incurred on Leased Property to produce Right Ambience to Attract Customers is Allowable: ITAT [Read Order]

The Income Tax Appellate Tribunal, Chennai bench has held that the amount of expenses incurred on a leased property in order to produce the right ambience to attract customers shall be allowable as...

Appellate Authority shall dispose Appeal on Merits even in the Absence of Assessee during Proceedings: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the appellate authority shall dispose the appeal on merits even in the absence of assessee during proceedings. The assessee, Mr....

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