Read all Latest Updates on and about Manish Borad

Top

Begin typing your search above and press return to search.

Home
»
Manish Borad

Adhoc Disallowance Without Complete Verification Unsustainable: ITAT Deletes ₹22 Lakh Addition for Cash Purchases from URD

Navasree A.M

In a matter of jewellers and traders dealing with unregistered vendors, the Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that...

AO Estimates Profit without Rejecting Books, Relies on Faulty Comparison with Sister Concern: ITAT...

STCG already Taxed: ITAT deletes Rs. 1.20 Crore Wrong addition [Read Order]

Discrepancies in TDS deduction: ITAT Remands Matter due to Lack of Proper Hearing [Read Order]

AO Adds Gross Receipt of ₹24,89,121 u/s 144 for Commission Income Instead of Net Income: ITAT...

Delay in Filing ITR due to COVID-19 Pandemic: ITAT remands matter to consider Condonation of Delay [Read Order]

In a recent ruling, the Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) directed CIT(A) to consider the case of the assessee by condoning the delay as the reason for delay has been...

Mere Suspicion cannot be a Ground for Issuance of Notice u/s 148 of the Income Tax Act: ITAT [Read Order]

In a recent case, the Kolkata Bench of The Income Tax Appellate Tribunal ( ITAT ) has held that mere suspicion cannot be a ground for issuance of notice under section 148 of the Income Tax Act,...

Subsidy received in form of VAT reimbursement from State Governments towards Industrialization shall be termed Capital Receipt: ITAT grants relief to Britannia Industries [Read Order]

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) while granting relief to Britannia Industries held that the subsidy received in the form of Value Added Tax (VAT) reimbursement from the...

No Weighted Average Cost of Capital method can be applied for purpose of computing ALP of Royalty income: ITAT Upholds Deletion of Adjustments in favour of Britannia Industries [Read Order]

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) upheld the deletion of adjustments in favor of Britannia Industries and held that the weighted average cost of capital (WACC) method...

Relief to Britannia Industries: ITAT Allows claim of Deduction for Lease Premium on ground of Absence of Capital Expenditure [Read Order]

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) granted relief to Britannia Industries by allowing the claim of deduction for lease premium on the ground of the absence of capital...

Interest Bearing Funds Not Applied for the Purpose of Making Investments: ITAT Deletes Disallowance u/s 14A r.w.r 8D(2)(ii) of Income Tax Rules [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has deleted the disallowance made under Section 14A of the Income Tax Act 1961 read with Section 8D(2)(ii) of the Income Tax Rules 1962. ...