Kerala High Court Grants Income Tax Exemption For Agricultural Land Income Under Section 10(1) Of IT Act The Kerala High Court has ruled that the land in question was utilized for agricultural...
ITAT: Subsidy Granted as an Incentive for Encouraging to Setup Industries Not to be Treated as Revenue Receipt The Income Tax Appellate Tribunal (ITAT), Pune, coram comprising of Partha Sarathi...
ITAT: Tax Authorities are Justified in Making Disallowances/Additions if Taxpayers Fails to Substantiate Claims with Sufficient Evidence The Income Tax Appellate Tribunal (ITAT), Delhi, coram...
ITAT: No Penalty Can be Levied for Venial Technical Breach Without ‘Mala Fide Intention’ under Section 271B of Income Tax Act The Income Tax Appellate Tribunal (ITAT), Chennai has observed that when...
ITAT Permitted Claim of Depreciation on Fixed Assets as ‘Plant & Machinery’ for Promotion of Public Objects Without Commercial Motive The Income Tax Appellate Tribunal (ITAT), Ahmedabad, by its...
Karnataka High Court Reiterates: As Long as Exemption Certificate is in Force Income Tax Authorities Are Bound by the Same The Karnataka High Court by its division judge’s bench of Justices P.S....
ITAT: Amount Paid Pursuant to Consent Decree in Suit for Specific Performance Cannot be Subjected to Capital Gains Tax The Income Tax Appellate Tribunal (ITAT) Mumbai, by its coram comprising of G.S....
ITAT: Income Earned by Non-Resident Service Provider with no Permanent Establishment in Inda is not Taxable The Income Tax Appellate Tribunal (ITAT), Delhi while upholding the findings of the...
ITAT: Deduction Allowed on Loss Incurred Against Chit Fund Money Used in Business The Income Tax Appellate Tribunal (ITAT), Delhi by its division member bench of Anubhav Sharma (Judicial Member) and...
ITAT: Non-Compete Fee Related to Profession is Taxable only with effect from Assessment Year 2017-2018 The Income Tax Appellate Tribunal (ITAT), Delhi by its division bench of Astha Chandra (Judicial...
Supreme Court: Panchnama Last Drawn Date is the Starting Point of Limitation of Two Years for Completing Block Assessment Under Income Tax Act The Supreme Court by its coram comprising of Justices...
ITAT: Expenditure Incurred by Flipkart Towards ESOP Eligible for Deduction Under Section 37 of Income Tax Act The Income Tax Appellate Tribunal (ITAT), Bangalore in a cross appeal observed, that...
