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E-Filing Of "Audit Report" Beyond The Date, Violative Of CBDT Circular: ITAT Denies Section 11 Exemption to Trust

The Raipur Bench of the Income Tax Appellate Tribunal (ITAT) refused to grant the exemption under Section 11 of the Income Tax Act on the grounds that the trust e-filed the "audit report" in Form 10B. ....

Madhya Pradesh , Raipur Bench , Income Tax Appellate Tribunal , Income Tax Act , Ravish Sood , Income Tax Rules , Income Tax , Shri Jain Shwetamber Murtipujak Sangh Versus , Pe Filing , Audit Report ,

Additions Can't Be Made In Absence Of Incriminating Material: ITAT Deletes Income Tax Addition

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the additions could not have been made in the absence of any incriminating material.The bench of Kavitha Rajagopal (Judicial. ....

Bhavya Pankaj Shah , Mumbai Bench , Income Tax Appellate Tribunal , Kavitha Rajagopal , Judicial Member , Accountant Member , Assessing Officer , Bhavya Pankaj , Income Tax , Incriminating Material ,

ITAT Allows Income Tax Deduction On Effluent Water Treatment

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has allowed the income tax deduction on effluent water treatment.The bench of Amit Shukla (Judicial Member) and Gagan Goyal (Accountant. ....

Viral Alkalis Ltd , Mumbai Bench , Income Tax Appellate Tribunal , Amit Shukla , Judicial Member , Gagan Goyal , Accountant Member , Income Tax , Maharashtra Pollution Control Board , Vinati Organics , Maharashtra Pollution Board , Viral Alkalis , Income Tax Deduction , Effluent Water Treatment ,

Income To Be Computed First After Making The Disallowance And Only 40% Resultant Income Has To Be Treated As Taxable Income: ITAT

The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has held that the income of the assessee should be computed first after making the disallowance and whatever the resultant income only 40% of. ....

West Bengal , Stewart Holl India Limited Versus , Provident Fund , Kolkata Bench , Income Tax Appellate Tribunal , Income Tax Rules , Sanjay Garg , Judicial Member , Rajesh Kumar , Accountant Member , Assessing Officer , Stewart Holl , Limited Versus Assistant Director ,

Mere Payment By Account Payee Cheque Is Not Sacrosanct : ITAT Disallows Exemption On Penny Stock

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that mere payment by account payee check is not sacrosanct, nor can it make a non-genuine transaction genuine.The bench of Astha. ....

Sangeeta Devi Jhunjhunwala , Delhi Bench , Income Tax Appellate Tribunal , Aastha Chandra , Judicial Member , Accountant Member , Income Tax Act , Sangeeta Devi Jhunjhunwala Versus , Penny Stock , Payee Cheque ,