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ITAT Deletes Additions On Long Term Capital Gains On The Purported, Notional, Fictitious Sale Of Jewellery

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted the income tax addition on account of long-term capital gains on the purported, notional, and fictitious sale of jewellery.The. ....

New Delhi , Ballabh Prasad Aggarwal , Surya Food Agro Ltd , Priyagold Group , Delhi Bench , Income Tax Appellate Tribunal , Yogesh Kumar , Judicial Member , Accountant Member , Income Tax Act , Wealth Tax Return , Investigation Wing , Surya Food , Assessing Officer , Ballabh Prasad Aggarwal Versus , Long Term Capital Gains ,

ITAT Imposes Cost On Assessee For Being Delinquent And Lethargic In Pursuing The case Before The Authorities

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has imposed a fine of Rs. 2000 for being delinquent and lethargic in pursuing the matter before the tax authorities."Since the assessee has. ....

Anilkumar Champalal Jain , Narender Kumar Choudhry , Income Tax Department , Mumbai Bench , Income Tax Appellate Tribunal , Judicial Member , Accountant Member , Assessing Officer , Income Tax Act , Assessment Year , Anilkumar Champalal Jain Versus ,

AO Can't Make Addition On The Basis Of Statement Without Corroborating It With Any Other Material: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that an AO cannot make additions merely on the basis of a statement without corroborating it with any other material.The bench of. ....

Govindv Vikmani , Pavan Kumar Gadale , Parshwa Associates , Mumbai Bench , Income Tax Appellate Tribunal , Judicial Member , Accountant Member , Income Disclosure Scheme , Corroborating Material ,

Agricultural Operations Cannot Be Dubbed As 'Commercial Activity' Merely For Commercially Selling Hybrid Seeds And Open Pollinated Seed Varieties: ITAT

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that when agricultural activity is conducted and seeds are produced, merely because the seeds were sold commercially, the basic. ....

Andhra Pradesh , Hyderabad Bench , Income Tax Appellate Tribunal , Judicial Member , Rama Kanta Panda , Accountant Member , Assessing Officer , Income Tax Versus , Pravardhan Seeds , Agricultural Operations ,

ITAT Deletes Income Tax Addition Towards ESOP

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has deleted the income tax addition towards ESOP.The bench of Amit Shukla (Judicial Member) and Padmavathy S. (Accountant Member) has. ....

Unilever India Exports Limited Versus , Mumbai Bench , Income Tax Appellate Tribunal , Amit Shukla , Judicial Member , Accountant Member , Share Option Scheme , Income Tax ,