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Section 14A Disallowance Cannot Be More Than Exempted Income: ITAT

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that section 14A disallowance cannot be more than exempted income.The bench of G.S. Pannu (President) and Sandeep Singh Karhail. ....

Sandeep Singh Karhail , Nirved Tradersp Ltd , Bombay High Court , Royal Twinkle Star Club Pvt , Mumbai Bench , Income Tax Appellate Tribunal , Judicial Member , Income Tax Act , Nirved Traders , Royal Twinkle Star Club , Ection 14a , Xempted Income ,

Department Can Bring Expenditure Incurred In Earlier Years To Be Taxed In Subsequent Years On Grounds Of Bogus Expenditure: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has observed that the department can bring expenditures incurred in earlier years to be taxed in subsequent years on grounds of bogus. ....

Delhi Bench , Income Tax Appellate Tribunal , Accountant Member , Assessing Officer , Sundry Creditors , Amit Saree , Rangoli Collection , Pradeep Sawhney Versus ,

There Cannot Be Any Addition Of The Regular Items Which Were Disclosed By The Assessee In The Regular Books Of Accounts: ITAT

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that there cannot be any addition of the regular items that were disclosed by the assessee in the regular books of accounts.The. ....

Shri Basantr Agarwal , Industries Ltd , Ahmedabad Bench , Income Tax Appellate Tribunal , Madhumita Roy , Judicial Member , Waseem Ahmed , Accountant Member , Shri Basant , Account Books ,