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23 orders · Page 1 of 1
The Tribunal held that the excess stock found during the survey, which was declared by the assessee and had a clear nexus with its business, should be taxed as business income at normal rates, not under Section 115BBE. However, the ground regarding the arithmetic error in total income computation was dismissed.
The Tribunal found that the assessee had provided detailed documents, including purchase bills and a list of farmers from whom agricultural products were purchased. The Tribunal set aside the matter to the AO for de-novo reconsideration of the addition.
The Tribunal held that commission payments for services rendered outside India to a non-resident without a Permanent Establishment in India are not subject to TDS under Section 195. Consequently, disallowance under Section 40(a)(ia) is not warranted.
The Tribunal upheld the CIT(A)'s decision, allowing depreciation at 80% based on previous ITAT rulings in the assessee's own case. The disallowance of interest on borrowed funds was also deleted, as the funds were used for business purposes.
The Tribunal upheld the orders of the lower authorities, finding that the assessee failed to produce confirmations and proof for the interest payments. The disallowance of interest was therefore sustained.
The ITAT set aside the appeals to the CIT(A), directing the assessee to produce all relevant documents for sustaining the claim for CSR activities. The assessee was also to be given a reasonable opportunity to present its case.
The Tribunal found that the legal issue regarding the non-issuance of the Section 143(2) notice was vital and needed to be adjudicated by the CIT(A). Consequently, the matter was set aside to the CIT(A) for a fresh adjudication of both legal and factual grounds.
The ITAT set aside the appeals to the CIT(A), directing the assessee to produce all relevant documents for sustaining the claim for CSR activities. The assessee was also to be given a reasonable opportunity to present its case.
The Tribunal held that the payments were reimbursement of expenses, not commission, and therefore not liable for TDS under Section 194H. This decision was based on previous ITAT orders for the preceding assessment years with similar facts.
The Tribunal held that the second proviso to Section 40(a)(ia), which allows expenditure if the payee has paid taxes, is curative and retrospective. Based on evidence that the payees included the amounts in their income and paid taxes, the disallowance was deleted.
The Tribunal held that interest income earned by the assessee society on investments made with cooperative banks, which are also cooperative societies, is eligible for deduction under Section 80P(2)(d). The matter was remanded to the Assessing Officer for verification.
The Tribunal held that in view of CBDT Circular No. 17/2019 and its subsequent clarification, appeals with a low tax effect are not maintainable and are to be treated as withdrawn. Therefore, the appeal filed by the Revenue was dismissed.
The Tribunal held that in view of CBDT Circular No. 17/2019 and its subsequent clarification, the appeal filed by the Revenue is not maintainable due to low tax effect and is to be treated as withdrawn.
The Tribunal upheld the CIT(A)'s decision, noting that the AO had taken a divergent stand compared to previous assessment years for the same assessee without justification. The Tribunal found no reason to interfere with the CIT(A)'s order.
The Tribunal held that the CIT(E) did not grant due opportunity of hearing to the assessee, violating principles of natural justice. The impugned order was set aside, and the matter was restored for fresh adjudication.
The Tribunal held that the appeal filed by the Revenue was not maintainable due to low tax effect, as per the CBDT Circulars. The appeal was treated as withdrawn and dismissed.
The ITAT held that as per CBDT Circular No. 17/2019, appeals with a tax effect of Rs. 50 lakhs or less should not be filed by the Revenue. This circular is applicable retrospectively to pending appeals.
The ITAT held that as per CBDT Circular No. 17/2019, appeals with a tax effect of Rs. 50 lakhs or less should not be filed by the Revenue. This circular is applicable retrospectively to pending appeals.
The ITAT held that as per CBDT Circular No. 17/2019, appeals with a tax effect of Rs. 50 lakhs or less should not be filed by the Revenue. This circular is applicable retrospectively to pending appeals.
The ITAT held that as per CBDT Circular No. 17/2019, appeals with a tax effect of Rs. 50 lakhs or less should not be filed by the Revenue. This circular is applicable retrospectively to pending appeals.
The ITAT held that as per CBDT Circular No. 17/2019, appeals with a tax effect of Rs. 50 lakhs or less should not be filed by the Revenue. This circular is applicable retrospectively to pending appeals.
The ITAT held that as per CBDT Circular No. 17/2019, appeals with a tax effect of Rs. 50 lakhs or less should not be filed by the Revenue. This circular is applicable retrospectively to pending appeals.
The ITAT held that as per CBDT Circular No. 17/2019, appeals with a tax effect of Rs. 50 lakhs or less should not be filed. This circular is applicable retrospectively to pending appeals.