Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
Page of 4792
Press 'Enter' after typing page number.
121 to 140 of 95833 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
ITAT held that the matter involving Section 153C assessment requires further investigation into search-related documents. The tribunal restored the case to CIT(A) for detailed examination of additional grounds raised by the assessee. Regarding Section 69A addition, the tribunal deleted the addition after finding the advanced amount was properly reflected in the assessee's books of accounts and the department could not substantiate contrary evidence. The tribunal also directed the Assessing Officer to consider the assessee's claim of setting off Long Term Capital Loss against Section 50C additions in accordance with applicable legal provisions.
ITAT held that the matter involving Section 153C assessment requires further investigation into search-related documents. The tribunal restored the case to CIT(A) for detailed examination of additional grounds raised by the assessee. Regarding Section 69A addition, the tribunal deleted the addition after finding the advanced amount was properly reflected in the assessee's books of accounts and the department could not substantiate contrary evidence. The tribunal also directed the Assessing Officer to consider the assessee's claim of setting off Long Term Capital Loss against Section 50C additions in accordance with applicable legal provisions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
