Taxcharcha
Income TaxRecent Case Laws

Where the assessing officer made certain additions on the basis of the information provided by DGIT (Inv.) , Mumbai, the same holds valid- ITAT Mumbai

by Team Taxcharcha0670
M/S ADMACH AUTO LIMITED, ITA NO. 9543/DEL/2019

 

 

[docxpresso file=”https://taxcharcha.com/wp-content/uploads/2019/03/ITAT-Mumbai.odt” comments=”true” SVG=”true”]

Since the information is provided by the DGIT(Inv) , Mumbai and the proceedings of escapement of income initiated on the basis of the same, the disallowance made due to bogus purchases and the proceedings hold valid.

To download, ITA 5078 OF RISHABH

Related posts

In terms of section 194A(1), The time of deduction of tax u/s 194A(1) is undisputedly time at which interest is to be credited to account of payee or when it is paid in cash/cheque or draft therefore, deduction of tax at source on interest income before close of financial year concerned as provided under section 194A(4) would not obligate assessee bank from penalty for not deducting tax at source at time of credit of said income in payee’s account – HC Allahabad

Team Taxcharcha

That the disallowance u/s 14A read with Rule 8D cannot exceed the actual exempt income received by the assessee during the year. We, therefore, set aside the order of the CIT(A) and direct the Assessing Officer – ITAT Delhi

Team Taxcharcha

Karnataka AAR – Anil Kumar Agrawal – Executive Director Salary exempt from GST

Team Taxcharcha