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S. 263 not justified due to multiple view on applicability of TDS. [Neo Sports Broadcast Pvt.Ltd. vs. CIT (TDS) (ITAT Mumbai)].
No Addition u/s 68 if identity, creditworthiness and genuineness established. [DCIT vs. Overseas Infrastructure Alliance (I) Pvt. Ltd. (ITAT MUMBAI)].
No disallowance u/s. 14A on shares held as stock-in-trade. [Shri Paresh Pritamlal Mehta vs. Income Tax Officer, (ITAT, Pune)].
S. 274 notice must specify if it’s for concealment or for incorrect particulars. [Sanghavi Savla Commodity Brokers Pvt. Ltd. vs. ACIT (ITAT Mumbai)].
Additional Depreciation u/s 32(1) (iia) on printing and publishing :Circular No. 15/2016.
No Addition u/s 68 if identity, creditworthiness and genuineness established. [DCIT vs. Overseas Infrastructure Alliance (I) Pvt. Ltd. (ITAT MUMBAI)].
No disallowance u/s. 14A on shares held as stock-in-trade. [Shri Paresh Pritamlal Mehta vs. Income Tax Officer, (ITAT, Pune)].
S. 274 notice must specify if it’s for concealment or for incorrect particulars. [Sanghavi Savla Commodity Brokers Pvt. Ltd. vs. ACIT (ITAT Mumbai)].
Additional Depreciation u/s 32(1) (iia) on printing and publishing :Circular No. 15/2016.