ITAT Rules MAT Not Applicable to Nationalised Banks; Grants Relief The assessee, M/s UCO Bank, a nationalised bank constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, filed its return for AY 2013-14. During assessment, the Assessing Officer (AO) made multiple additions, including disallowance of provision for leave encashment under Section 43B(f),…
ITAT Sets Aside Appeal Dismissal for Non-Prosecution, Orders Fresh Hearing The assessee, a partnership firm engaged in civil construction, filed its return for AY 2023-24 declaring income of Rs 26,776,510. The case was selected for scrutiny, and assessment was completed at Rs 59,803,455 after making three additions and disallowances for non-deduction of TDS under Sections…
ITAT Rules in Favor of MakeMyTrip: AMP Expenses Held as Revenue Expenditure, No TDS on Payment Gateway Charges The Income Tax Appellate Tribunal (ITAT), adjudicated a series of appeals involving M/s. Make My Trip (India) Pvt. Ltd. for multiple assessment years, primarily focusing on Assessment Year 2009-10. The Revenue challenged the deletion of significant additions…
We use cookies to improve your experience on our site. By using our site, you consent to cookies.
Manage your cookie preferences below:
Essential cookies enable basic functions and are necessary for the proper function of the website.
These cookies are needed for adding comments on this website.
Statistics cookies collect information anonymously. This information helps us understand how visitors use our website.
Google Analytics is a powerful tool that tracks and analyzes website traffic for informed marketing decisions.
Service URL: policies.google.com (opens in a new window)
You can find more information in our Cookie Policy and Private: Privacy Policy for BizFlowKit.