Disallowance u/s 040(a)(ia) - the amount paid by the AOP ...

Joint Venture Payment Disallowance Reversed as Payee Filed Income Tax Returns per Section 40(a)(ia) Compliance.

September 8, 2016

Case Laws Income Tax AT

Disallowance u/s 040(a)(ia) - the amount paid by the AOP (Joint-venture) to its member without deduction of tax - works contract, since the payee has admittedly filed its return of income disclosing the impugned receipts and income earned by it embedded in the receipt has been duly offered for taxation, disallowance deleted - AT

View Source

← Previous Next →

Disallowance u/s 040(a)(ia) - the amount paid by the AOP ...

Joint Venture Payment Disallowance Reversed as Payee Filed Income Tax Returns per Section 40(a)(ia) Compliance.

September 8, 2016

Case Laws Income Tax AT

You may also like:

CBDT extends due date for filing Income Tax Returns and Tax Audit Reports

Validity of manual revised returns filed - scheme of demerger approved - scheme of arrangement approved by NCLT required Petitioner and Hind Lamps to file revised...

Penalty u/s.271AAB - Belated filing of regular return after search - Penalty cannot be levied u/s.271AAB of the Act, in respect of income disclosed in regular return of...

Credit of TDS can be given only in the hands where income therefrom is subjected to tax. If accrual of income in respect of the receipts received dejure by joint venture...

Proceeding of Criminal Case u/s 276CC of the Income Tax Act - Proof of willful default in filing the return - As the applicant has filed the income tax return in time as...

The High Court rejected the condonation of delay in filing income tax returns, as the returns were handled by a Chartered Accountant who could not take timely steps due...

Disallowance of exemption claimed u/s 54EC - non filling ROI - investment made in REC - assessee has neither filed return of income u/s 139(1) of the Act, nor in...

Benefit of accumulation of income u/s.11(2) - denial of claim on non-submission of Form No.10 along with return of income - In this case, the assessee claims that...

Levy of service tax - contribution to Joint Venture / Partnership arrangements - it is clearly impermissible to hold that the contribution made by a co-venturer...

Charitable institution invested funds in shares of joint venture companies, violating Section 13(1)(d). Exemption u/s 11 denied for income from such investment. However,...

Section 80P deduction claim filed in a return submitted in response to notice u/s 142(1) is valid. The Income Tax Act does not mandate that the return must be filed u/ss...

Date for filing of Income Tax Returns extended from 31.7.2019 to 31.8.2019

Income-tax (Second Amendment) Rules, 2019 - Filing of Returns (ITR) for the Assessment Year 2019-2020

Electronic Verification CODE (EVC) for electronically filed Income Tax Return - Additional Modes - Notification

Electronic Verification Code (EVC) for electronically filed Income Tax Return - procedures, data structure and standards - Notification

Quick Updates: