Just a moment...

⚠✕
Report
FeedbackReport
Bars
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error ✕
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search ✕
  1. Put words in double quotes for exact word search, eg: "income tax"
  2. Avoid noise words such as : 'and, of, the, a'
  3. Sort by Relevance to get the most relevant document.
  4. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
    5. Text Search
  5. The system will try to fetch results that contains ALL your words.
  6. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
    7. Text Search
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :
❮❮ Hide
Expand ❯❯
Close ✕
Filter in All Highlights ❯
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Law:
---- All Laws----❯
  • ---- All Laws----
  • Income Tax
  • Direct Taxes
  • Benami Property
  • Central GST Laws
  • SGST - State GST Laws
  • Customs
  • FTP - Foreign Trade Policy
  • SEZ - Special Economic Zone
  • FEMA - Foreign Exchange Management
  • Companies Law
  • SEBI - Securities & Exchange Board of India
  • IBC - Insolvency and Bankruptcy
  • PMLA - Money-Laundering
  • Indian Laws
  • Bill / Finance Bills
  • Wealth Tax
  • Service Tax
  • Central Excise
  • VAT / Sales Tax
Month:
---- All Months ----❯
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----❯
  • ---- All Years ----
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
    July 14, 2025 Circulars Customs
    Customs Launches Trade Facilitation Centre to Streamline Queries and Grievances for Importers and Exporters
    July 14, 2025 Case Laws Income Tax
    ITAT Upholds Deletion of Additions Under Section 68 for Share Capital, Orders Reconsideration of Advances Evidence
    July 14, 2025 Case Laws Income Tax
    Section 43B Disallowance Unsustainable When GST Liability Adjusted Before Due Date, Not Debited as Expense
    July 14, 2025 Case Laws IBC
    Appellate Tribunal Upholds Resolution Plan Approval, Rejects Late Tax Claims Under Section 30(2) of IBC
    July 14, 2025 Case Laws IBC
    Appeal dismissed for delay exceeding 30-day limit plus 15-day extension under Section 14 Limitation Act
    July 14, 2025 Case Laws Indian Laws
    Central Act 2005 Overrides State Act 1975, Affirming Daughters' Coparcenary Rights by Birth Under Section 254(1)
    July 14, 2025 Case Laws GST
    Petition Dismissed for Bypassing Mandatory Pre-Deposit Requirement Under Article 226 Jurisdiction
    July 14, 2025 Case Laws Income Tax
    Reopening Assessment Needs Only "Information Suggesting" Income Escapement Under Section 148, AO Must Consider Assessee's Response
    July 14, 2025 Case Laws Income Tax
    AO exceeded scrutiny limits on demonetization cash deposits without PCIT approval, violating Instruction No.225/402/2018/ITA.II; Section 68 addition q...
    July 14, 2025 Case Laws Income Tax
    Section 2(22)(e) Deemed Dividend Rules Not Applicable on Loans from Sister Concerns; Section 68 Loan Addition Deleted
    July 14, 2025 Case Laws Income Tax
    ITAT Allows Reapplication for Registration Under Section 12AB After Curable Defects Found in Trust Deed
    July 14, 2025 Case Laws Income Tax
    Lease Rental Income Disallowed Under Section 80IC for Lack of Direct Nexus with Manufacturing Activity
    July 14, 2025 Case Laws GST
    Failure to allow cross-examination under CGST Act violates natural justice, tax and penalty set aside, case remanded
    July 14, 2025 Case Laws Income Tax
    Validity of reassessment under Section 147 and 143(3) upheld; fresh inquiry ordered under Section 68 for share application money
    July 14, 2025 Case Laws Income Tax
    Lease Income Classified as Business Income Under Income Tax Law, Overruling Previous House Property Label
    July 14, 2025 Case Laws Customs
    Unlawful Detention of Gold Bangles Without SCN Violates Natural Justice Under Customs Act Sections 110 & 124
    July 14, 2025 Case Laws IBC
    SC upholds dismissal of appeal on alleged fraudulent transactions under Section 66 of IBC, 2016
    July 14, 2025 Case Laws Companies Law
    NCLAT Upholds Order Denying Secretarial Audit Under Section 420(2) of Companies Act, Citing Non-Operational Status
    July 14, 2025 Case Laws Income Tax
    Intimation under Section 143(1) invalid if issued before 30-day response period ends, disallowance deleted
    July 14, 2025 Case Laws Money Laundering
    Civil courts lack jurisdiction over cultivation rights; only revenue courts can decide under Tamil Nadu Act 1956 Section 5
❮

Are you sure you want to delete "My most important" ?

NOTE:

Highlights

Home / Highlights / Income Tax / 2024 / May, 2024 / This
Back

All Highlights

Showing Results for : Law : AllReset Filters
Kindly select a record to view
Show Listing
Case ID :
Income Tax

Addition made u/s. 40A(2)(b) for excess payment made to related...

Tribunal Removes Tax Addition, Acknowledges Evidence of Higher Rates from Unrelated Parties and Lack of Tax Advantage Motive.

📋
Contents
Note

Note

Note

Bookmark

print

Print

Print Options

Income TaxMay 14, 2024Case LawsAT

Addition made u/s. 40A(2)(b) for excess payment made to related party - The tribunal noted that the assessee provided substantial evidence of higher purchase rates from unrelated parties and that both entities were in a loss scenario, negating any tax advantage motive. Thus, the addition was deleted.

View Source View

You may also like:

Topics

ActsIncome Tax
Next ➔