Income Tax Exemption can’t be denied to BCCI merely because IPL is structured in more Profitable Manner
Board of Control for Cricket in India Vs PCIT (ITAT Mumbai) dated 02/11/2021
ITAT confirms addition of unexplained cash deposited in bank account
Shaheen Khan Vs ITO (ITAT Allahabad) dated 11th NOV 2021
Section 271(1)(c) penalty not sustainable if notice not specifies limb for levy of penalty
DCIT Vs Scooters India Ltd. (ITAT Lucknow) dated 02/11/2021
ITAT restores issue of Eligibility to claim depreciation on goodwill to AO
TUV Rheinland NIFE Academy Private Limited Vs ACIT (ITAT Bangalore) dated 01/11/2021
No addition on account of capitalization of royalty expenses as same is revenue in nature
Honda Motorcycle and Scooter India Pvt. Ltd. Vs ACIT (ITAT Delhi) dated 09/11/2021
Regards,
Bipul Kumar
Business So Simple 