Varda Marakkar
![Income Tax Notices Sent via Email against Assessees Request: ITAT Sets aside CIT(A)’s Ex Parte Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Ahmedabad-Income-Tax-Notices-Ex-Parte-Order-Taxscan.jpg "Income Tax Notices Sent via Email against Assessees Request: ITAT Sets aside CIT(A)’s Ex Parte Order [Read Order]")
Income Tax Notices Sent via Email against Assessee's Request: ITAT Sets aside CIT(A)’s Ex Parte Order [Read Order]
The Ahmedabad “B” bench of Income Tax Appellate Tribunal ( ITAT ) in a recent case set aside an ex parte order passed against the appellant, noting...
![No Nexus Between Borrowed Funds and Tax-Exempt Investments: ITAT quashes s.14A Disallowance under Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Nexus-Borrowed-Funds-Tax-Exempt-Investments-ITAT-Disallowance-Income-Tax-taxscan.jpeg "No Nexus Between Borrowed Funds and Tax-Exempt Investments: ITAT quashes s.14A Disallowance under Income Tax [Read Order]")
![AO Conducted Proper Inquiry into S.80P Deduction Claim by Co-Op Society: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/AO-Deduction-Claim-Co-Op-Society-ITAT-Revision-Order-taxscan.jpg "AO Conducted Proper Inquiry into S.80P Deduction Claim by Co-Op Society: ITAT quashes Revision Order [Read Order]")
![ITAT Rejects Allegation of Fabricated LTCG, Validates Sale Price of Unquoted Shares [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Fabricated-LTCG-Sale-Price-Unquoted-Shares-taxscan.jpg "ITAT Rejects Allegation of Fabricated LTCG, Validates Sale Price of Unquoted Shares [Read Order]")
![Non-Consideration of Additional Reply and Hearing Request: Madras HC quashes TNGST Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Madras-High-Court-TNGST-Tamil-Nadu-Goods-and-Services-Tax-Principles-of-Natural-Justice-taxscan.jpg "Non-Consideration of Additional Reply and Hearing Request: Madras HC quashes TNGST Order [Read Order]")
Inadequate Inquiry into Rs. 9.30 Crore Property Investment: ITAT Upholds PCIT's Revision Order [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) of Ahmedabad in a recent case, upheld a revision order passed by the Principal Commissioner of Income Tax ( PCIT ) under Section 263 of Income Tax Act 1961,...
![Inadequate Inquiry into Rs. 9.30 Crore Property Investment: ITAT Upholds PCITs Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Ahmedabad-ITAT-Upholds-PCIT-ITAT-Upholds-Revision-Order-Investment-Taxscan.jpg "Inadequate Inquiry into Rs. 9.30 Crore Property Investment: ITAT Upholds PCITs Revision Order [Read Order]")
Madras HC quashes Adverse GST Order issued due to Non-Appearance, grants Reconsideration with Conditions [Read Order]
In a recent case, the Madras High Court ( Madras HC ) has quashed a adverse GST ( Goods and Services Tax ) order passed against the petitioner by the department due to the petitioner’s non-appearance...
![Madras HC quashes Adverse GST Order issued due to Non-Appearance, grants Reconsideration with Conditions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Madras-High-Court-GST-Order-GST-GST-Order-issued-Grants-Reconsideration-Taxscan.jpg "Madras HC quashes Adverse GST Order issued due to Non-Appearance, grants Reconsideration with Conditions [Read Order]")
S.68 of Income Tax Act not Attracted on Violation of RBI Notifications if Nature of Cash Deposit Adequately Explained: ITAT [Read Order]
The Ahmedabad “A” bench of the Income Tax Appellate Tribunal ( ITAT ) in a recent case held that additions under section 68 of the Income Tax Act 1961 ( ITA ) are not to be attracted upon violation...
![S.68 of Income Tax Act not Attracted on Violation of RBI Notifications if Nature of Cash Deposit Adequately Explained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Income-Tax-Act-ITAT-RBI-Notifications-RBI-cash-deposit-case-TAXSCAN.jpeg "S.68 of Income Tax Act not Attracted on Violation of RBI Notifications if Nature of Cash Deposit Adequately Explained: ITAT [Read Order]")
Failure to disclose New GST Registration does not Justify GST Appeal Dismissal: Allahabad HC [Read Order]
The Allahabad High Court in a recent case observed that the appellant’s failure to disclose new GST registration did not justify the lower authority’s action of dismissing the appellant’s GST appeal,...
![Failure to disclose New GST Registration does not Justify GST Appeal Dismissal: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/GST-New-GST-Registration-GST-Registration-GST-Appeal-Dismissal-Allahabad-High-Court-taxscan.jpg "Failure to disclose New GST Registration does not Justify GST Appeal Dismissal: Allahabad HC [Read Order]")
Incomplete Interest Income Verification: ITAT Orders Revaluation of Co-op Society's 80P Deduction Eligibility [Read Order]
Recently, the Bangalore bench of Income Tax Appellate Tribunal (ITAT) ordered the reevaluation of a Co-Operative Society’s income tax deduction eligibility under section 80P of the Income Tax Act...
![Incomplete Interest Income Verification: ITAT Orders Revaluation of Co-op Societys 80P Deduction Eligibility [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Interest-Income-Interest-Income-Verification-ITAT-Co-op-Society-Co-op-Societys-80P-Deduction-Eligibility-Incomplete-Interest-Income-Verification-ITAT-Orders-Revaluation-income-tax-tax-news-taxscan.jpg "Incomplete Interest Income Verification: ITAT Orders Revaluation of Co-op Societys 80P Deduction Eligibility [Read Order]")
Non-Filing of ITR due to Bonafide Misunderstanding: ITAT quashes Penalty u/s 270 of Income Tax Act [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) in a recent case quashed a penalty levied under section 270 of the Income Tax Act 1961, noting that the assessee failed to file...
![Non-Filing of ITR due to Bonafide Misunderstanding: ITAT quashes Penalty u/s 270 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Bangalore-ITAT-ITAT-Quashes-Income-Tax-Act-Income-Tax-Appellate-Tribunal-ITR-section-270-of-the-Income-Tax-Act-Non-Filing-of-ITR-Income-Tax-Return-Bonafide-TAXSCAN.jpg "Non-Filing of ITR due to Bonafide Misunderstanding: ITAT quashes Penalty u/s 270 of Income Tax Act [Read Order]")
No Violation of Section 171 of GST Act Found: CCI drops Anti-Profiteering Investigation against Housing Developers [Read Order]
The Competition Commission of India ( CCI ) recently dropped an anti-profiteering investigation against a housing developer citing that the developer in question did not violate section 171(1) of...
![No Violation of Section 171 of GST Act Found: CCI drops Anti-Profiteering Investigation against Housing Developers [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/No-Violation-Section-171-of-GST-Act-CCI-Anti-Profiteering-Investigation-Housing-Developers-taxscan.jpg "No Violation of Section 171 of GST Act Found: CCI drops Anti-Profiteering Investigation against Housing Developers [Read Order]")