![Delay in Filing of Form 67 not ground to Deny Relief u/s 90 of Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Delay-filing-of-form-67-deny-Relief-Income-Tax-ITAT-taxscan.jpg "Delay in Filing of Form 67 not ground to Deny Relief u/s 90 of Income Tax: ITAT [Read Order]")
Delay in Filing of Form 67 not ground to Deny Relief u/s 90 of Income Tax: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) held that filing of form 67 is not mandatory in 128 (9) of Income Tax Rules,1962, and...
![No Incriminating Material Found against Oswal Fab Knits: ITAT deletes Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Chandigarh-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "No Incriminating Material Found against Oswal Fab Knits: ITAT deletes Additions [Read Order]")
![Inapplicability of 12A(1)(ba) Amendment for 2017-18 AY: ITAT grants Temple Trust Exemptions u/s 11&12 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Inapplicability-12A1ba-Amendment-2017-18-AY-ITAT-Temple-Trust-Exemptions-taxscan.jpg "Inapplicability of 12A(1)(ba) Amendment for 2017-18 AY: ITAT grants Temple Trust Exemptions u/s 11&12 [Read Order]")
No need for Form 26B Once Form 5 issued under VSV Act: Allahabad HC directs ₹2.19 Cr Refund to Dish TV [Read Order]
In a recent ruling, the Allahabad High Court held that once Form 5 was issued under the Vivad se Vishwas ( VSV ) Act, there was no requirement for filing Form 26B for claiming refunds. The court...
ITAT Dismisses Revenue's Appeal as Tax Effect Falls Below Rs. 60 Lakhs, in Accordance with CBDT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal filed by the Revenue as the tax effect was below Rs. 60 lakhs, and in accordance with the Central Board of Direct...
![ITAT Dismisses Revenues Appeal as Tax Effect Falls Below Rs. 60 Lakhs, in Accordance with CBDT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Delhi-Income-Tax-Appellate-Tribunal-ITAT-Dismisses-Revenues-Appeal-Revenues-Appeal-taxscan.jpg "ITAT Dismisses Revenues Appeal as Tax Effect Falls Below Rs. 60 Lakhs, in Accordance with CBDT [Read Order]")
Reassessment of Alleged Bogus LTCG/STCG Based on AO's Assumptions u/s 143(3) of Income Tax: ITAT remands case to CIT(A)
In a recent case, the Ranchi bench of the Income Tax Appellate Tribunal ( ITAT ) held that mere allegations of fake transactions cannot be the basis of further judicial proceedings. If any allegation...
IAS Sanjay Malhotra: Here’s What to Expect from the Engg Graduate turned RBI Governor [Part 2/3]
IAS Sanjay Malhotra’s appointment as Governor of the Reserve Bank of India (RBI) comes at a pivotal moment, with the nation’s economic narrative delicately balanced between the need for stimulative...
Security Interest shall Stand Relinquished On Default Payment of Liquidation Costs as per 21A(3) of Liquidation Regulations: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT) has held that if the secured creditor fails to pay the liquidation costs within 90 days after its intention to realise the...
Section 14A Disallowance: ITAT Directs Restricting Disallowance to Rs. 12 Lakh, Following Previous Year's Ruling [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) set aside the matter for the Assessment Year (AY) 2016-17, directing the disallowance under section 14A of the Income Tax Act, 1961 to be...
![Section 14A Disallowance: ITAT Directs Restricting Disallowance to Rs. 12 Lakh, Following Previous Years Ruling [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Section-14A-ITAT-Directs-Section-14A-Disallowance-ITAT-Ahmedabad-Income-Tax-CITAs-order-taxscan.jpg "Section 14A Disallowance: ITAT Directs Restricting Disallowance to Rs. 12 Lakh, Following Previous Years Ruling [Read Order]")
Karta of Hindu Undivided Family Wins Partial Relief at ITAT: Tribunal Sets Aside Addition for Re-calculation [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) while partly allowing the appeal held that a Hindu Undivided Family (HUF) is entitled to capital gain exemption under Section 54F of...
![Karta of Hindu Undivided Family Wins Partial Relief at ITAT: Tribunal Sets Aside Addition for Re-calculation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Ahmedabad-Karta-awarded-relief-Karta-of-Hindu-Undivided-Family-Taxscan.jpg "Karta of Hindu Undivided Family Wins Partial Relief at ITAT: Tribunal Sets Aside Addition for Re-calculation [Read Order]")