Latest Income Tax News, Updates & Judgments

Top

Begin typing your search above and press return to search.

Home
»
Income Tax

Delay in Filing Form 10B and ITR Due to COVID: Madhya Pradesh HC Allows Condonation Citing Supreme Court’s Limitation Extension [Read Order]

Sneha Sukumaran Mullakkal

The High Court of Madhya Pradesh allowed condonation of delay in filing Form 10, Form 10B, and the income tax return by a charitable society, noting...

Project Completion Method Upheld: ITAT Deletes ₹3.56 Crore Addition for Real Estate Developer [Read...

S.40(a)(ia) Not Applicable to short deduction of TDS: Uttarakhand HC Dismisses Income Tax Appeal...

S. 238 of IBC cannot Override PMLA in Cases Involving Proceeds of Crime: NCLAT [Read Order]

ITAT Rules Non-Submission of Provisional Registration Copy for S.12AB Registration Not a Ground to...

Reassessment After 4 Years With Same Set of Facts Which Already Available During Original Assessment Legally Bad: ITAT [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the reassessment order and declared the reopening of the assessment for Assessment Year (AY) 2012-13 after 4 years with the...

Consider GST Registration and Import Export Certificate for Proprietor Claim: ITAT Remands FTC Matter for Verification [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the order of the Commissioner of Income Tax (Appeals) [CIT(A)] and directed to verify the assessee’s claim as proprietor of...

BroadBand and Bandwidth Charges Not a Royalty: ITAT Dismisses TDS claim of Revenue [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the Revenue’s appeals and upheld the Commissioner of Income Tax (Appeals) [CIT(A)] order that deleted disallowances...

ITAT Quashes Reassessment Against Assessee in NSEL Scam Matter: Says No Failure to Disclose Material Facts [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), has quashed the reassessment initiated against Asha Viren Raj for Assessment Year 2012-13. The Tribunal held that the reopening of...

Conditions For Donees U/s 80G Satisfied: ITAT Allows Deduction of CSR Donations [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the revenue’s appeal and upheld the Commissioner of Income Tax (Appeals) [CIT(A)]’s order to delete the disallowance of a...

Income Tax Dept. has no Material to Prove Existence of Order under “View Notices and Orders” on Portal: Allahabad HC Allows Assessee to Treat SCN as Final Notice [Read Order]

The Allahabad High Court recently granted relief to an assessee, ruling that the Income Tax Department had no material to establish that the impugned assessment order was actually available under...

Section 50C Income Tax Addition Not Applicable When Registered Sale Agreement Precedes Circle Rate Hike: Delhi HC [Read Order]

In a recent ruling, the Delhi High Court held that an addition under Section 50C of the Income Tax Act cannot be made when a registered sale agreement was executed before the circle rate was...

Prev Page Next Page