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Disallowance u/s 14A Inapplicable due to Absence of Exempt Income: ITAT [Read Order]

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the disallowance under Section 14A of the Income Tax Act, 1961 was...

Income Tax Assessment Invalid If SCN Sent to Old Email After Update Even If Earlier Notices...

Reference to DVO can be Made only During Pendency of Income Tax Assessment or Reassessment...

Partial Relief Granted to Palmshore Hotels: ITAT Directs Reassessment on Business Income...

Inadequate Opportunity of Hearing in Alleged Form 10AB Delayed Filing: ITAT Restores Matter for...

ITAT Quashes Reassessment Initiated on Mere Suspicion of Money Laundering Without Concrete Evidence [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) quashed the reassessment proceedings initiated against the assessee, holding that they were based solely on suspicion of money laundering and...

Non-Service of Notice Through Opted Physical Mode: ITAT Restores Matter to CIT(A) for Fresh Adjudication [Read More]

The Raipur Bench of Income Tax Appellate Tribunal ( ITAT ) restored matter to the Commissioner of Income Tax(Appeals)[CIT(A)] for fresh adjudication after observing that notices were not served...

Rejection of Registration Application for Wrong Section Code: ITAT Allows Revised Form 10D Filing Before CIT(E) [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) allows revised Form 10D filing before Commissioner of Income Tax ( Exemption)[CIT(E)], after rejecting the initial registration...

Unexplained Cash Credit on ₹31.15 Lakh Loan Repayment: ITAT Upholds Deletion Confirming Genuine Repayment Through Banking Channels [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the Revenue’s appeal against the addition of ₹31.15 lakh as unexplained cash credit, upholding the deletion by the Commissioner...

Deduction on CSR Donations u/s 80G: ITAT Quashes Revision as AO Verifies Donations to Eligible Institutions [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) quashes the revision order passed under Section 263 of Income Tax Act,1961, holding that the Assessing Officer (AO) had verified the ...

Cash Deposits Treated as Unexplained u/s 69A: ITAT Restores Matter to AO Noting Failure to Examine Debit Entries and Additional Evidence [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) restored the matter to the Assessing Officer (AO) after noting that cash deposits of ₹18.32 lakh were treated as unexplained under ...

Section 149 Amendments Prospective, Invalidates Reopening Beyond Limitation : Delhi HC Quashes Income Tax Notices [Read Order]

The Delhi High Court has quashed several income tax notices issued under Section 148 of the Income Tax Act and held that amendments to Section 149 introduced by the Finance Act, 2012, are...

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