Latest Income Tax News, Updates & Judgments

Top

Begin typing your search above and press return to search.

Home
»
Income Tax

Unexplained Investment of ₹1.65 Crore: ITAT Restores Matter Back to AO for Fresh Verification [Read Order]

Sneha Sukumaran Mullakkal

The Mumbai Bench of Income Tax Appellate Tribunal(ITAT) restored the matter of unexplained investment of ₹1.65 crore back to the Assessing Officer...

Centre declares Income Tax Directorate’s Computer Resources as Protected Systems under IT Act, 2000...

Bt Cotton Farmer contests ₹3.3 Crore Disallowance on Income Tax: ITAT directs CIT(A) to conduct...

ITAT slaps ₹10,000 Cost on Assessee for Failure to Justify Non-Compliance in Appellate Stage while...

Tech-constraints Faced By Senior Citizen: ITAT sets aside Ex- Parte Order [Read Order]

Statement Recorded u/s 133A Lacks Evidentiary Value in Absence of Summons u/s 131: ITAT [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that the statement recorded under Section 133A of the Income Tax Act, 1961, lacked evidentiary value in the absence of summons under...

Non-appearance due to communication made to former Accountant’s email: ITAT Remands matter to CIT(A) [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the matter back to the file of the Commissioner of Income Tax Appeals [ CIT( A ) ] for non-appearance as the communication...

ITAT Invalidates Section 263 Revision: Questions PCIT's Limited Scrutiny Jurisdiction under Income Tax Act [Read Order]

In a recent ruling decision, the Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) quashed the revisionary order under Section 263 of the Income Tax Act,1961, passed by the Principal...

12 Lakhs TDS Disallowance u/s 40(a)(ia): ITAT Remands Case to AO for Verification and Reassessment [Read Order]

In a recent case, the Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) remanded the assessee's case to the assessment officer (AO) for proper verification concerning the returns filed in the...

Income Tax Dept. Sends Messages to Taxpayers Who Claimed Donations to Political Parties u/s 80GGC

The Income Tax Department has begun sending messages to taxpayers who have claimed deductions under Section 80GGC (donations to political parties) in their Income Tax Returns ( ITR ) for the past two...

Penalty for Concealment of Income Related to Quantum Additions: ITAT Restores Matter to CIT(A) [Read Order]

The Agra Bench of Income Tax Appellate Tribunal(ITAT) restored the penalty for concealment of income related to quantum additions to the Commissioner of Income Tax (Appeals) [CIT(A)] for fresh...

Denial of TDS and Advance Tax Credits for Amalgamated Company: ITAT Directs AO to Grant Credits [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) directed the Assessing Officer (AO) to grant Tax Deducted at Source (TDS) and advance tax credits to the amalgamated company, which were...

Prev Page Next Page