Income Tax Page 185

Top

Begin typing your search above and press return to search.

Home
»
Income Tax

₹46 Lakh Ex-Parte Income Tax Addition after Assessment u/s 144 & 147 w/o Opportunity to adduce Evidence: ITAT Remits matter [Read Order]

Avinash Kurungot

The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) recently set aside the addition of Rs.46,58,891/- made to an Income Tax Assessment...

Savings A/c Cash Deposits treated as ‘Unexplained Money’ during Income Tax Assessment: ITAT Remands...

TDS Violation Demand Order issued in name of Previous Company rectifiable u/s 292B of IT Act: Delhi...

ITAT Condones 50-day Delay, Directs CIT(A) for Fresh Adjudication in Interest of Substantial Justice...

ITAT Remands Case to CIT(A) for Reassessment, Allowing Assessee Another Opportunity to Substantiate...

ITAT Rules Entire Bank Credit as Business Receipts for Income Estimation u/s 44AD of income Tax Act [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the entire bank credit of the assessee should be treated as business receipts for income estimation under Section 44AD of the...

ITAT Deletes Addition of Rs.53.23 Lakh on Cash Deposits During Demonetization, Directs Re-computation of Income [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs.53.23 Lakhs on cash deposits during the demonetization period and directed the Assessing Officer ( AO ) to...

CBDT Exempts Petroleum and Natural Gas Regulatory Board from Income Tax under Section 10(46A) [Read Notification]

The Central Board of Direct Taxes ( CBDT ), through Notification No. 118/2024 dated November 12, 2024, has granted the Petroleum and Natural Gas Regulatory Board ( PNGRB ) an income tax exemption...

Can startups and MSMEs claim both Income Tax and GST benefits simultaneously?

What do you mean by start-up and MSME? A: A startup is an innovative company that is in the early stages of business development. They are usually founded by entrepreneurs who develop an idea or...

Assessment against Non-Existent Entity cannot be Cured by Invoking S. 292 Income Tax Act: ITAT [Read Order]

In a recent case before Income Tax Appellate Tribunal ( ITAT ), New Delhi it was ruled that an assessment against a non-existent entity cannot be rectified by invoking Section 292 of the Income Tax...

Income Tax Addition not applicable on Interest Income from Govt. Project Funds Deposited if Interest Entirely remitted back to Central/State Govt: ITAT [Read Order]

In a recent ruling, the Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) held that Income Tax addition is not applicable on the interest income from government project funds deposited as...

Delay in Admission of Additional Evidence u/r 46A: ITAT quashes ₹34L addition to Taxable Income, Remands Matter [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) recently quashed the addition of Rs.34 Lakh made by an Assessing Officer to the income of an Assessee on account of unexplained cash...

Prev Page Next Page