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ITAT upholds CIT(A) findings on Unsecured Loans, Citing Lack of Incriminating Evidence [Read Order]

Sneha Sukumaran Mullakkal

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the findings of the Commissioner of Income Tax (Appeals)[ CIT(A) ] regarding...

Inordinate Delay of 880 Days in Re -filing Income Tax Appeal: Delhi HC rejects Condonation Plea....

Punjab & Haryana HC Sets aside Notices Issued u/s 148 of Income Tax Act Without Conducting Faceless...

AO Fails to Verify Loan Recorded as Journal Entry in Shareholder's Account: ITAT deletes ₹25.93 Lakh...

Orders issued against deceased and insolvent individual: Madras HC quashes Income Tax Assessment,...

Assessee Deposited Cash from Earlier Withdrawals: ITAT quashes Rs. 9.84 Lakh Income Additions [Read Order]

In a recent decision, the Income Tax Appellate Tribunal ( ITAT ) in Bangalore provided relief to a Canara Bank employee and national hockey player, by setting aside income additions totaling Rs. 9.84...

No Additions allowed in Completed/Unabated Assessments u/s 153A or 153C without Incriminating Material found during Search: ITAT [Read Order]

The Lucknow Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that no additions were allowed in completed/unabated assessments under Section 153A or 153C of the Income Tax Act, 1961 without...

Procedural Lapse in Initial Proceedings u/s 148 of Income Tax nullifies Resultant Notices and Orders Automatically: ITAT [Read Order]

In a recent ruling, the Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) nullified the notice issued under Section 148 of the Income Tax Act, 1961, due to procedural lapses on the part of...

216 Days undue Delay in Filing ITR by Co-Op Society: Madras HC dismisses Petition Claiming 80P Deduction under Income Tax [Read Order]

In a recent ruling, the Madras High Court dismissed the writ petition filed for claiming deductions under Section 80 P of the Income Tax Act, 1961 and did not condone the delay in filing Income Tax...

Extension of Deadline by CBDT: ITAT deletes Addition of Deemed Income to Trust for Belated Filing of Form 10B [Read Order]

In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of deemed income to the trust, citing the CBDT's extension of the deadline, which allowed for...

AO disallows S. 57 deduction claim on interest income from Personal funds: ITAT Quashes disallowance [Read Order]

In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the appeal in favour of the assessee regarding the disallowance of deductions claimed under Section 57 of...

Decades-old Assessments: ITAT denies re-adjudication for evidence lapses [Read Order]

In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ), denied re-adjudication, stating that remanding decades-old assessment appeals to the Assessing Officer ( AO ) would...

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