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Misapplication of Income Tax Section 143(3) Instead of Section 153C by AO: ITAT quashes Entire Assessment [Read Order]

Saagarika Gopinath

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the order passed by the Deputy Commissioner of Income Tax ( DCIT ) for the...

Bombay HC Condones Delay In Filing ITR By Doctor Considering Covid Duty [Read Order]

CIT(A) Deleted Rs.120.55 Crore Income Tax Addition In Hasty Manner: Gauhati HC Refuses to Initiate...

ITAT quashes Disallowance u/s 36(1)(iii) of Income Tax Act on Interest-Free Advances given to Sister...

ITAT Orders Rehearing of Assessee's Appeal After CIT(A) Dismissal for Non-Prosecution [Read Order]

Excise Duty Exemption Not Taxable Under Income Tax Act: Jammu & Kashmir And Ladakh HC [Read Order]

The Jammu & Kashmir And Ladakh High Court has held that excise duty exemption is not taxable under Income Tax Act, 1961 as it amounts to capital receipt. The court held that whether an...

Income Tax Dept. Raids Truecaller Offices Over Alleged Transfer Pricing Violations

In an unannounced visit on November 6, the Indian Income Tax Department conducted surveys at Truecaller's offices in Mumbai and Gurugram, investigating potential transfer pricing violations by the...

ITAT remands Matter to CIT(A) for Fresh Adjudication due to Denial of Personal Hearing to Assessee [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the matter to the Commissioner of Income Tax (Appeals) [CIT(A)] for fresh adjudication due to the denial of a personal hearing to...

ITAT Remands Case to AO for Reassessment of Capital Gain, Highlights Failure to Consider Additional Evidence [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case of the assessee to the Assessing Officer ( AO ) for reassessment of the capital gain, highlighting the failure to...

ITAT Remands Case to AO for Verification of Rs. 15.71 Lakh Liability u/s 41(1) due to Insufficient Evidence of Payment and TDS Deduction [Read Order]

The Surat Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case of the assessee to the Assessing Officer ( AO ) for verification of a Rs. 15.71 lakh liability under Section 41(1) of the...

ITAT Restores Case to CIT(A) for Fresh Hearing, Citing Violation of Natural Justice and Procedural Lapses [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) restored the case of the assessee to the Commissioner of Income Tax(Appeals)[CIT(A)] for fresh adjudication, citing a violation of...

ITAT upholds CIT(A) Decision Deleting Rs. 3.80 Crore On-Money Addition in Land Purchase, citing Lack of Evidence linking Assessee to Cash Transaction [Read Order]

The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision to delete the addition of Rs. 3.80 crore made by the Assessing...

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