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ITAT Quashes Reassessment as AO Fails to Address Objections in Proceedings [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the reassessment proceedings because the Assessing Officer (AO) failed to...

Lack of proper inquiry on Unexplained Cash Deposits during Demonetization: ITAT restores matter...

ITAT Rules Abandoned IPO Expenses as Revenue in Nature, Deletes Disallowance u/s 37(1) [Read Order]

ITAT Weekly Round - Up [Feb 1st-Feb 7th,2025]

ITAT Jaipur quashes Section 263 Order Due to Violation of Natural Justice [Read Order]

ITAT Quashes Tax Additions due to Lack of Incriminating Evidence [Read Order]

The Income Tax Appellate Tribunal ( ITAT ) Delhi Bench ruled in favor of the appellant by deleting the tax additions made under Section 153A of the Income Tax Act, 1961. The tribunal held that the...

CIT(A) Ex-Parte Adding Rs. 12,06,189 as Undisclosed Income: ITAT directs Fresh Hearing [Read Order]

The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) directed a fresh hearing in which the Commissioner of Income Tax (Appeals) [CIT(A)] had earlier dismissed the appeal ex-parte with an addition...

ITAT Rejects Appeal, Upholds Tax Additions due to Unaccounted Income [Read Order]

The Income Tax Appellate Tribunal ( ITAT ) Patna Bench has dismissed the appeals filed by the appellant and upheld the income tax additions made under Section 153A of the Income Tax Act, 1961. The...

ITAT Orders Reassessment of Post-Demonetization Cash Deposits by Bar & Restaurant Business Owner [Read Order]

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) directed for a fresh examination of cash deposits made during the demonetisation period, asserting that the taxability of such deposits...

Income Tax Rules Amendment: Non-Resident Entities with Liaison Offices in India must File Form 49C within 8 Months of FY-End [Read Notification]

The Ministry of Finance, through the Central Board of Direct Taxes ( CBDT ), has issued Notification No. 14/2025 dated February 7, 2025, introducing the Income-tax (Fourth Amendment) Rules, 2025....

CBDT's Official Income Tax Calculator for FY 2025-26: Comparing Old vs. New Tax Regime

Tax planning is an important part of financial management for every salaried or self-employed individual in India. With the introduction of revised tax slabs for FY 2025-26, many taxpayers are...

Disallowance of R&D Expense Deductions due to Missing DSIR Form 3CL: ITAT allows Full Deduction for 2016-17 [Read Order]

The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) allowed full R&D expense deduction for the assessment year 2016-17, despite the assessee’s failure to submit the required Department of...

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