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Procedural Lapse in ₹14.6 Cr Income Tax Dispute: ITAT directs Reassessment for NRI Taxpayer [Read Order]

In a recent ruling, the Bangalore bench of the Income Tax Appellate Tribunal (ITAT) remanded the case back to the assessing officer (AO) in an appeal...

Genuineness of ₹2.06 Crore Share Capital Received: ITAT Upholds CIT(A) Decision, Deletes Addition...

ITAT quashes Penalty under Section 271(1)(c), Directs AO to reconsider Quantum Addition [Read Order]

ITAT Rules in favor of Assessee, Citing benefit of Doubt in Fraudulent Activity Case [Read Order]

Tax Effect below Threshold Limit: ITAT dismisses Revenue's Appeal [Read Order]

Ex-Parte Order Over Unexplained Income: ITAT Remands 1.41 Cr Tax Dispute to CIT(A) [Read Order]

In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) remanded the case back to the AO, stating that the order made by tax authorities was taken Ex-parte, which violated...

ITAT condones 24-Day delay in filing Form 10B due to Technical Issues, Grants Exemption u/s 11 of Income Tax Act [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) condoned a 24-day delay in filing Form 10B due to technical issues and granted exemption under section 11 of Income Tax Act,1961. Kaydee...

ITAT Remands Case to AO for Fresh Order Due to Lack of Opportunity to Present Evidence [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) remanded the case to the Assessing Officer (AO) for a fresh order due to the assessee’s lack of opportunity to present evidence. Prakash...

Cessation of Liabilities u/s 41(1): ITAT Upholds Deletion of Additions by CIT(A) [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]'s decision in deleting the additions made by the Assessing Officer (AO) under section...

ITAT orders for Re- adjudication due to Non-Consideration of Demonetization-Period Evidence [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) ordered the Income Tax matter re-adjudication due to non-consideration of demonetization period evidence. In this case, the assessee...

Penalty Levy u/s 271(1)(c): ITAT Dismisses Appeal as Withdrawn Under Vivad Se Vishwas Scheme [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal(ITAT) dismissed the appeal of the assessee regarding the penalty levy under Section 271(1)(c) of Income Tax Act,1961 for Assessment Year 2013-14, as...

S.68 cannot be invoked for non-appearance before AO when genuineness established through documents: ITAT [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) rules that Section 68 of Income Tax ACt, 1961 cannot be invoked for non-appearance before the Assessing Officer ( AO ) when genuineness is...

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