Transparent Disclosure of Foreign Assets and Income: All You Need to Know About CRS & FATCA for ITR Filers
In our globalised economy, financial transparency is a cornerstone of compliance with international tax laws. The Common Reporting Standard ( CRS )...
![ITAT remands matter to CIT(A) for Fresh Hearing, allowing Assessee another Opportunity to Explain Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Assessee-appeal-delay-Income-Tax-taxscan.jpg "ITAT remands matter to CIT(A) for Fresh Hearing, allowing Assessee another Opportunity to Explain Delay [Read Order]")
![ITAT dismisses Appeal as Withdrawn, Pending Outcome of Vivad Se Vishwas Scheme Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Bangalore-ITAT-Dismisses-Appeal-ITAT-Dismisses-Appeal-as-Withdrawn-ITAT-Dismisses-Pending-Outcome-Vivad-Se-Vishwas-Scheme-taxscan.jpg "ITAT dismisses Appeal as Withdrawn, Pending Outcome of Vivad Se Vishwas Scheme Application [Read Order]")
![ITAT remands Case for Verification of Unexplained Investment and Loss Set-Off due to Insufficient Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Remands-Income-Tax-Appellate-Tribunal-Unexplained-Investment-Income-Tax-Unexplained-Investment-and-Loss-Set-Off-taxscan.jpg "ITAT remands Case for Verification of Unexplained Investment and Loss Set-Off due to Insufficient Evidence [Read Order]")
ITAT upholds Reopening of Assessment u/s 147, Citing Sufficient Reasons and Compliance with Limitation [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upholds reopening of the assessment under Section 147 of Income Tax Act,1961, citing sufficient reasons for the reopening and compliance...
![ITAT upholds Reopening of Assessment u/s 147, Citing Sufficient Reasons and Compliance with Limitation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Evidence-Income-Re-opening-of-Assessment-Assessment-Procedural-Requirement-Requirement-ITAT-Taxscan-1.jpg "ITAT upholds Reopening of Assessment u/s 147, Citing Sufficient Reasons and Compliance with Limitation [Read Order]")
Assessing Officer approved Assessment Order as per 153D of IT Act: ITAT dismisses the Appeal challenging the Approval [Read Order]
The Delhi Income Tax Appellate Tribunal (ITAT) dismissed the appeal challenging the approval of Assessment Order Under Section 153D of the Income Tax Act, 1961 as the Assessing Officer (AO) has...
![Assessing Officer approved Assessment Order as per 153D of IT Act: ITAT dismisses the Appeal challenging the Approval [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Assessing-Officer-Assessment-Order-153D-IT-Act-ITAT-Appeal-Approval-taxscan.jpg "Assessing Officer approved Assessment Order as per 153D of IT Act: ITAT dismisses the Appeal challenging the Approval [Read Order]")
Inability to prove Unexplained Cash Credit u/s 69A of Income Tax Act: ITAT remits issue to AO for Fresh Consideration [Read Order]
The Bangalore Income Tax Appellate Tribunal (ITAT) remitted the issue to the Assessing Officer (AO) for fresh consideration as the Assessee has failed to prove the unexplained cash credit under...
![Inability to prove Unexplained Cash Credit u/s 69A of Income Tax Act: ITAT remits issue to AO for Fresh Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Inability-Unexplained-Cash-Credit-Income-Tax-Act-ITAT-AO-Fresh-Consideration-taxscan.jpg "Inability to prove Unexplained Cash Credit u/s 69A of Income Tax Act: ITAT remits issue to AO for Fresh Consideration [Read Order]")
![No Representation from Assessee Side: ITAT quashes Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/No-Representation-Assessee-Side-ITAT-Appeal-taxscan.jpg "No Representation from Assessee Side: ITAT quashes Appeal [Read Order]")
ITAT upholds Addition of Unexplained Income under Section 69A due to Assessee's Non-Compliance [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) upheld the addition of unexplained income under Section 69A of the Income Tax Act, 1961, due to the assessee's continuous non-compliance. ...
![ITAT upholds Addition of Unexplained Income under Section 69A due to Assessees Non-Compliance [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Unexplained-Money-Banking-Channel-sale-Consideration-of-Shares-ITAT-Upholds-Addition-ITAT-Income-Tax-taxscan.jpg "ITAT upholds Addition of Unexplained Income under Section 69A due to Assessees Non-Compliance [Read Order]")
Filing ITR with Foreign Assets? Here’s How to Complete FSI, TR, and FA Schedules Step-by-Step
If you’re having foreign assets, then you should show those while filing your Income Tax Returns ( ITR ). The income taxpayers with income from foreign sources, foreign bank accounts, or other assets...
No Legal Action Including Income Tax Can Proceed by or against Party whose Liquidation Order is passed: ITAT dismisses Appeals [Read Order]
The Nagpur Bench of Income Tax Appellate Tribunal ( ITAT ), on hearing two parallel cases, held that no legal action including Income Tax can be proceed by or against the party whose liquidation...
![No Legal Action Including Income Tax Can Proceed by or against Party whose Liquidation Order is passed: ITAT dismisses Appeals [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-ITAT-ITAT-Nagpur-Legal-action-proceed-against-party-Income-Tax-Appellate-Tribunal-Taxscan.jpg "No Legal Action Including Income Tax Can Proceed by or against Party whose Liquidation Order is passed: ITAT dismisses Appeals [Read Order]")