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“Been sitting at the Laxmi Nagar Income Tax Office, Delhi…..and there’s no sign of staff or officers” Distressed CA posts on X

A post published by Chartered Accountant ( CA ) Sanjay Sharma highlights the sad state of affairs at the Laxmi Nagar Income Tax Office, Delhi wherein...

Non-Appearance Due to Accounts Team Employee's Exit from Company: ITAT Imposes ₹5,000 Penalty and...

AO Partially Disallows Property Improvement Costs; ITAT Allows Full Deduction, Accepting Architect's...

Loans from IPO Proceeds, Not Borrowed Funds: ITAT directs AO to recompute Interest Disallowance...

Insufficient Evidence to Prove Loan Creditworthiness: ITAT remands Unexplained Cash Deposits matter...

AO Adds based on Mobile Phone Image Indicating Higher Sale Consideration: ITAT Deletes due to Absence of Corroborative Evidence [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the deletion of additions made by the Assessing Officer ( AO ), based on a non-editable mobile phone image allegedly showing...

ITAT Orders Verification of TDS Deposits, Grants Relief to Assessee [Read Order]

In a recent decision, the Income Tax Appellate Tribunal ( ITAT ) has allowed the appeal of an assessee, directing the Assessing Officer ( AO ) to verify the documents related to Tax Deducted at...

ITAT Intervenes: Orders CIT(A) to Admit Appeal, Citing 'Good and Sufficient Reasons' [Read Order]

In a significant ruling, the Income Tax Appellate Tribunal ( ITAT ), Agra Bench, has intervened and directed the Commissioner of Income-tax (Appeals) [CIT(A)] to admit her appeal. This order comes in...

Discrepancy in FMV: ITAT Directs AO to Determine by Conducting Thorough Fact-Finding Process, Applying Explanation u/s 56(2)(viib)[Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to Determine the Fair Market Value (FMV) of Shares by conducting a thorough Fact-Finding Process and...

ITAT Sets Aside CIT(A) Order, Citing Breach of Natural Justice and Violation of Section 250(6) [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ), Agra Bench, has set aside the order of the Commissioner of Income Tax (Appeals) [ CIT(A) ] and directed the case to be reconsidered on...

Income Tax Joint Commissioner cannot grant Reassessment Approvals relying on Rajeev Bansal SC Decision: Delhi HC [Read Order]

The Delhi High Court has clarified that the Supreme Court ruling in Union of India & Ors. v. Rajeev Bansal (2024) does not validate the authority of a Joint Commissioner to grant approval under...

Commission Paid to Non-Residents for Services Rendered Outside India Not Taxable Without PE: ITAT [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that commission payments made to non-residents for services rendered outside India are not taxable under the Income Tax Act, 1961,...

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