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Fresh Probe Data Warrants Reassessment but Unjustified 5% Income Addition Fails Scrutiny: ITAT [Read Order]

Advika Dwivedi

The Raipur bench of the Income Tax Appellate Tribunal, held that the reopening of assessments for three consecutive years was legally sustainable,...

Non-Speaking Order by CIT(A) on Alleged Suppression of Receipts Remanded for Fresh Adjudication:...

Disallowance of ₹22.18Cr Manpower Service Payment: ITAT Deletes Addition made on Shapoorji Pallonji...

ITAT allows S.36(1)(va) Deduction claimed for Employee’s Contribution towards EPF & ESIC remitted...

ITAT Backs PCIT’s Revision; Interest on Bogus Loans Can’t Be Allowed as Deduction [Read Order]

"Operator and Maintainer" of Infrastructure Eligible for Tax Sops: ITAT Rules in Favour of Mundra [Read Order]

The Income Tax Appellate Tribunal (ITAT) Ahmedabad Bench held that a company which operates and maintains an infrastructure facility is eligible to claim a tax deduction under Section 80-IA of the...

ITAT gives Relief to Widow, Says Order in Dead Husband's Name can be Fixed [Read Order]

The Income Tax Appellate Tribunal (ITAT) Ahmedabad Bench held that an assessment order passed in the name of a deceased person is not automatically void. The tribunal decided that such an error is a...

Relief to LIC Mutual Fund: ITAT Sets Aside PCIT's Section 263 Order for Non-speaking Order [Read Order]

In a ruling in favour of LIC Mutual Fund, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) set aside the Principal Commissioner of Income Tax (PCIT)'s revision order under Section 263 of...

Technical dismissal of Appeal by FAA for ₹1.42Cr Loss Set-off Claim: ITAT restores to AO for Denovo Adjudication [Read Order]

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) set aside the First Appellate Authority’s (FAA) technical dismissal of appeal regarding disallowance of losses of ₹1.42 crore set...

Invalid Reopening on Old Loan Balances: ITAT quashes Reopening Based on Balance Sheet Suspicion and Pre-Commencement Loans [Read Order]

The Jaipur bench of the Income Tax Appellate Tribunal quashed the reopening based on suspicions raised by the balance sheet and old loans. The Tribunal noted that the assessee had not commenced...

Contradictory Approach of AO Invalidates S.154 Jurisdiction: ITAT Deletes ₹2.06 Crore Expense Disallowance in Property Developer's Income Tax Appeal [Read Order]

The bench of the Income Tax Appellate Tribunal, Mumbai, has held that disallowance of ₹2.06 crore under Section 154 of the Income Tax Act, 1961, was unsustainable, as the provision for expenses...

₹22.01L Cash Deposits from Agricultural Land Sale: ITAT Restores Matter to AO on Ignored Affidavits and Sale Deeds [Read Order]

The Agra bench of Income Tax Appellate Tribunal (ITAT) has restored the matter to the AO for fresh adjudication as the CIT(A) ignored affidavits on ₹22.01L cash deposits and the sale deed of the...

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