Latest Income Tax News, Updates & Judgments

Begin typing your search above and press return to search.

Home
»
Income Tax

Circular Transactions proven by Father’s Bank Statement: ITAT upholds Peak Credit Assessment by CIT(A) [Read Order]

Recently, the Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has upheld the peak credit assessed by the Commissioner of Income Tax...

Time of uploading DRP Order onto ITBA Portal is Time of Dispatch: ITAT sets aside Income Tax Order...

CIT(A) Deleted Income Tax Additions w/o Considering AO's Observations: ITAT Remands Matter Back for...

No Specification of Concealment or Inaccurate Particulars in SCN: ITAT rescinds Rs.10 Crore Income...

CSR Contributions by Cheil India towards Clean Ganga Fund and Swacch Bharath Kosh are Sec.80G Tax...

Failure to Adjudicate Issue u/s 148 of Income Tax Act: ITAT Remands Case to CIT(A) [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case of the assessee to the Commissioner of Income Tax (Appeals) [CIT(A)], for fresh adjudication due to the failure to...

ITAT Dismisses Appeal as Withdrawn Following Application Under Vivad Se Vishwas Scheme [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) dismissed the appeal filed by the assessee following a request for withdrawal due to the application under the Vivad Se Vishwas Scheme 2024....

Assessee Not Given an Opportunity to Properly Canvas Appeal: ITAT Quashes Ex Parte Order [Read Order]

In a recent judgment, the Income Tax Appellate Tribunal ( ITAT ), a Delhi Bench, quashed an ex parte order passed by Commissioner of Income Tax (Appeals) of the National Faceless Appeal Centre ( NFAC...

ITAT Restores Case to CIT(A) for De-Novo Consideration, Citing Violation of Principles of Natural Justice [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) restored the case of Abdulrahim Yakubbhai Gudala to the Commissioner of Income Tax (Appeals) CIT(A) for fresh adjudication, citing a...

Reopening of Assessments u/s 153A Not Allowed Without Incriminating Material: ITAT [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) ruled that reopening of assessments under Section 153A of the Income Tax Act,1961 is not permitted without incriminating material. JMC...

Disallowance of S. 80JJAA Claim due to technical default: ITAT Directs JAO to rectify intimation by CPC [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) directed the Jurisdictional Assessing Officer (JAO) to rectify the intimation by the Central Processing Centre because of the...

ITAT Upholds CIT(A) Decision Deleting Addition for Alleged Bogus Purchases, Citing Genuine Sales and Statement Retraction [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]'s decision deleting the addition for alleged bogus diamond purchases, citing...

Prev Page Next Page