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Duplicate Income Tax Appeal filed by Revenue Not Maintainable: ITAT dismisses Infructuous Appeal against Geojit Financial [Read Order]

Saagarika Gopinath

In a recent ruling, the Cochin bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the duplicate income tax appeal filed by the Revenue...

Relief to IDFC: ITAT Directs AO to Limit Disallowance u/s 14A to 0.5% of Exempt Income Earned Based...

Relief for Bennet Coleman: ITAT quashes Assessment Order u/s 153 as NFAC delays digital signature...

Late Application for Registration u/s 80G(5) withdrawn: ITAT directs CIT(E) to consider Fresh...

Rule 11UA Allows 10% Tolerance Limit for Differences Between Issue Price and FMV, No Additions...

ITAT Quashes Reassessment Over Invalid Rs.10 Lakh Addition, Citing Intraday Profit Below Threshold [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) quashed the ₹10 lakh reassessment, ruling it invalid due to an intraday profit of Rs.49,792 falling below the threshold for reopening...

Form 67 Filed within Deadline with ITR: ITAT allows Foreign Tax Credit [Read Order]

The Chandigarh bench of the Income Tax Appellate Tribunal ( ITAT ) directed the Assessing Officer ( AO ) to grant the Foreign Tax Credit ( FTC ) as Form 67 was filed within the extended deadline...

Delhi HC Sets Aside Income Tax Notice, Citing Failure to Include Legal Heirs of Deceased in Proceedings [Read Order]

In a significant ruling, Delhi High Court sets aside an income tax notice due to the failure to involve the legal heirs of the deceased in the proceedings, emphasizing that issuing notices in the...

Rs. 54.52 Lakh Unexplained Income from Sugar Sale: ITAT Directs Fresh Assessment of S.69 Income Tax Addition Amid Contradictory Claims [Read Order]

In a recent decision, the Income Tax Appellate Tribunal ( ITAT ) Bangalore directed a fresh assessment of a disputed addition of Rs. 54.52 lakh under Section 68 of the Income Tax Act 1961 ( ITA ) ...

Insufficient Evidence for Unexplained Cash Deposits Contradicts Registered Sale Deed: ITAT Dismisses Appeal [Read Order]

The Raipur Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal of the assessee, due to insufficient evidence supporting the claim of unexplained cash deposits. Bisauha Ram...

Notices uploaded only on Income Tax Portal may not be Treated as Valid Service of Notice: ITAT quashes Reassessment Proceedings against Buddhist monk [Read Order]

The Chandigarh bench of Income Tax Appellate Tribunal ( ITAT ) quashed reassessment proceedings initiated against, ruling that the issuance of notices solely through the Income Tax portal may not...

CIT(A) Wrongly Dismissed Appeal Due to Alleged Non-Payment of Advance Tax: ITAT Remands Matter for Fresh Consideration [Read Order]

Recently in a decision, the Income Tax Appellate Tribunal (ITAT) of Bangalore remanded a case back to the Commissioner of Income Tax (Appeals) [CIT(A)] for fresh consideration after finding that the...

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