![Karnataka HC Orders Income Tax Dept to Refund Full Amount with Interest to IBM India as per SCs Directive [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Karnataka-High-Court-Income-Tax-Income-Tax-Dept-IBM-Supreme-Court-Tax-Refund-with-Interest-to-IBM-Taxscan.jpg "Karnataka HC Orders Income Tax Dept to Refund Full Amount with Interest to IBM India as per SCs Directive [Read Order]")
Karnataka HC Orders Income Tax Dept to Refund Full Amount with Interest to IBM India as per SC's Directive [Read Order]
In a recent ruling, the Karnataka High Court directed the Income Tax Department to refund the entire amount due, including interest, to IBM India...
![GST paid shall not be Included while Computing Total Income u/s 44BB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-GST-paid-GST-Total-Income-Goods-and-Services-Tax-Section-44BB-of-the-Income-Tax-Act-taxscan.jpg "GST paid shall not be Included while Computing Total Income u/s 44BB: ITAT [Read Order]")
![No Issuance of Income Tax Notice Beyond 10 years from Relevant Assessment Year as per S.149 r/w 153C: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/No-Issuance-of-Income-Tax-Notice-Relevant-Assessment-Year-S.149-rw-153C-Delhi-HC-TAXSCAN.jpg "No Issuance of Income Tax Notice Beyond 10 years from Relevant Assessment Year as per S.149 r/w 153C: Delhi HC [Read Order]")
![ITAT Accepts Medical Certificate as Sufficient Proof to Condone Taxpayers Delay in Filing Audit Report [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Accepts-Medical-Certificate-Sufficient-Proof-Condone-Taxpayers-Delay-in-Filing-Audit-Report-TAXSCAN.webp "ITAT Accepts Medical Certificate as Sufficient Proof to Condone Taxpayers Delay in Filing Audit Report [Read Order]")
![ITAT upholds Disallowance of PF/ESI Contributions due to Late Deposits Beyond Statutory Deadlines [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Jaipur-Provident-Fund-PF-Employees-State-Insurance-ESIC-Late-PF-ESI-Deposits-Taxscan.jpg "ITAT upholds Disallowance of PF/ESI Contributions due to Late Deposits Beyond Statutory Deadlines [Read Order]")
ITAT grants Relief on Employer PF/ESI Contributions, Restricts disallowance to Employee Contributions based on Timely Payment u/s 43B of Income Tax Act [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) granted relief to assessee, by restricting the disallowance of Provident Fund ( PF ) and Employees State Insurance ( ESI ) contributions,...
![ITAT grants Relief on Employer PF/ESI Contributions, Restricts disallowance to Employee Contributions based on Timely Payment u/s 43B of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-ITAT-Bangalore-Income-Tax-Act-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "ITAT grants Relief on Employer PF/ESI Contributions, Restricts disallowance to Employee Contributions based on Timely Payment u/s 43B of Income Tax Act [Read Order]")
ITAT Restores Case to AO for Fresh Assessment, Granting Assessee Opportunity to Substantiate Cash Deposits [Read Order]
The Surat Bench of Income Tax Appellate Tribunal ( ITAT ) restored the case to the Assessing Officer ( AO ) for a fresh assessment, granting the assessee an opportunity to substantiate cash deposits...
![ITAT Restores Case to AO for Fresh Assessment, Granting Assessee Opportunity to Substantiate Cash Deposits [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Surat-Cash-Deposits-Income-Tax-Appellate-Tribunal-Income-Tax-Section-144-of-Income-Tax-Act-Taxscan.jpg "ITAT Restores Case to AO for Fresh Assessment, Granting Assessee Opportunity to Substantiate Cash Deposits [Read Order]")
ITAT Reduces Commission Income Addition to 0.50% on Bank Transactions in Income Tax Appeal, Citing It as Reasonable [Read Order]
The Surat Bench of Income Tax Appellate Tribunal ( ITAT ) reduced the commission income addition to 0.50% on bank transactions in an income tax appeal filed by the assessee, who was engaged in...
![ITAT Reduces Commission Income Addition to 0.50% on Bank Transactions in Income Tax Appeal, Citing It as Reasonable [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Surat-Income-Tax-Income-Addition-Income-Tax-Appeal-ITAT-Reduces-Income-Addition-Taxscan.jpeg "ITAT Reduces Commission Income Addition to 0.50% on Bank Transactions in Income Tax Appeal, Citing It as Reasonable [Read Order]")
ITAT Overturns AO's Rejection of Books, deletes Addition of Cash Deposits as Unexplained Income Citing Lack of Evidence of Specific Discrepancies [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) overturned the Assessing Officer’s (AO) rejection of books and deleted the addition of Rs. 4,12,67,000 as unexplained income, citing the...
![ITAT Overturns AOs Rejection of Books, deletes Addition of Cash Deposits as Unexplained Income Citing Lack of Evidence of Specific Discrepancies [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-Appellate-Tribunal-ITAT-Overturns-Assessing-Officer-Rejection-of-Books-Deletes-Addition-Cash-Deposits-Unexplained-Income-taxscan.jpg "ITAT Overturns AOs Rejection of Books, deletes Addition of Cash Deposits as Unexplained Income Citing Lack of Evidence of Specific Discrepancies [Read Order]")
Incorrect Exclusion of Interest Income: ITAT upholds Exemption for BAOU u/s 10(23C)(iiiab) earlier denied by CIT(E) [Read order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld Dr. Babasaheb Ambedkar Open University’s ( BAOU ),the assessee’s exemption under Section 10(23C)(iiiab) of the Income Tax Act,1961...
![Incorrect Exclusion of Interest Income: ITAT upholds Exemption for BAOU u/s 10(23C)(iiiab) earlier denied by CIT(E) [Read order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Ahmedabad-Income-Tax-Babasaheb-Ambedkar-Open-University-TAXSCAN.jpg "Incorrect Exclusion of Interest Income: ITAT upholds Exemption for BAOU u/s 10(23C)(iiiab) earlier denied by CIT(E) [Read order]")
CBDT guidelines on Cases needed Compulsory Scrutiny does not Preclude Income Tax dept from choosing Additional Cases on Discretionary Basis: Patna HC [Read Order]
In a recent ruling, the Patna High Court clarified that the Central Board of Direct Taxes ( CBDT ) guidelines for the compulsory selection of Income Tax Returns ( ITR ) for scrutiny do not restrict...
![CBDT guidelines on Cases needed Compulsory Scrutiny does not Preclude Income Tax dept from choosing Additional Cases on Discretionary Basis: Patna HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Patna-HC-Patna-High-Court-CBDT-CBDT-Guidelines-Cases-Cases-needed-Compulsory-Scrutiny-Income-Tax-Dept-Discretionary-Basis-Preclude-Income-Tax-taxscan.jpg "CBDT guidelines on Cases needed Compulsory Scrutiny does not Preclude Income Tax dept from choosing Additional Cases on Discretionary Basis: Patna HC [Read Order]")
Misapplication of Income Tax Section 143(3) Instead of Section 153C by AO: ITAT quashes Entire Assessment [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the order passed by the Deputy Commissioner of Income Tax ( DCIT ) for the assessment year ( AY ) 2021-22, where the assessing...
![Misapplication of Income Tax Section 143(3) Instead of Section 153C by AO: ITAT quashes Entire Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Delhi-Income-Tax-Section-1433-of-Income-Tax-Act-Income-Tax-Act-Taxscan.jpg "Misapplication of Income Tax Section 143(3) Instead of Section 153C by AO: ITAT quashes Entire Assessment [Read Order]")