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Offences can be Compounded u/s 279 of Income Tax Act for before or after Institution of Proceedings: Orissa HC sets aside Order Rejecting Same [Read Order]

In a significant case, the Orissa High Court held that offence can be compounded under section 279 of Income Tax Act, 1961 as provision specified...

AO's Notices were never served to Assessee: ITAT sets aside Ex-Parte Order [Read Order]

ITAT directs Reassessment of ₹10.3 Lakh Deposit after Original Appeal dismissed without full review...

ITAT deletes Rs. 6 lakh penalty u/s 271D due to bonafide claim of LTCG on part of assessee [Read...

“Acceptance of Explanation for Delay should be the Rule and Refusal, An Exception”: ITAT Condones...

ITAT Remands Dismissed Appeal For Non-Prosecution Simpliciter and Non-Condonation of Delay [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ) of Chennai remanded a dismissed appeal following the dismissal of the said appeal being due to both "non-prosecution simpliciter" and ...

AO made S.69 Income Tax Addition based on Mere Suspicion: ITAT deletes Rs.2.25 Crore Addition [Read Order]

Recently, the Income Tax Appellate Tribunal ( ITAT ) recently set aside an addition of Rs. 2.25 crore made by the Assessing Officer ( AO ) against one assessee/appellant, Tirupati Jewels, New Delhi,...

ITAT upholds Non-taxability of Google Ireland's Ad Revenue in India: Payments not Classified as Royalty or FTS [Read Order]

In a recent ruling, the Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the non-taxability of Google Ireland's Ad revenue in India and held that the payments are not classified...

ITAT upholds Exemption u/s 10(23C)(iiiab) Despite Late Filing and Incorrect Form Submission [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the exemption under section 10(23C)(iiiab) of the Income Tax Act,1961 despite late filing of the income tax return and the use of an...

ITAT upholds CIT(A)'s Deletion of Additions u/s 68, Citing Sufficient Cash Balance and Lack of Evidence for Accommodation Entries [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals)[CIT(A)]'s decision to delete additions made under Section 68 of the Income Tax Act,1961 for...

ITAT Rules Doctrine of Merger not applicable to Income Retained by CPC from Intimation u/s 143(1)(a) of Income Tax Act [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the doctrine of merger did not apply to the income retained by the CPC in its intimation under Section 143(1)(a) of the Income...

No Disallowance for PF/ESI Contributions made before Return Filing Deadline: ITAT [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that no disallowance should be made for employee contributions to the Provident Fund ( PF ) and Employee State Insurance ( ESI ) if...

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