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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...

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

AO’s Income Tax Assessment has to be Erroneous and Prejudicial to Revenue to warrant S.263...

Income Tax Appeal filed on Paper dismissed w/o Hearing Opportunity: ITAT directs Re-Adjudication...

ITAT upholds AO's Acceptance of Bad Debt Write-off Claim, In absence of Error [Read Order]

Establishment of Nexus between Property Sale Advance and NHAI Bond Investment: ITAT allows Deduction Claim u/s 54EC [Read Order]

In a recent ruling, the Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the declaimed by the assessee under Section 54EC of the Income Tax Act,1961 as the assessee was able to...

S. 153C Applicable to Searches Prior to Finance Act, 2015 Also: Delhi HC remands Income Tax Matter [Read Order]

The Delhi High Court remanded the Income Tax Matter to the Appellate Tribunal stating that Section 153C of the Income Tax Act, 1961 is also applicable to Searches Prior to Finance Act, 2015. The...

ITAT upholds CIT(A) Decision on Exemption u/s 11 Despite ITR-6 Filing, Citing Consistency in Tax Treatment Across A.Ys [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals)[CIT(A)] decision granting exemption under Section 11 of the Income Tax Act,1961 despite the...

S.14A Disallowance not Applicable when Exempt Income is not Gained: Delhi HC dismisses Income Tax Appeal against Sahara India Financial Corporation [Read Order]

The Delhi High Court in a recent Income Tax Appeal against Sahara India Financial Corporation held that no disallowance of any expenditure under Section 14A of the Income Tax Act, 1961 is permissible...

Date of Submission of claim would be Recognized under Income Tax on accrual of Cash Incentive: Punjab and Haryana HC [Read Order]

The Punjab and Haryana High Court has held that date of submission of claim would be recognized under income tax on accrual of cash incentive. It was submitted that cash incentive was allowed by...

ITAT remands Case to CIT(A) for Fresh Review, Citing Procedural Deficiencies in Assessment Order [Read Order]

The Chennai Bench Of Income Tax Appellate Tribunal ( ITAT ) remanded the case to the Commissioner of Income Tax (Appeals)[CIT(A)] for a fresh review, citing procedural deficiencies in the assessment...

ITAT allows Concessional Tax Rate u/s 115BAA, Citing Timely Submission of Form 10IC and CPC's Acknowledgment [Read order]

The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the concessional tax rate under Section 115BAA of Income Tax Act,1961 for the assessee, on account of the timely submission of Form...

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