Latest Income Tax News, Updates & Judgments

Top

Begin typing your search above and press return to search.

Home
»
Income Tax

GST Demand Order Solely Relying on Income Tax Dept Findings without Independent Finding cannot be Sustained: Allahabad HC [Read Order]

Navasree A.M

In a recent ruling, the Allahabad High Court determined that a GST ( Goods and Services Tax ) demand order issued under Section 73 of the GST Act,...

Relief to Bank of Bahrain & Kuwait: ITAT Allows Deduction from Book Profit for Withdrawn Reserves...

Tax Implications Triggered only upon Actual Sale or Transfer of Asset, no Additions shall be made...

No Incriminating Evidence Found in Search, Unexplained Cash Credit Declared Invalid: ITAT upholds...

Search Assessment shall be Computed u/s 153 of Income Tax, not u/s 147: ITAT quashes Assessment...

Absence of Incriminating Material: ITAT rules out Addition on Completed Assessment [Read Order]

The Jaipur Bench of Income Tax Appellate Tribunal ( ITAT ) ruled out additions on completed assessments due to the absence of incriminating material. The tribunal noted that the Assessing Officer...

S. 148 Income Tax Act Notice to Deceased Person: Bombay HC directs to issue Fresh Notice to Widow [Read Order]

In a recent ruling, the Bombay High Court directed to issue a replacement notice to legal representatives of the deceased person and proceed with the matter. In this case, the petitioner, Geeta,...

Subscription Fees from cloud Services not Taxable as Royalty in India under India-Ireland DTAA: ITAT [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal (ITAT) of Delhi held that subscription fees from cloud services are not taxable as royalty in India under the India -Ireland Double Taxation...

Overreach beyond Limited Scrutiny Jurisdiction: ITAT quashes PCIT’s Order u/s 263 of Income Tax Act [Read Order]

The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) recently quashed an order passed under section 263 of the Income Tax Act 1961 ( ITAT ) by the Principal Commisioner of Income Tax ( PCIT )...

Relevant Information Sought by AO Not Provided by Assessee: ITAT Restores Matter to AO for Fresh Adjudication [Read Order]

Recently, the Income Tax Appellate Tribunal (ITAT) of Delhi restored a matter back to the Commissioner of Income Tax (Appeals) [CIT (A)] for fresh adjudication as ex parte order was passed without...

Relief for BSNL Employees’ Co-operative Society: ITAT grants Section 80P(2) Deduction [Read Order]

The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled in favour of BSNL Employees' Co-operative Society, granting it the benefit of deduction under Section 80P(2) of the Income...

ITAT directs AO to recompute Penalty on Incorrect Income Tax Deduction u/s 54EC [Read Order]

In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) directed the assessing officer to re-compute the quantum of penalty on incorrect income tax deduction under...

Prev Page Next Page