Latest Income Tax News, Updates & Judgments

Begin typing your search above and press return to search.

Home
»
Income Tax

ITAT Deletes Expense Disallowance u/s 14A Due to Lack of Exempt Income [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the expense disallowance under Section 14A of Income Tax Act,1961,due to a lack...

ITAT quashes Income Tax Assessment due to Lack of Higher Authority Approval u/s 151 for Reopening...

ITAT Deletes Interest Disallowance u/s 36(1)(iii) for Genuine Unsecured Loans, Upholding CIT(A)...

ITAT remands Case to AO for Fresh Assessment of Unexplained Income, considering Additional Evidence...

ITAT quashes Revision Order passed without showing Prejudice to Revenue or Error by AO [Read Order]

No Bar u/s 115 BAC to Carry Forward and Set off Losses Under Capital Gains: ITAT [Read Order]

The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) has held that Section 115BAC of the Income Tax Act , 1961 does not specifically bar carry forward and set off of losses under Capital Gains. ...

Filing Fee for Increased Share Capital Classified as Revenue Expenditure: ITAT Upholds AO's Decision [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the Assessing Officer's (AO) decision to classify the filing fee for an increase in authorized share capital as revenue...

Income Tax Deduction Eligibility of Cooperative Society

Co-operative Societies are associations of voluntary individuals who work together to meet common economic, social, or cultural needs through a jointly owned and controlled enterprise. Cooperative...

ITAT Sets Aside CIT(A) Order, Directs NFAC to Resolve Appeal Alongside Pending Assessment Matter [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT)set aside the order of the Commissioner of Income Tax (Appeals)[CIT(A)] and directed the National Faceless Appeal Centre (NFAC) to resolve...

ITAT Rules S.56(2)(x) Inapplicable to Property Transaction Due to Execution of Agreement Before 01 April 2017 [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) ruled that the provisions of Section 56(2)(x) of the Income Tax Act, 1961, do not apply to a property transaction where the agreement was...

ITAT Quashes ₹4.27 cr Addition in Alleged Bogus LTCG from Penny Stock Transactions Citing Lack of Fair Opportunity for Senior Citizen [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) quashed the Rs. 4,27,83,714 addition alleged bogus long-term capital gains ( LTCG ) from penny stock transactions citing the Lack of Fair...

Curable Defect in Form 35A: ITAT Sets Aside DRP Order [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the Dispute Resolution Panel's ( DRP ) order, ruling that the defect in Form 35A, which was initially signed by the Authorized...

Prev Page Next Page