![CIT (A) cannot Dismiss Appeal for Non-Prosecution u/s 250 (6): ITAT orders for Fresh-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Ahmedabad-ITAT-CIT-A-Income-Tax-Appellate-Tribunal-ITAT-orders-Income-Tax-Section-2506-of-the-Income-Tax-Act-appeal-for-non-prosecution-ITAT-NEWS-Income-tax-news-taxscan.jpg "CIT (A) cannot Dismiss Appeal for Non-Prosecution u/s 250 (6): ITAT orders for Fresh-Adjudication [Read Order]")
CIT (A) cannot Dismiss Appeal for Non-Prosecution u/s 250 (6): ITAT orders for Fresh-Adjudication [Read Order]
The two member bench of the Income Tax Appellate Tribunal ( ITAT ), Ahmedabad has ruled that the Commissioner of Income Tax (Appeals) [CIT (A)]...
![AO cannot issue Reassessment Notice: ITAT quashes Order u/s 147 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-ITAT-Income-Tax-under-ITAT-Income-Tax-Reassessment-TAXSCAN.jpeg "AO cannot issue Reassessment Notice: ITAT quashes Order u/s 147 of Income Tax Act [Read Order]")
![Prepaid Finance Charges Deductible in Year of Payment, Amortization Not Necessary: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Prepaid-Finance-Prepaid-Finance-Charges-Amortization-Amortization-Not-Necessary-itat-about-amortization-Finance-Finance-Charges-tax-news-taxscan.jpg "Prepaid Finance Charges Deductible in Year of Payment, Amortization Not Necessary: ITAT [Read Order]")
ITAT directs Fresh Adjudication on Disallowance made u/s 14 A of Income Tax Act due to Error in CIT(A)'s Order [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT)set aside the matter for the Assessment Year (AY) 2017-18, directing a fresh adjudication on the disallowance under section 14A of the Income...
![ITAT directs Fresh Adjudication on Disallowance made u/s 14 A of Income Tax Act due to Error in CIT(A)s Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Ahmedabad-ITAT-Income-Tax-Act-Income-Tax-Appellate-Tribunal-under-section-14A-of-the-Income-Tax-Act-ITAT-Directs-Assessment-Year-ITAT-NEWS-Income-Tax-TAXSCAN.jpg "ITAT directs Fresh Adjudication on Disallowance made u/s 14 A of Income Tax Act due to Error in CIT(A)s Order [Read Order]")
Re-Opening of Assessment by AO u/s 147 of Income Tax Act is Illegal and unjustified due to Unprocessed Original Return: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal(ITAT) quashed the assessment, holding that the re-opening of the assessment under Section 147 of Income Tax Act,1961 was illegal.The Tribunal's...
![Re-Opening of Assessment by AO u/s 147 of Income Tax Act is Illegal and unjustified due to Unprocessed Original Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Appellate-Tribunal-ITAT-Income-Tax-Act-Income-Tax-Section-147-of-Income-Tax-Act-Re-Opening-of-Assessment-ITAT-Delhi-taxscan.webp "Re-Opening of Assessment by AO u/s 147 of Income Tax Act is Illegal and unjustified due to Unprocessed Original Return: ITAT [Read Order]")
Inaccurate Share Transaction Reporting: ITAT directs Reassessment, upholds PCIT's Order u/s 263 of Income Tax Act [Read Order]
Recently, Income Tax Appellate Tribunal ( ITAT ) of Ahmedabad directed for reassessment of an Assessee’s case, noting that there were inaccuracies in reporting share transactions in the relevant...
![Inaccurate Share Transaction Reporting: ITAT directs Reassessment, upholds PCITs Order u/s 263 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-ITAT-Ahmedabad-PCIT-Order-TAXSCAN.jpeg "Inaccurate Share Transaction Reporting: ITAT directs Reassessment, upholds PCITs Order u/s 263 of Income Tax Act [Read Order]")
Income from Staff Loans and Misc. Income directly related to Business is Deemed 'Business Income, not Income from other Sources: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision to classify Rs. 129.03 lacs, including income from staff loans and...
![Income from Staff Loans and Misc. Income directly related to Business is Deemed Business Income, not Income from other Sources: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Ahmedabad-Income-Tax-business-income-business-income-classification-Income-from-staff-loans-TAXSCAN.jpg "Income from Staff Loans and Misc. Income directly related to Business is Deemed Business Income, not Income from other Sources: ITAT [Read Order]")
Non-Verification of Gifts from Grandmother: ITAT remands Matter for Consideration of Additional Documents [Read Order]
In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) ordered JAO to consider additional documents filed before CIT(A) due to non - verification of gifts that were...
![Non-Verification of Gifts from Grandmother: ITAT remands Matter for Consideration of Additional Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Ahmedabad-Income-Tax-Gifts-from-Grandmother-taxation-Grandmother-gifts-tax-taxscan.jpg "Non-Verification of Gifts from Grandmother: ITAT remands Matter for Consideration of Additional Documents [Read Order]")
Treatment of S. 153D Income Tax Act as pari-materia to S. 148 mechanism by AO without Approval: ITAT remands 49 Appeals to CIT(A) [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Cochin Bench recently addressed a significant issue in a batch of 49 appeals involving various entities from the ABC Sales Corporation group for improper...
![Treatment of S. 153D Income Tax Act as pari-materia to S. 148 mechanism by AO without Approval: ITAT remands 49 Appeals to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Cochin-Income-Tax-Act-ITAT-remand-ITAT-remands-49-Appeals-CITA-Section-153D-AO-TAXSCAN.webp "Treatment of S. 153D Income Tax Act as pari-materia to S. 148 mechanism by AO without Approval: ITAT remands 49 Appeals to CIT(A) [Read Order]")