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Rejection of Additional Evidence by weighted Deduction u/s 35(2AB): ITAT directs Re-adjudication Admitting Evidences [Read Order]

Kavi Priya

The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) directed the Commissioner of Income Tax (Appeals) to admit the additional evidence to...

ITAT remands Assessment back to AO for Fresh Review due to Non-Receipt of Notices and Disputed Cash...

No Exemption to NRIs from Mandatory Faceless Procedure under Income Tax Act: Telangana HC [Read...

Lack of Adverse observations by AO: ITAT allows long-term Capital Gain Exemption [Read Order]

Undeclared Foreign Income from House Property and Other Sources Declared in Rectified ITR: ITAT...

Exemption u/s 10(23C)(iv) cannot be rejected if Net Surplus is less than 20% of Total Receipts: ITAT [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) held that the exemption claimed under Section 10(23C)(iv) of Income Tax Act, 1961, cannot be rejected if the net surplus is less...

Lack of Conclusive Evidence: ITAT quashes Revision Order u/s 263 alleging Cash Payment [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) recently quashed the Principal Commissioner of Income Tax ( PCIT ) revision order under Section 263 of the Income Tax Act, 1961. The...

ITAT Remands Case to CIT(A) Due to Incorrect Filing Date of Income Tax Return [Read Order]

In the concerned case, the Cuttack bench of Income Tax Appellate Tribunal( ITAT ) partially allowed the appeal of the revenue appellant, by noting that the Commissioner of Income Tax (Appeals)...

Deduction u/s 54F of Income Tax Act Allowable On Construction Of The New Dwelling/Residential Unit: ITAT [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that deduction under section 54F of Income Tax Act, 1961 is allowable on construction of the new dwelling/residential unit. ...

ITAT allows Income Tax Exemptions u/s 80P, claimed by CIDCO [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the appeal in favour of the assessee CIDCO and allowed income tax deduction under Section 80P(2)(a)(i) and 80P(2)(d) of the...

None appeared on behalf of Assessee for Hearing 33 Time Consecutively: ITAT dismisses Appeal [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal due to non-cooperative and non-appearance of the assessee for consecutively 33 hearings. The Assessee, P....

Settlement Commission Order cannot be Rectified u/s 154 of Income Tax Act: Madras HC [Read Order]

The Madras High Court ruled that the Assessing Officer ( AO ) cannot rectify the order issued by the Settlement Commission. The rectification under Section 154 of Income tax Act, 1961 cannot be...

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