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Addition of Rs.1,26,453 as Anonymous Donations: ITAT Grants One More Opportunity to Furnish Complete Donor Details [Read Order]

Sneha Sukumaran Mullakkal

The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) granted the assessee one more opportunity to furnish complete donor details for the...

ITAT Deletes Capital Gains Addition of Rs.55 Lakh from Noida Property, Allows S.54 Deduction After...

Gujarat HC Seeks CBDT’s Response For Not Extending ITR Filing Due Date Along With Tax Audit Report...

ITAT Quashes Income Tax Assessment Against Vipul Mittal Over Pecuniary Jurisdiction [Read Order]

Service Tax Cannot be Levied on TDS on Foreign Remittances Paid under Income Tax Act: CESTAT [Read...

ITAT Orders Fresh Probe into ₹3.17 Crore Cash Deposits in Egg Trade [Read Order]

Thebench of the Income Tax Appellate Tribunal, Mumbai , has set aside an appeal involving unexplained cash deposits and remanded the matter back to the Assessing Officer for fresh adjudication. The...

Time-Barred Income Tax Notice u/s 148 over Investment Scheme: ITAT quashes Reassessment [Read Order ]

The bench of the Income Tax Appellate Tribunal, Mumbai, has held that the reassessment notice issued under Section 148 of the Income Tax Act, 1961 beyond the permissible period of limitation was...

Alleged Shell Company Transactions: ITAT deletes ₹15 Lakh Addition u/s 68 [Read Order]

The bench of the Income Tax Appellate Tribunal, Kolkata, set aside the addition of ₹15,00,000 made under Section 68 of the Income Tax Act, 1961, holding that the Assessing Officer (AO) failed to...

ITR still not processed? Know Why Delayed and What Now to Expedite Refunds!

Filing the IncomeTax Return (ITR) is only the first step in the annual compliance ritual. For millions of taxpayers across India, the real relief comes when the return is “processed” by the Income...

Income Tax Compliance Calendar for October 2025

October 2025 is an important month for taxpayers with several income tax compliance deadlines. It includes due dates for TDS deposits, TCS statements, audit reports, and filing of income tax returns....

Penalty Paid to Third Parties for Breach of Contract Not Hit by Explanation u/s 37(1): ITAT Deletes ₹34.71 Lakh Disallowance [Read Order]

The Kolkata bench of Income Tax Appellate Tribunal (ITAT) held that the penalty paid to third parties for breach of contract does not come under the explanation of Sec 37(1). ITAT deleted the...

AO Erred in Disallowing ₹1.89 Cr Penalty & Other Expenses: ITAT remands ₹73.26 Lakh UIL Penny-Stock Loss for Fresh Examination [Read Order]

The Kolkata bench of Income Tax Appellate Tribunal ( ITAT ) held that the AO erred in disallowing ₹1.89 Cr penalty and other expenses. The bench remanded ₹73.26 Lakh UIL penny-stock loss for fresh...

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