Latest Income Tax News, Updates & Judgments

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Justice Should Not only be Done but also Appears to be Done: ITAT Remands Disallowance of Purchases Matter to AO for Verification [Read Order]

The New Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the disallowance of purchases matter back to the file of the assessing...

No Disallowance u/s 14A when no Exempt Income earned by Assessee: ITAT dismisses Revenue Appeal...

Limitation u/s 263 of Ties to Original Assessment Order when Reassessment Order is Distinct and...

Stay Application Rejected by Income Tax Dept Over alleged Under-Reporting: Madras HC directs to...

Relief to EY: ITAT rules Reimbursement of Secondment Charges not FTS under Article 12 of India-USA...

Proper Enquiry done by AO: ITAT quashes Revision Order u/s 263 of Income Tax Act [Read Order]

The Ahmedabad bench of ITAT quashed the revision passed under Section 263 of the Income Tax Act, 1961, observing that the Assessing Officer had conducted a proper enquiry. In this case, the...

Routine Support Services not FTS under India-UK DTAA: ITAT [Read Order]

The Delhi bench of Income Tax Appellate Tribual ( ITAT ) recently in a case held that routine support services are not to be classified under “Fee for Technical Services” ( FTS ) under the...

Tax Amount already Deposited: Jharkhand HC quashes Criminal Proceedings against Bizman [Read Order]

The High Court of Jharkhand has quashed criminal proceedings against a tractor trader and franchisee of Mahindra and Mahindra, in a case related to alleged tax evasion. The proceedings were initiated...

Income Tax Notice Sent to Wrong Address: ITAT sets aside Order u/s 144 of Income Tax Act [ Read Order]

Recently, the Ahmedabad “A” Bench of Income Tax Appellate Tribunal (ITAT) set aside an order passed under Section 144 of the Income Tax Act, 1961 (ITA), noting that income tax notices were not sent...

Unacknowledged Adjournment Requests: ITAT remands Matter to CIT(A) For Fresh Consideration [Read Order]

The Income Tax Appellate Tribunal (ITAT) of Delhi recently remanded a matter back to the lower authority for fresh consideration, noting that the assessee’s requests for adjournment were not...

Meeting requirements of section 148 of Income Tax Act eliminates need for Separate Notice u/s 143: ITAT [Read Order]

Income Tax Appellate Tribunal ( ITAT ) in a recent case held that meeting statutory requirements of Section 148 of Income Tax Act 1961 ( ITA ) eliminates the need for separate notice under section...

Only 6 days provided to Address Bank Credits Variation: Madras HC directs Reconsideration of Income Tax Assessment Order [Read Order]

The Madras High Court remanded the case for reconsideration, citing insufficient time given to the petitioner to address the variation in bank credits. The Income Tax Department had only allowed six...

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