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Non-mentioning of Reason for dismissal of appeal by CIT(A): ITAT remands Income Tax matter [Read Order]

In a recent ruling, the Income Tax Appellate Authority ( ITAT ) bench at Ranchi remanded an income tax matter because CIT(A) did not specify the...

AO lacked Jurisdiction to Initiate Proceedings: ITAT quashes Order u/s 153C of Income Tax Act [Read...

ITAT allows LTCG Exemption u/s 54 of Income Tax Act in spite of Filing Belated ITR [Read Order]

Failure to Meet Prima Facie Case, Irreparable Loss, and Balance of Convenience: ITAT declines to...

Cash Deposit Sources Insufficiently Verified before making Addition u/s 68 of Income Tax Act: ITAT...

CIT(A) dismisses Income Tax Appeal for Being Time-Barred without considering Offline Filing: ITAT restores Matter [Read Order]

The Jaipur Bench of the Income Tax Appellate Tribunal ( ITAT ) restored the case back to the Commissioner of Income Tax (Appeals) [CIT(A)] for fresh adjudication. The decision follows CIT(A)'s...

Income Tax Deposit already made under IDS: Bombay HC directs Dept to Issue Certificates [Read Order]

The Bombay High Court directed the tax department to issue necessary certificates to the assessee, who has fully paid all dues under the Income Declaration Scheme, 2016 ( IDS ). The petitioner...

Deposit of TDS Deducted with Interest: Bombay HC quashes Criminal Proceedings against Directors [Read Order]

The Bombay High Court has annulled the legal proceedings initiated against the directors of M/s. Hubtown Ltd. under Sections 276B and 278B of the Income Tax Act. This action followed a belated...

Delhi HC Grants Refund, Citing Time-Barred Assessment Due to Delay in Implementing Tribunal’s Directions [Read Order]

In the concerned case, the High Court of Delhi allowed the petition, ruling that the failure to pass a fresh assessment order within the prescribed time rendered the assessment for assessment year...

Compensation awarded under MV Act must compute after Deduction of Income Tax: Andhra Pradesh High Court [Read Order]

The Andhra Pradesh High Court held that compensation awarded under Motor Vehicle Act, 1988 computed after deduction of income tax. The court enhanced the amount of compensation once allowed and...

Exemption Allowable on Sale Consideration Invested In Purchase of Property with Prior Permission of Charity Commissioner: ITAT upholds CIT (A) Order [Read Order]

In a recent case, the Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax [CIT(A)] which allowed the exemption on sale consideration invested in purchase...

Only Short Gap Between Three Income Tax First Appeal Notices: ITAT remands Matter [Read Order]

The Jaipur Bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the matter for fresh adjudication due to a short gap between the 3 notices issued by the CIT(A), leading to a lack of...

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