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Religious Activity Struck Down in Trust Deed: ITAT Holds Charitable Nature for S. 80G Approval Citing Non Violation of 5% Threshold Limit [Read Order]

Franklin Joshva

The Surat Bench of the Income Tax Appellate Tribunal (ITAT) held that the trust qualifies for approval under Section 80G ofthe Income Tax Act, 1961,...

Mere Upload of Notice in Income Tax Portal Not a Valid Service: ITAT Quashes Assessment Order,...

166 Years of Income Tax in India: A Look Back at History, Policy, and Progress

Penalty u/s 271(1)(c) Imposed During Pendency of Quantum Appeal: ITAT Terms It Premature, Sets Aside...

Penalty u/s 271D Imposed for Cash Transaction in Wrong AY: ITAT Directs AO to Delete Penalty [Read...

Income Addition Based on Third-Party Disclosure Without Evidence Not Sustainable: ITAT [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) held that an income addition based solely on third-party disclosure without supporting evidence is not sustainable. Sandipkumar...

Income Estimation Invalid Without Invoking S.145 and Rejecting Books of Account: ITAT [Read Order]

The Cuttack Bench of Income Tax Appellate Tribunal ( ITAT ) held that income estimation is invalid without invoking Section 145 under the Income Tax Act,1961,and rejecting the books of account. ...

ITAT Denies Immunity from Penalty as Application u/s 270AA Not Filed in Prescribed Format [Read Order]

The Cuttack Bench of Income Tax Appellate Tribunal (ITAT) dismissed the appeal of the appellant-assessee, who had sought immunity from penalty under Section 270AA of Income Tax Act,1961,without...

Rectification Order Passed After Vivad Se Vishwas Settlement Invalid: ITAT Quashes ₹1.13 Cr Additional Demand [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has set aside an additional demand of ₹1,13,05,449 raised through a rectification order under Section 154 of the Income Tax Act, 1961 and ...

ITAT Allows HRA Exemption of ₹7.8 Lakh for Salaried Employee, Slams CPC for Erroneous Disallowance [Read Order]

The Income Tax Appellate Tribunal (ITAT) Ahmedabad bench has ruled in favor of a salaried employee, allowing a house rent allowance (HRA) exemption of ₹7.8 lakh and criticizing the Centralized...

Penalty Invalid If Specific Charge u/s 270A is Not Mentioned in Income Tax SCN: ITAT Deletes Penalties for Four Assessment Years [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted penalties levied on an assessee under Section 270A of the Income Tax Act, 1961 for Assessment Years (AY) 2017–18 to 2020–21...

Scrap Dealer Gets Second Chance: ITAT Orders Fresh Hearing After ₹3.84 Crore Tax Dispute Dismissed Without Merit Review [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune bench, has granted relief to a Maharashtra-based scrap dealer by directing a fresh hearing in his ₹3.84 crore tax dispute case. The tribunal ruled that...

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