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Railway Guard Wins Tax Relief: ITAT orders Fresh Assessment After TDS Credit Denial Due to Missed Notices [Read Order]

The Income Tax Appellate Tribunal (ITAT), Raipur Bench, has granted relief to a Goods Train Guard with South Eastern Central Railway, directing a ...

ITAT slashes Tax Demand on Builder LLP, Rejects 'On-Money' Extrapolation Due to Lack of Evidence...

Income Tax Reassessment Proceedings: SC Instructs AO to Dispose of Objections as per Law Laid Down...

ITAT Weekly Round-up[July 26th - August 1st]

ITAT Directs AO to Delete Surcharge and Cess Wrongly Levied on Income Below ₹50 Lakh [Read Order]

Denial of TDS Credit on Farmers Sales by Commission Agent: ITAT Relies on CBDT Circular to Grant Full Credit [Read Order]

The Visakhapatnam Bench of Income Tax Appellate Tribunal (ITAT ) addressed the denial of Tax Deducted at Source (TDS) credit on farmers’ sales made through a commission agent and relied on Central...

Adjustment of ₹31.22 Lakh to LTCG: ITAT Remands Case to CIT(A) With One Final Opportunity [Read Order]

The Visakhapatnam Bench of Income Tax Appellate Tribunal (ITAT ) remanded the matter to the Commissioner of IncomeTax (Appeals)[CIT(A)] with one final opportunity after noting an adjustment of ...

Delay in Filing Appeal Due to Illiteracy and Email Issues: ITAT Condones 349-Day Delay, Restores Ex-Parte Assessment to AO for Verification [Read Order]

Ningaiah Siddu,The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) condoned a 349-day delay in filing the appeal before the Commissioner of Income Tax (Appeals) [CIT(A)], attributing it...

Half-Yearly Income Tax Case Digest: ITAT Decisions 2025 [Part V]

This half-yearly round-up analytically summarizes the key Direct Tax-Income Tax rulings of the Income Tax Appellate Tribunal (ITAT) reported at Taxscan.in during the first half of 2025. ITAT...

Half-Yearly Income Tax Case Digest: ITAT Decisions 2025 [Part IV]

This half-yearly round-up analytically summarizes the key Direct Tax-Income Tax rulings of the Income Tax Appellate Tribunal (ITAT) reported at Taxscan.in during the first half of 2025. Ex...

Loans Qualify as NPAs After 180 Days of Default Under Income Tax Rules, Not 90 Days per NHB Guidelines: Supreme Court Rejects HUDCO’s RP [Read Judgement]

The Supreme Court of India ruled that loans can be treated as Non-Performing Assets (NPAs) for tax deduction purposes only if interest remains unpaid for more than 180 days, as specified under Rule...

Bogus LTCG Addition u/s 68 Not Sustainable: ITAT Validates Demerger-Allotted Shares Transaction Citing Genuineness of Documentary Evidence [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the long-term capital gains (LTCG) from sale of shares allotted pursuant to a demerger scheme were genuine, as the assessee...

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