Latest Income Tax News, Updates & Judgments

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Technical Error in Charitable Institution Registration Application: ITAT Set Asides 3-Year Gap Cancellation Order, Remands Matter [Read Order]

The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the order of the Commissioner of Income Tax (Exemptions) [CIT(E)]...

Senior Citizen Not Familiar with Online Systems: ITAT Remands Section 12AB and 80G Matter for...

Disclosure alone Insufficient to Escape Applicability of Section 69A: ITAT [Read Order]

Inadvertent Email Oversight: ITAT remits Appeal to CIT(A) for Adjudication on Merits with ₹15,000...

Failure to Prove Assessee's Share Ownership: ITAT deletes ₹2.53 Lakh Income Tax Addition u/s 68 in...

ITAT quashes PCIT Directions on TDS under Section 194J and Closing Stock Valuation [Read Order]

In partial relief to an assessee, the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has quashed two major directions issued by the Principal Commissioner of Income Tax (PCIT) under Section...

ITAT upholds Revision on AO's Lapses in Verifying TDS on Rent and Unsecured Loans [Read Order]

The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has upheld the Principal Commissioner of Income Tax’s (PCIT) revisionary action under Section 263 of the Income Tax Act, 1961, against the...

S. 148A Notice Must Be Issued Before S. 147 Order: Jharkhand HC Quashes Order, Finds Lapse by Income Tax Dept [Read Order]

The Jharkhand High Court has quashed an order passed under Section 147of the Income Tax Act, 1961, after the Income Tax Department Counsel admitted failure to issue the mandatory notice under Section...

ITAT upholds PCIT Order on Depreciation Disallowance, holds AO Ignored Rental Terms and Asset Usage Facts [Read Order]

The ITAT Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has upheld the revisionary order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income Tax...

ITAT Sets Aside Ex-Parte CIT(A) Order, Slaps ₹10k Cost on Assessee for Chronic Delays [Read Order]

The Income Tax Appellate Tribunal (ITAT), Nagpur Bench, has set aside an ex-parte order issued by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, and remanded the matter...

ITAT sets aside PCIT Order on Revenue Recognition, Holds No Revenue Prejudice as Income Declared in Subsequent Years [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) set aside an order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income Tax Act, 1961. The bench...

ITAT gives Taxpayer Second Chance: Ex-Parte CIT(A) Order Set Aside for Natural Justice [Read Order]

In a significant decision, the Income Tax Appellate Tribunal (ITAT), Nagpur Bench, has set aside an ex-parte order passed by the Commissioner of Income Tax (Appeals) [CIT(A)] and granted the...

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