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ITAT Upholds CIT(A) Order, Deletes Additions u/s 153A Citing Lack of Incriminating Material Post-Search [Read Order]

Adwaid M S

The Income Tax Appellate Tribunal (ITAT) Chandigarh ruled in favor of the assessee and upheld the order of the Commissioner of Income Tax (Appeals)...

ITAT Delhi Drops Tax Appeal as LiuGong India Opts for Relief under Vivad Se Vishwas Scheme [Read...

STCG already Taxed: ITAT deletes Rs. 1.20 Crore Wrong addition [Read Order]

CPC denies FTC for late filing of Form 67: ITAT Rules Form Filing Directory not Mandatory [Read...

CIT(E) Rejects 12A Registration: ITAT Remands Matter, Directs Applicant to Submit Documents [Read...

Discrepancies in TDS deduction: ITAT Remands Matter due to Lack of Proper Hearing [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) remanded back to the Commissioner of Income Tax (Appeals) [CIT(A)] after observing that the assessee was not given an adequate opportunity...

Penalty u/s 271AA cannot be Levied without Identifying Missing Documents: ITAT [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) ruled that a penalty under Section 271AA of Income Tax Act,1961 cannot be levied without identifying the specific missing documents. The...

Assessment Invalid due to Defective Satisfaction Note: ITAT Sets Aside PCIT’s Revisionary Order [Read Order]

The Pune Bench of Income Tax Appellate Tribunal(ITAT) set aside the Principal Commissioner of Income Tax’s (PCIT) revisionary order under Section 263 of Income Tax Act,1961 ruling that the assessment...

₹1 Crore Addition for Unexplained Loans: ITAT Deletes Addition due to Sufficient Evidence [Read Order]

The Jaipur Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the ₹1 crore addition made under Section 68 of Income Tax Act,1961 for unexplained loans, due to sufficient evidence. Raj Kumari...

Taxability of ₹7.11 Crore FD Interest in Land Compensation: ITAT Orders Fresh Assessment [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) ordered a fresh assessment on the taxability of ₹7.11 crore Fixed Deposit (FD) interest earned from land compensation. Ranjitsinh...

Assessment Converted from limited to Unlimited Scrutiny without Approval: ITAT Remands Case [Read Order]

The Jaipur Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case back to the Commissioner of Income Tax(Appeals)[CIT(A)] for a fresh decision, ruling that the Assessing Officer( AO ) did...

Bombay HC upholds Addition on Bogus Purchase u/s 69C of Income Tax Act in Absence of Explanation on Source [Read Order]

The Bombay High Court has upheld the addition on bogus purchase under Section 69 C of the Income Tax Act,1961 as the respondent-assessee failed to prove the genuineness of the purchases. Kanak...

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