The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has disallowed fees paid towards Investment Advisory Services as assessee only furnished  debit note, and no other documentary evidence. During the course of assessment the A.O

In a Relief to Jindal Steel and Power, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has quashed a revisional assessment passed under section 263 of the Income Tax Act, 1961, for the

In a major relief to the Vodafone Idea, the Bombay High Court held that mere change of Opinion of the AO cannot be reason to reopen Assessment. The Petitioner, Vodafone Idea Ltd. has issued the

While quashing a revisional jurisdiction under section 263 of the Income Tax Act, 1961, the Income Tax Appellate Tribunal (ITAT), Pune bench has held that the same cannot be invoked if there is no illegality

The Income Tax Appellate Tribunal ( ITAT ) has ruled that, Interests from Fixed Deposit Receipts ( FDRs ) not to be assessed under 'Income from Other Sources'. The assessee company M/s Jaypee Powergrid Ltd. 

The Income Tax Appellate Tribunal (ITAT), Chandigarh bench has held that the re-opening of assessment under section 147/148 of the Income Tax Act, 1961 is not valid. The assessee company, M/s Valco Industriesclaimed deduction @

The Income Tax Appellate Tribunal (ITAT), comprising Shri Kul Bharat, Judicial Member & Shri Pradip Kumar Kedia, Accountant Member has held that the Assessing Officer cannot invoke the power to rectify an order under section

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench in view of the negligent, casual and non-compliant behaviour of the assessee, has refused to condone a delay of 789 days. The assessee, Mr. Ishwarsingh Ramchandra Jangid,

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has quashed the Penalty Order as it suffered from vagueness, and did not provide sound legal basis for imposition of penalty. The assessee, Aesthetica Enterprises Pvt.

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the revision order under section 263 of the Income Tax Act, 1961 cannot be invoked merely because the Assessing Officer has not

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the raising of the objection against the income tax proceedings, being a valuable legal right of the assessee, cannot be denied by the department.

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) held that notices issued by assessing officer after 4 years of re-assessment under Section 148 of Income Tax Act, 1961 is invalid. M/s. ECI Engineering

In a relief to Goregaon Sports Club (GSC), a division bench of the Bombay High Court has imposed a cost of Rs 5,000 on the assessing officer for failing to consider a reply the assessee

The Income Tax Appellate Tribunal (ITAT), Allahabad Bench ruled that protective assessment has no independent standing but dependent on the final outcome of the substantive assessment. The income of the assessee, Siya Ram Gupta for

The Income Tax Appellate Tribunal (ITAT), Delhi bench presided by Challa Nagendra Prasad, Judicial Member held that statement recorded u/s 133A has no evidentiary value if made by a person who has no connection with