The Income Tax Appellate Tribunal (ITAT) Mumbai Bench Ruled that the Tax Deduction at Source should be allowed in a year under consideration for which such income is assessable. Ignitive Digitech Private Limited, the assessee

The Delhi High Court directed a De novo adjudication against the notice under Section 148A(b) of the Income Tax Act, 1961 issued by the Assessing Officer (AO) without furnishing the relevant material or information against

The Jharkhand High Court while entertaining a human trafficking case, granted bail to the petitioner on the grounds that no material evidence was found to prove the commissioner of offences of money laundering under Prevention

This weekly round-up analytically summarises the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan.in during the previous week from June 3 to 9, 2023. Relief to Britannia: Revision without Proper

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) recently dismissed the interest charged by the Assessing Officer on reply to notice under Section 148 of Income Tax Act filed within 30 days. The

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that reopening of assessment done without the application of mind based on misunderstood facts is not valid. The assessee, Ravi Gopal Trivedy was

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has upheld the reduction in profit eligible for deduction in revenue sharing as the assessee had the ownership of equipment in bandwidth selling business. The assessee-company

The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that the landlord was not liable for deduction of Tax Deduction at Source (TDS) under wrong provision by the tenant. Assesee Rajesh Kumar

In order to provide some more time to the taxpayers, the date for linking PAN and Aadhaar has been extended to 30th June, 2023 by the Central Board of Direct Taxes (CBDT), whereby persons can

The Jaipur bench of Income Tax Appellate Tribunal (ITAT) imposed the penalty of Rs 2000 on assessee because of the negligent attitude during the income tax proceedings. The brief facts of the case is that

As a significant move to ensure the speedy disposal of Income Tax cases, the Government by the Union Budget has proposed to amend the Income Tax Act, of 1961. Clause 102 of the Bill seeks

The 2023 union budget Presented by the finance minister Nirmala Sitharaman introduced so many tax reliefs to the taxpayers of India. One of the major among was related to the Agni path scheme. Under the

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has recently observed that the appeals filed in relation to share application and share premium are done by Shell Companies, devoid of any business. A

The Income Tax Appellate Tribunal ( ITAT ), Mumbai Bench, has recently , in  the appeals filed before it,  while granting relied to  SBI, held that unrealized interest on borrower accounts classified as non- performing

Proceedings against a senior citizen on non-submission of the document were quashed by the Amritsar bench of the Income Tax Appellate Tribunal (ITAT) by considering the long distance and age. Sh. Subash ChanderSaggi, the assessee