The Income Tax Appellate Tribunal (ITAT), Vishakhapatnam bench consisting of Duvvuru R L Reddy, Judicial Member, and S Balakrishnan, Accountant Member held that export entitlements (MEIS) and duty drawback of promotion scheme is income assessable

Quashing a revision order passed under section 263 of the Income Tax Act, 1961, the Income Tax Appellate Tribunal (ITAT), Jaipur bench has held that the scope of limited scrutiny is confined to its purpose

The Bangalore Bench of Income Tax Appellate Tribunal presided by Mr. Chandra Poojari, Accountant Member and Mr. George George K, Judicial Member has held that assessee fails to explained drastic decrease of share rate from

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench consisting of Pramod Kumar, Vice President, and Siddhartha Nautiyal, Judicial Member sets aside addition towards 'Anonymous Donations' thereby granting relief to Indian Red Cross Society. The assessee,

The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that addition towards cash payment u/s 40A(3) will not sustain without incriminating material and deleted the addition made by the AO. The assessee was represented

The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that as per rule 8D(2)(iii), the disallowance under 14A needs to calculate based on the average value of the share by exempt income

The Income Tax Appellate Tribunal (ITAT), Hyderabad bench has held that Vodafone Idea Ltd, has no obligation to pay TDS on the auto roaming charges paid to other telecom operators as per the provisions of

The Chennai Bench of Income Tax Appellate Tribunal has held that initiation of penalty proceedings u/s.271(1)(c) on a defective notice is invalid. The assessee, Shri R. Sathiamurthy, is an individual appealed before CIT (A) against

The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that bad debt formed under the corporate structure scheme reduces sundry receivables and confirms the addition of bad debts written off to accounts. The Revenue

The Delhi bench of the Income Tax Appellate Tribunal (ITAT), has held that the re-assessment under section 147 read with section 143(3) of the Income Tax Act, 1961 is not sustainable in the eye of

A division bench of the Delhi High Court has held that the exemption under the provisions of the Income Tax Act, 1961 cannot be denied to a charitable entity merely for the reason that the

The Supreme Court, on Tuesday, held that whether corporate death of amalgamating entity upon amalgamation per se invalidates an assessment order issued under the Income Tax Act, 1961 cannot be determined on a bare application

The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the exemption under section 54B of the Income Tax Act, 1961 is not available if the assessee purchased new agricultural land in the name

Income Tax Department carried out a search operation on 08.03.2022 on a cable operator of Mumbai, a State Govt employee and the businesses related to him. A total of 26 premises spread over Mumbai, Pune,

The Income Tax Appellate Tribunal (ITAT), Pune bench, while deleting an addition against an individual, held that the department shall adopt a holistic approach and analyse the facts of the case while making additions. The