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ITAT Restores Assessee’s Appeal After NFAC Dismisses it for Non-Compliance: Grants One Last Opportunity with Cost [Read Order]

Eeva Mary Sanil

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) restored the appeal of an assessee, Subramaniyam Kulandhaivel, which had been dismissed...

Assessee Wins Appeal as ITAT Slams CIT(A) for Skipping Key Legal Challenge on Search-Based Notice...

Chhattisgarh HC Disposes of Income Tax Appeal as Tax Effect Falls Below Revised ₹2 Cr Threshold...

Rejecting GST ITC Refund on Basis of Extraneous Material: Patna HC Directs Rejection Order be...

Application seeking Approval under section 80G(5)(i) Rejected on technical ground without providing...

ITAT Dismisses GE Steam Power System’s Appeal on opting for dispute Settlement under VSVS [Read Order]

In a recent case, the Income Tax Appellate Tribunal (ITAT) dismsises the appeal filed by GE Steam Power Systems as it opted for dispute settlement under Vivad se Vishwas Scheme, 2024 (‘VSVS’). ...

Rejection of Trust Registration Due to Non-Submission of Required Documents: ITAT Restores Matter to CIT(E) [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) restored the matter to the Commissioner of Income Tax(Exemption)[CIT(E)] after rejecting the trust registration application under Section 12AB...

"Motor Controllers" Classifiable as "Parts of Electric Motors" For Import Valuation: CESTAT Upholds Customs Commissioner’s Order [Read Order]

In a recent decision by the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) of the Eastern Zonal Bench, Kolkata, the tribunal upheld the ruling of the Commissioner of Customs...

Punjab & Haryana HC directs to Waive Interest in Situations beyond Assessee's Control in Timely Filing of Income Tax Returns [Read Order]

The Punjab and Haryana High Court in a recent ruling held that interest for late filing of income tax returns can be waived in situations where the delay was beyond the control of assessee. Sant...

Cash Deposit Made in Bank Account Stands Thoroughly and Properly Explained: ITAT Deletes Addition of Rs. 7.43 Crore [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) ruled that the cash deposit made in the bank account was thoroughly and properly explained, resulting in the deletion of an addition of Rs....

Expenditure incurred exclusively for business to be allowed whether or not assessee was having any income during year: ITAT [Read Order]

Income Tax Appellate Tribunal (ITAT), Chennai bench consisting of V Durga Rao, Judicial Member and Manoj Kumar Aggarwal, Accountant Member held that expenditure incurred exclusively for business to...

No addition is Permitted u/s 68 of Income Tax Act as Unsecured Loan when Cash Deposits in Bank A/c of Lender Firm is Accepted: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition made under Section 68 of the Income Tax Act, 1961 on unsecured loan obtained from a firm by the Assessee on the...