The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that no addition under the Income Tax Act, 1961 can be made towards the deposit of cash received as a professional fee...
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently nullified an ex-parte order passed by the CIT (A) on the ground that the notices for appearances were sent through e-mail and the assessee,...
The High Court of Delhi, while upholding the ruling of Income Tax Appellate Tribunal (ITAT) held that since none of the comparables have been excluded on the ground of high turnover alone, the test of...
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that when a non-resident company files an appeal before the Tribunal, the appeal memo shall be signed and verified by the same person who is...
The High Court of Delhi held that the impugned order passed by the ITAT suffers from perversity in so far as it refused to allow the assessee to urge the grounds by way of an...
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...
The Income Tax Appellate Tribunal (ITAT), while granting relief to Max New York Life Insurance Company Ltd, held that the addition made by the income tax department treating bonus allocated to the policyholders as taxable...
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the Commissioner of Income Tax (Appeals) shall discuss the merits of the case while passing an ex-parte order. Coming to the...
The Income Tax Appellate Tribunal (ITAT) held that the assessee can not be denied the 50% of deduction under Section 54 of the Income Tax Act, 1961 merely because the name of assessee’s son is...
The High Court of Karnataka upheld the decision of the tribunal and held that income received from Forum Mall should be considered as “Income from business” and not “Income from house property”, though an agreement...
The Income Tax Appellate Tribunal (ITAT) held that the addition cannot be sustained without any documentary evidence on record, accordingly the finding of the lower authorities on the issue in dispute was set aside. The...
The Income Tax Appellate Tribunal (ITAT) held that assessment framed by the Income Tax Officer (ITO) without giving notice is bad in law. The assessee filed the return of income for the assessment year 2013-...
The Income Tax Appellate Tribunal (ITAT) held that the registration under section 12AA of the Income-tax Act, 1961 cannot be refused on the ground that trust has not commenced the charitable or religious activity. The...
The Income Tax Appellate Tribunal (ITAT) held that the sale of the property by the Vendee cum Agreement of General Power of Attorney (AGPA) holder cannot be considered as “sale” for the purpose of imposing...
The Income Tax Appellate Tribunal (ITAT) on Monday issues Standard Operating Procedure for Hearing through Video Conference. In pursuance to the Office Order of Hon’ble President, ITAT dated 16th April 2020, wherein the Zonal Vice...
The Income Tax Appellate Tribunal (ITAT) upheld the decision of CIT(A) where 12.5% for taking bills without delivery of goods. The assessee, Vijay B Shah (HUF) is engaged in the trading of iron and steel....
The Income Tax Appellate Tribunal (ITAT) has held that the genuineness of the donations made out of business receipts which are allowable as expenditure under the provisions of the Income Tax Act, 1961 cannot be...
The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) held that Sponsorship and endorsement expenses borne by importers when not includible in the value of imports. The assessee, Adidas India is engaged in importing and...
The High Court of Punjab and Haryana, in a recent ruling, held that the benefit of Rule 6(3) of the Cenvat Credit Rules can not be denied on the basis of mere assumptions regarding the...
The Supreme Court has ruled that the additional tax under the provisions of Section 143(1)(a) cannot be imposed if there was no intention on the part of the assessee to evade tax. In a case...
The Kolkata bench of the Customs Excise and Service Tax Appellate Tribunal (CESTAT) has held that the removal of fly ash from the pond cannot be termed as “Cleaning activity” under Section 65 (24b) of...
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