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Relief to Reliance Motors: ITAT holds Loan to Non-Shareholder Not a Deemed Dividend [Read Order]

Akhaigha T Josh

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) recently upheld an order of the Commissioner of Income Tax Appeals ( CIT(A) ) where it...

“Proceedings to Reopen Assessment not akin to Review Proceedings”: Bombay HC quashes Delayed...

Delhi HC upholds Income Addition deleted by CIT(A) based on True Disclosure by Asseessee [Read...

Failure to Issue Notice by VAT Dept before completion of Assessment Order: Calcutta HC Directs...

ITAT Dismisses Revenue's Appeal, Sides With Assessee in Time-Barred 153C Assessment Case [Read...

CESTAT Reduces Personal Penalty to ₹2 Lakhs Based on Voluntary Offer and Revised Duty Assessment [Read Order]

The Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) Mumbai Bench, reduced a personal penalty from ₹5 lakhs to ₹2 lakhs based on the assessee’s voluntary offer and revised duty...

CIT(E) Rejected 12AB Registration by Relying on S.13(1)(b): ITAT Restores 12AB Registration Application for fresh adjudication [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) restored the matter to the Commissioner of Income Tax (Exemption) [CIT(E)] for fresh adjudication after ruling that the rejection of...

Calcutta HC allows Concessional Rate of Duty on Interstate Sale [Read Order]

The Calcutta High Court allowed the concessional rate of 2% on the subject transaction based on the admitted documents, more particularly the stand taken by the 6th respondent that the sale...

Assessment Issued in Name of Deceased Invalid: ITAT Remands Rs. 18.47 Cr addition for fresh adjudication [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) remanded the matter back to the Assessing Officer (AO) for fresh adjudication in a case where an assessment order was issued in the...

Discrepancies in TDS deduction: ITAT Remands Matter due to Lack of Proper Hearing [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) remanded back to the Commissioner of Income Tax (Appeals) [CIT(A)] after observing that the assessee was not given an adequate opportunity...

Demonetization Cash Deposits: ITAT directs Fresh Assessment, Gives Assessee Opportunity to Submit Relevant Documents [Read Order]

In a significant ruling, the Income Tax Appellate Tribunal ( ITAT ) Chennai Bench has remanded the case of Ramesh Sreenivasalu for fresh assessment, directing the Assessing Officer (AO) to reconsider...

ITAT Remands Case as Assessee was not given Final Opportunity to Explain Cash Deposits [Read Order]

The Income Tax Appellate Tribunal (ITAT) Chennai Bench remanded a case back to the Commissioner of Income Tax (Appeals) CIT(A), granting a fresh opportunity to the assessee to explain cash deposits...