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Option Money to be treated as “Capital Receipt”: ITAT Directs AO to Recompute Capital Gains on Dabur’s Sale of 23% Stake in Aviva JV [Read Order]

Yogitha S. Yogesh

In a recent case, the Income Tax Appellate Tribunal (ITAT) has held that option money to be treated as “Capital Receipt” and directed Assessing...

GST Appeal Limitation Calculated from Physical Dispatch of Order: Madras HC rules Appeal Well Within...

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

ITR Filing - Pre-Filing Tasks - Chartered Accountants - taxscan

Checklist for Chartered Accountants: Pre-Filing Tasks for Accurate ITR Filing

Composite SCN u/s 74 of GST Act for Multiple Assessment Years Not Permissible: Kerala HC [Read...

ITAT Dismisses Income Tax Appeal After Opting for Vivad Se Vishwas Scheme [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) dismissed the assessee’s appeal as withdrawn following a formal opt-in to the Direct Tax Vivad Se Vishwas Scheme, 2024, with liberty to...

Delayed Credit of ESI/EPF Amounts: ITAT deletes Penalty on Assessee for Technical Glitches [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) recently quashed an income tax disallowance, on observing that a one-day delay in crediting employee contributions to the Employees'...

Non-appearance due to communication made to former Accountant’s email: ITAT Remands matter to CIT(A) [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the matter back to the file of the Commissioner of Income Tax Appeals [ CIT( A ) ] for non-appearance as the communication...

Income Tax Annual Digest 2024: ITAT Cases [Part 16]

This annual round-up analytically summarizes all the Income Tax related Orders of the Income Tax Appellate Tribunal (ITAT) Benches of India reported at Taxscan.in during 2024. No Incriminating...

AO added Rs.89,49,138 u/s 69A as unexplained money, Taxpayer submitted paper book explaining each entries: ITAT Remands Matter for Reconsideration [Read Order]

The Ranchi Bench of Income Tax Appellate Tribunal (ITAT) remanded the addition of Rs. 89,49,138 under section 69A of the Income Tax Act matter back to the Commissioner of Income Tax (Appeals)...

Non-Compliance Due to Notice for Seven AYs Issued in Short Period: ITAT Deletes 6 Penalties, Upholds Only One [Read Order]

The Surat Bench of the Income Tax Appellate Tribunal (ITAT) deleted penalties levied on seven assessment years due to non-compliance citing all notices served in a short period and upheld only one...

CIT(A) Rejects Appeal without Merit Discussion: ITAT remits Case for Fresh Hearing [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal(ITAT) sent the case back to the Commissioner of Income Tax (Appeals) [CIT(A)] for a fresh hearing, as the CIT(A) had rejected the appeal in one...