The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has held that as the special audit reference was illegal, the assessment order is barred by time limitation and hence, liable to be...
The Madhya Pradesh Government has extended the last date for completing assessments and re-assessments under the Madhya Pradesh Value Added Tax ( VAT ) Act and other Acts. The Notification issued by the State Government...
While granting relief to the Micromax Informatics Limited, a division bench of the Bombay High Court held that refund cannot be denied merely because the assessment orders were not challenged by the assessee. Petitioner Company...
The New Delhi bench of ITAT in DCIT versus M/s. Erawat Infotech Pvt. Ltd ruled that assessment based on the information from the investigation wing of the income tax is valid. In instant case as...
The Hyderabad bench of ITAT upheld that deduction cannot be denied since assessee could not furnish the project completion certificate. The bench including P. Madhavi Devi, Judicial Member and S.Rifaur Rahman, Accountant Member was considering...
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) in Urvish B. Mehta versus I.T.O, quashed the reopening since the ‘reason to suspect’ cannot be a ground of reason to re-open assessment....
The Madras High Court has recently held that the assessment under the Tamilnadu General Sales Tax Act cannot be re-opened merely on the basis of the opinion of the audit party alone, without any independent...
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the assessment against a non- existent entity is not valid under the Income Tax Act, 1961. In the instant case, the assessee-...
A two-judge bench of the Delhi High Court has held that the inaccuracy or mistake in a notice issued under section 147 of the Income Tax Act would make the same legally not valid. In...
The Income Tax Appellate Tribunal ( ITAT ), Delhi bench, in the case of Vertex Customer Management India Pvt. Ltd v. DCIT held that an Assessment against a non-existing amalgamating Company instead of the amalgamated/...
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) in Sh. Ravinder Taneja v. ACIT, held that the Penalty imposed on the assessee becomes invalid since the assessment under Section 158BC of...
While allowing the appeal of Assessee in Poonam Bhotika versus Income Tax Officer, the Kolkata bench of the ITAT held that the Commissioner of Income Tax ( CIT ) has no power under section 263...
The Hyderabad bench of ITAT in ‘DCIT v. Shashikala Ramkumar’ slammed the Revenue officials for making additions erroneously and making an appeal on irrelevant grounds. The assessee Shashikala Ramkumar, filed her return of income declaring...
The Agra Bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of M/s Deepraj Hospital (P.) Ltd. v. ITO held that the proceedings initiated under Section 147 of the Income Tax...
The ITAT Ahmedabad bench, in ‘DCIT v. M/s Real Strips Ltd, held that any additions based on mere statements during the survey are invalid without tangible materials. A survey was conducted at the factory premises...
In the case of Aristo Industries vs. ITO, Kolkata bench of Income Tax Appellate Tribunal ( ITAT ) recently held that addition cannot be made since the Assessing Officer (AO) has estimated profits of the...
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) in The Nainital Bank Ltd. vs. ACIT, held that Assessment can’t be reopened for mere non-disclosure of a method used for calculation of disallowance under...
The Raipur Bench of Income Tax Appellate Tribunal (ITAT) upholding the decision of Commissioner of Income Tax (Appeals) held that in the absence of any incriminating material found at the time of search, the assessment...
Reportedly, the Central Bureau of Investigation (CBI) has launched four fresh cases against the Principal Income Tax Commissioner in connection with the alleged favors granted to businessmen after receiving a bribe. Dutta was arrested by the CBI last...
The Goods and Services Tax Network ( GSTN ), the official common portal for the newly implemented Goods and Services Tax, has enabled a new facility in the search module of the Portal to check...
In M/s. Anujay Hycare vs. The Income Tax Officer, the Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the Assessing Officer cannot pass the assessment order under Section 143(3) of the Income Tax...
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