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Club and Entrance Fees Disallowance u/s 37: ITAT Upholds CIT(A)'s Order Allowing Expenditure for MRF as Reasonable for Business [Read Order]

Sneha Sukumaran Mullakkal

The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals)[CIT(A)]’s order allowing MRF’s...

Non-Compliance with Statutory Notices and Absence of Verifiable Stock Evidence: ITAT Sustains ₹68.07...

Income Tax Dept Picks 1.6 Lakh Returns for Scrutiny, Three Times Higher Than Usual

S.68 cannot be invoked for non-appearance before AO when genuineness established through documents:...

Tax Leviable on Gain out of Crypto Currency Sale as Capital Gains: ITAT [Read Order]

Assessee Not Given an Opportunity to Properly Canvas Appeal: ITAT Quashes Ex Parte Order [Read Order]

In a recent judgment, the Income Tax Appellate Tribunal ( ITAT ), a Delhi Bench, quashed an ex parte order passed by Commissioner of Income Tax (Appeals) of the National Faceless Appeal Centre ( NFAC...

ITAT Overturns AO's Rejection of Books, deletes Addition of Cash Deposits as Unexplained Income Citing Lack of Evidence of Specific Discrepancies [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) overturned the Assessing Officer’s (AO) rejection of books and deleted the addition of Rs. 4,12,67,000 as unexplained income, citing the...

ITAT remands Case to AO for Fresh Assessment of Unexplained Income, considering Additional Evidence [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case to the Assessing Officer (AO) for a fresh assessment of unexplained income, considering additional evidence submitted...

Overreach beyond Limited Scrutiny Jurisdiction: ITAT quashes PCIT’s Order u/s 263 of Income Tax Act [Read Order]

The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) recently quashed an order passed under section 263 of the Income Tax Act 1961 ( ITAT ) by the Principal Commisioner of Income Tax ( PCIT )...

CIT (A) cannot Dismiss Appeal for Non-Prosecution u/s 250 (6): ITAT orders for Fresh-Adjudication [Read Order]

The two member bench of the Income Tax Appellate Tribunal ( ITAT ), Ahmedabad has ruled that the Commissioner of Income Tax (Appeals) [CIT (A)] cannot dismiss an appeal for non-prosecution under...

Pandemic and Fire Incident Hinder Compliance with CIT (A): ITAT sets aside CIT (A) Addition, Directs Fresh Adjudication [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside the addition made by the Commissioner of Income Tax (Appeals) ( CIT (A) ) and directed fresh adjudication, noting that...

Income Tax Return Filing 2024: Common Portal Errors, Other Issues and Fixes that You Must Know

Filing Income Tax Returns ( ITR ) can sometimes be a labyrinthine process, filled with potential pitfalls. Despite the apparent straightforwardness, many taxpayers encounter recurring challenges that...