ITAT Jaipur Judgments, Orders & News | Income Tax Appellate Tribunal

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ITAT Jaipur

ITAT Jaipur

Explore the latest ITAT Jaipur judgments, orders, and appellate decisions on direct tax matters from the Jaipur bench of the Income Tax Appellate Tribunal

Penalty Liability on Legal Heirs: ITAT Upholds Liability u/s 159 and Restores Matter to AO to Verify Inherited Estate [Read Order]

Sneha Sukumaran Mullakkal

The Jaipur Bench of Income Tax Appellate Tribunal ( ITAT ) restored the matter to the Assessing Officer (AO ) to verify the extent of the estate...

ITAT Weekly Round-Up

Income Surrendered during Survey Treated as Business Income, Not Unexplained Investment: ITAT...

Invalid Reopening on Old Loan Balances: ITAT quashes Reopening Based on Balance Sheet Suspicion and...

Undisclosed Jewellery & Diary Expenses: ITAT Sets Aside Additions, Holds Family Inheritance and...

₹1.30 Cr Cash Deposits Not ‘Unexplained’ u/s 68: ITAT Relies on Books of Account to Reject Survey-Based Income Tax Addition [Read Order]

The Jaipurbench of Income Tax Appellate Tribunal (ITAT) held that when the cash sales were duly recorded in the books of account, they could not be treated as unexplained under Section 68 and...

Fully Verifiable Business Transactions: ITAT quashes Higher Income Tax Imposition u/s 115BBE [Read Order]

The JaipurBench of Income Tax Appellate Tribunal (ITAT) quashed the 60% tax rate u/s 115BBE, holding that the cash represented fully verifiable business. The assessee, Mahendra Singh...

Income Declared During Survey is Taxable as Business Income u/s 28, Not Under Unexplained Income Sections: ITAT [Read Order]

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) ruled that income declared during survey is taxable as business income under Section 28 of the Income Tax Act, 1961 and not under the...

Partner Remuneration To Be Calculated On Book Profit After Adding Back Survey Income And Disallowances: ITAT [Read Order]

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) ruled on the issue of remuneration to partners under Section 40(b) of the Income Tax Act, 1961 and directed that the computation must be...

Notice by Non-Jurisdictional AO Invalid: ITAT Renders Addition u/s 69A Void Ab Initio [Read Order]

The Income Tax Appellate Tribunal (ITAT), Jaipur, has ruled that a notice issued by a non-jurisdictional Assessing Officer is invalid, rendering the addition under Section 69A of the Income Tax...

No TDS on Franchise Payments u/s 194J: ITAT upholds Deletion of ₹59.11 Lakh Income Tax Demand [Read Order]

The Income Tax Appellate Tribunal (ITAT), Jaipur Bench, has held that payments made by a liquor manufacturing company to brand owners under the head “Franchise Expenses” do not constitute “fees for...

ITAT imposes ₹2k cost for unexplained delay in filing appeal and remands matter to AO for fresh adjudication of disallowance issue [Read Order]

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has imposed a cost of ₹2,000 on M/s. Udai Lal Mahabir Prasad for failing to explain the delay in filing its appeal and remanded the ...