Read all Latest Updates on and about Judicial Member Sudhanshu Srivastava

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Restored Registration Entitles Charitable Trust to Tax Benefits: ITAT [Read Order]

Advika Dwivedi

The bench of the Income Tax Appellate Tribunal (ITAT), Lucknow, has held that once the registration of a charitable trust under Section 12A of the...

Solicited Donations Still Voluntary in Nature: ITAT allows Corpus Contributions to Rohilkhand...

AO not Legally Entitled to Calculates Sales on Hypothetical Basis ignoring Evidence: ITAT [Read...

Quantum of Disallowance made by AO Excessive and unreasonably High: ITAT Reduces Disallowance [Read...

Non- Compliance to Order of CIT(A) cannot be Sole Reason to Allow Addition on C: ITAT Sets Aside Ex...

Amount in Nature of Debt Claim, till possession was actually handed over is Taxable under India UK DTAA: ITAT [Read Order]

The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT), ruled that amount in nature of debt claim till possession of was actually handed over is taxable under India-UK Double Taxation...

Subsidy received under TUF Scheme is Capital Receipt, allowable as Deduction: ITAT [Read Order]

The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the subsidy received under TUF Scheme is a capital receipt and allowable as a deduction. The Revenue challenged the...

Ignoring Assessee’s Submissions and Additional Evidence is 'Patently and Legally Wrong': ITAT condemns NFAC’s Approach [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chandigarh bench has slammed the National Faceless Appeal Centre (NFAC) for not acknowledging the submissions and additional evidence produced by the...

Appeal dismissed on ground of Delay of 252 Days without asking Reasons: ITAT directs NFAC to Re-consider [Read Order]

In an assessee-favoring ruling, the Income Tax Appellate Tribunal (ITAT) Chandigarh bench has directed the National Faceless Appeal Centre, (NFAC) to re-adjudicate the appeal on merits since the...

No Income Tax Applicable on Income earned from sale of investment: ITAT grants relief to Oriental Insurance [Read Order]

In a major relief to Oriental Insurance, the Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the no Income Tax Applicable on Income earned from the sale of an investment. The...

Re-Assessment based on Enquiry Conducted on Third Party Opinion and Without Application of Mind of the AO is Invalid: ITAT [Read Order]

Delhi bench of Income Tax Appellate Tribunal (ITAT) has held that the re-opening of assessment under section 147/148 of the Income Tax Act, 1961 cannot be made merely based on enquiry conducted on the...