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Laxmi Prasad Sahu

Penalty u/s 271(1)(c) Imposed During Pendency of Quantum Appeal: ITAT Terms It Premature, Sets Aside Order [Read Order]

Sneha Sukumaran Mullakkal

The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the penalty order passed under Section 271(1)(c) of Income Tax Act,1961,...

Notice Erroneously Issued in name of Bangalore Medical College Instead of Bangalore Medical College...

Technical Error in Charitable Institution Registration Application: ITAT Set Asides 3-Year Gap...

Penalty for Late Filing of Tax Return: ITAT quashes Order as Time-Barred [Read Order]

Notice Issued via Email Despite Specification in Form 35 Not to Receive: ITAT Remands Matter Due to...

'Source of Source' Requirement Restricted to Share Capital, Excludes Unsecured Loans and Applies Prospectively from AY 2023-24: ITAT [Read Order]

The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) clarified that the obligation to explain the "source of source" under Section 68 of the Income Tax Act, 1961, is restricted to credits...

ITAT Condones Delay in Appeal Due to serious dispute among Partners, Remands Case for Fresh Assessment with Costs [Read Order]

The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) condoned a 355-day delay in appeal due to a serious dispute among partners and remanded the matter for fresh assessment with costs. ...

Income Tax Annual Digest 2024: ITAT Cases [Part 19]

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. ITAT Remits Matter...

Relief to Toyota: ITAT upholds quashing of Separate Benchmarking of Royalty after Margin accepted to be at ALP [Read Order]

The Income Tax Appellate Tribunal, Bangalore recently granted relief to Toyota, upholding the order of a Transfer Pricing Officer ( TPO ) in which the royalty was separately benchmarked after the...

Inability to prove Unexplained Cash Credit u/s 69A of Income Tax Act: ITAT remits issue to AO for Fresh Consideration [Read Order]

The Bangalore Income Tax Appellate Tribunal (ITAT) remitted the issue to the Assessing Officer (AO) for fresh consideration as the Assessee has failed to prove the unexplained cash credit under...

ITAT Condones 50-day Delay, Directs CIT(A) for Fresh Adjudication in Interest of Substantial Justice [Read Order]

The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) condoned a 50-day delay in filing an appeal and directed the Commissioner of Income Tax (Appeals) [CIT(A)] for fresh adjudication in the...

Delayed PF & ESIC Payments: ITAT remands Matter for Production of Payment Challans [Read Order]

The Bangalore Income Tax Appellate Tribunal (ITAT) Bench remanded the Matter to the Assessing Officer (AO) for Production of Payment Challans in regard to the Delayed PF and ESIC Payments. The...