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Laxmi Prasad Sahu

Cash Payment Disallowance u/s 40A(3) Partially Upheld: ITAT Remits for Verification of Government Cess Payment [Read Order]

Franklin Joshva

The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) provided partial relief to a real estate firm facing significant disallowance on...

Landowner’s ₹1.44 Cr Agricultural Income from Mango Sales Triggers Scrutiny: ITAT Deletes ₹1.20 Cr...

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

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]

The Bangalore Bench of Income Tax Appellate Tribunal quashed a ₹54,700 penalty imposed under Section 272A(2)(e) of Income Tax Act,1961 for the late filing of a tax return, ruling it time-barred. ...

Notice Issued via Email Despite Specification in Form 35 Not to Receive: ITAT Remands Matter Due to Improper Notice Service [Read Order]

The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the matter due to CIT(A) failing to adhere to the explicit instructions in Form 35 where the assessee had requested not 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...