Read all Latest Updates on and about National Faceless Appeal Centre

Top

Begin typing your search above and press return to search.

Home
»
National Faceless...

Delhi HC Sets Aside ITAT Order, Holds "Fit Case" Statement Sufficient for Valid Approval u/s 151 of Income Tax Act [Read Order]

Yogitha S Yogesh

In a recent ruling, the Delhi High Court set aside an Income Tax Appellate Tribunal (ITAT) order, holding that a statement recording "it is a fit...

Calcutta HC finds Penny-Stock Trading Loss as Bogus, sets aside ITAT disallowance Order [Read Order]

ITAT Shields Investor from Tax, Says Documented Stock Exchange Trades Trump Tax Dept's Presumptions...

Assessee’s Failure to Reconcile the Discrepancy Justifies Addition: ITAT upholds Donation...

ITAT allows All Appeals of FMI Automotive Components on Foreign Exchange Loss, Capital Expenditure &...

Share Capital and Member Deposits Wrongly Clubbed: ITAT Remands Matter Back to AO for De Novo Verification [Read Order]

The Cochin Bench of the Income Tax Appellate Tribunal ( ITAT ) has remanded the case of Keezhuparamba Service Co-operative Bank Ltd. back to the Assessing Officer (AO) for de novo adjudication,...

Categorisation of ₹38 Lakh Non-Compete Fee as Revenue Expenditure: ITAT Allows Deduction to Real Estate Firm [Read Order]

The bench of the Income Tax Appellate Tribunal, Ahmedabad, has allowed the deduction of non-compete expenditure claimed by a real estate firm, ruling that the payment made to a retiring partner was...

Income Tax Refund of Educational Institution: SC Modifies P&H HC Order by Reducing Appeal Disposal Time from 1 year to 2 months [Read Order]

The Supreme Court has directed the expeditious disposal of its income tax appeal concerning a large income tax refund claim of the Dalhousie Public School Educational Society. The apex court...

Snack Vendor’s Cash Deposits verified via Books and Sale Records: ITAT Deletes Addition, Orders Re-computation [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chandigarh “B” Bench has deleted an addition relating to unexplained cash deposits made by a snack vendor, holding that the deposits were duly supported by...

Legal Representative Updation on Death of Assessee on Income Tax Portal is Sufficient Intimation of Death: ITAT Rules Section 147 Proceedings Void Ab Initio [Read Order]

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench, has held that once the death of an assessee and the particulars of the legal representative are duly updated on the Income Tax e-filing...

Tax Consultant’s Negligence and Rural Location Causes 253-Day Appeal Delay: ITAT Remands Cash Deposit Case for fresh Adjudication [Read Order]

The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT ) has condoned a delay of 253 days in filing an appeal and observed that the delay was due to the assessee’s location in a backward...

NFAC Apologises for Denial of Hearing Due to Oversight and Huge Case Pendency: Calcutta HC Remands Matter for Fresh Disposal [Read Order]

In a recent decision, the Calcutta High Court set aside an order passed under Section 250 of the Income Tax Act, 1961, after the National Faceless Appeal Centre (NFAC) admitted that no opportunity...