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

Akhaigha T Josh

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...

Orissa High Court Excuses 15-Day Delay in Filing Appeal Over Limitation Miscalculation [Read Order]

ITAT Mumbai Quashes PCIT's Order Against NTT Global Networks; Allows ₹92.32 Lakh Deduction for CSR...

Filing of Form 10-IC Prior to ITR Filing is Not Mandatory: Allahabad HC Condones delay considering...

Section 50C Income Tax Addition Not Applicable When Registered Sale Agreement Precedes Circle Rate...

‘Detailed Enquiry and Proper Application of Mind by AO While Allowing Deduction u/s 80P(2)(d)’: ITAT Quashes PCIT’s Revision Order [Read Order]

The Pune bench of the Income Tax Appellate Tribunal (ITAT) quashed the revision order passed by the Principal Commissioner of Income Tax (PCIT)-3, Pune, under Section 263 of the Income-tax Act,...

ITAT Quashes Cancellation of Trust Registration Over Jurisdictional and Procedural Lapses, Rules Specified Violation Clause u/s 12AB(4) Not Applicable Retrospectively [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the cancellation of registration under Section 12AB of the Income Tax Act, 1961 and ruled that the Principal Commissioner of...

ITAT upholds PCIT Order on Depreciation Disallowance, holds AO Ignored Rental Terms and Asset Usage Facts [Read Order]

The ITAT Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has upheld the revisionary order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income Tax...

ITAT sets aside PCIT Order on Revenue Recognition, Holds No Revenue Prejudice as Income Declared in Subsequent Years [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) set aside an order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income Tax Act, 1961. The bench...

Win for Deloitte: Madras HC Rules Firms and HUFs Cannot Be Partners in a Firm, Quashes PCIT Order Disallowing Partner Remuneration [Read Order]

In a recent decision, the Madras High Court quashed the Principal Commissioner of Income Tax’s (PCIT) order against Deloitte Haskins & Sells, ruling that only individuals and not firms or Hindu...

ITAT Quashes Revision Order: No Section 40A(3) Disallowance When Income Estimated via Gross Profit Rate [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has set aside a revision order issued under Section 263 of the Income Tax Act against the appellant, ruling that no separate disallowance under...

Relief to Tata Chemicals: ITAT Allows Deduction of ₹156 crores Interest on Loan Utilized for Overseas Investment u/s 36 (1) (iii) [Read Order]

The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has set aside an order passed by the Principal Commissioner of Income Tax (PCIT) which disallowed the interest expenditure incurred by Tata...