Read all Latest Updates on and about R.K.Panda

Top

Begin typing your search above and press return to search.

Home
»
R.K.Panda

ITAT Upholds Overseas R&D Expenses as Capital Expenditure, Citing Consistency with Prior Years [Read Order]

Sneha Sukumaran Mullakkal

The Pune Bench of Income Tax Appellate Tribunal(ITAT) upheld the deduction of overseas Research and Development (R&D) expenses as capital...

Reassessment Invalid without Fresh Notice when No Addition made on Reopened Issue: ITAT [Read Order]

Half Yearly Income Tax Digest: ITAT Rulings 2024 [Part III]

ITAT Imposes Penalty on Assessee for Violating Section 269SS with Cash Transactions Exceeding...

Non-Compliance of Statutory Notices due to Unavoidable Circumstances: ITAT Imposes Cost of Rs....

Rules framed by Board are Statutory in Nature: ITAT notes no violation of Rule 46A of Income Tax Rules [Read Order]

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT), noted that there is no violation of Rule 46A of Income Tax Rules and observed that rules framed by the Board are statutory in nature. ...

Proceedings u/s 153 can't Invalidate without examining incriminating material found in Search: ITAT [Read Order]

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) ruled that proceedings under section 153 can’t be invalidated without examining incriminating material found in the search. The...

Ex-parte order without properly serving the hearing notice: ITAT restores matter to CIT [Read Order]

Income Tax Appellate Authority (ITAT), Hyderabad restores matter to Commissioner of Income Tax (CIT) as ex-parte order was passed without properly serving the hearing notice. The assessee,...

No Addition can be made on Mere Non Disclosure of Mode of Payment of Salary to Security Guards: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that disallowance can not be made on pretext of Non Deduction of TDS for mere Non-Disclosure of Mode of payment of salary to security...

Reassessment on basis of Wrong, Incorrect & Non-Existing reasons is Illegal and Bad in Law: ITAT

The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the Reassessment on the basis of wrong, incorrect and non-existing reasons is illegal and bad in law. The assessee, M/s VSR...

Relief to Allahabad Bank: ITAT deletes Penalty for TDS Default [Read Order]

The Income Tax Appellate Tribunal (ITAT), New Delhi Bench has deleted the Penalty against Allahabad Bank for TDS default. The assessee, Allahabad Bank explained before the CIT (Appeals) that for...

Penalty shall not be levied merely on Technical Reasons: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi Bench deleted the penalty on account of alleged concealment of Income. The notices under section 153A of the Income Tax Act, 1961 were issued along...