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Section 144 of Income...

Addition of Rs. 1,17,538/- u/s 68 for Penny Stock Transactions: ITAT Deletes Addition as Assessee Incurred Short-Term Capital Loss, Not LTCG [Read Order]

Sneha Sukumaran Mullakkal

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs. 1,17,538/- under Section 68 of Income Tax Act,1961,for...

Agricultural Receipts Treated as Unexplained Income u/s 68: ITAT Grants Opportunity to Substantiate...

Income Tax Assessment against Company Dissolved and Struck Off u/s 560(5) of Companies Act Held...

Ex-Parte Order Passed without Adjudicating Issue On Merits: ITAT Remits Rs. 3 Cr Sales and Purchases...

ITAT bars CIT(A) from Remand Without First Deciding Jurisdiction in Time-Barred Reassessment Case...

ITAT Dismisses Revenue’s Appeals against Civil Contractor as Tax Effect Below ₹60 Lakhs, Grounds Termed “Cryptic and Nebulous” [Read Order]

The Nagpur Bench of the Income Tax Appellate Tribunal (ITAT) recently dismissed two appeals filed by the Income Tax Officer against the assessee Janardan Shyam Bihari Singh, a civil contractor, for...

ITAT Rules in Favor of NGO, Cites Principles of Natural Justice in Ex Parte Case [Read Order]

The Income Tax Appellate Tribunal (ITAT) Ranchi Bench has ruled in favor of appellant, setting aside an ex parte assessment order and subsequent appellate decision that had confirmed tax additions...

Ex-Parte Orders Passed without Fair Opportunity: ITAT sets aside CIT(A) Order

The Lucknow Bench of Income Tax Appellate Tribunal(ITAT) set aside the ex-parte order passed by the Commissioner of Income Tax (Appeals) [CIT(A)] after finding that the assessee was not given a fair...

ITAT Weekly Round-Up [Feb 22nd-Feb 28th,2025]

This weekly round-up analytically summarises the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan during the previous week from February 22nd to February 28th 2025 ...

Failure of CA and Advocate not Attributable to Delay of 2655 Days in Appeal Filing: ITAT holds Assessee Negligent [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) recently dismissed an appeal filed with a delay of 2655 days, maintaining that the onus for ensuring timely filing of appeal does not lie...

ITAT Sets Aside CIT(A) Order for Non-Consideration of Merits and Non-Exemption of Advance Tax Payment [Read Order]

In a significant ruling, the Income Tax Appellate Tribunal (ITAT) Kolkata Bench has set aside the order of the Commissioner of Income Tax (Appeals)-NFAC, Delhi, for failing to consider the merits of...

ITAT Quashes CIT(A) Order for Not Considering Assessee's Submissions, Directs AO to Re-Examine Case [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ), Surat Bench, quashed the order passed by the Commissioner of Income Tax (Appeals) [CIT(A)] and directed the Assessing Officer (AO) to...