Read all Latest Updates on and about Section 250 of the Income-tax Act

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Section 250 of the...

Denial of Hearing: ITAT directs Fresh Adjudication of Addition at 8% of the Gross Profit [Read Order]

Saagarika Gopinath

The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) directed Fresh Adjudication of Addition at 8% of the Gross Profit due to denial of...

ITAT sets aside Ex-Parte Order after Technical Glitches led to Non-Compliance [Read Order]

775 Days Delay in filing Income Tax Appeal Due to Covid 19 Restrictions: ITAT Directs CIT(A) to...

Madras High Court - NFAC - National Faceless Appeal Centre - NFAC video conferencing issue Madras HC - Taxscan

NFAC Fails to Provide Video Conferencing Personal Hearing, Violating Principles of Natural Justice:...

Fraud Allegations Lead to ₹6.61 Crore Addition as Undisclosed Income: ITAT Orders Reassessment with...

ITAT Restores Appeal to CIT(A) for De Novo Adjudication, Upholding Timely Filing of the Appeal [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) restored the appeal filed by the assessee to the Commissioner of Income Tax (Appeals) [CIT(A)] for de novo adjudication, upholding that...

S.68 Applicable When Credit Received in Relevant Year, not for Earlier Years: ITAT [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that section 68 of the Income Tax Act,1961 applies only to credits received in the relevant year and not to those from earlier years....

ITAT Condones 186-Day Delay and Remands Case to AO for Fresh Examination Due to Ex-Parte Assessment and Inadequate Representation [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) condoned a 186-day delay in filing the appeal and remanded the case to the Assessing Officer (AO) for fresh examination due to an ex-parte...

ITAT Directs Restoration of Income Tax Appeal to Review Payment of Admitted Tax Amount [Read Order]

In a recent case before Income Tax Appellate Tribunal, Bangalore ( ITAT ) the tribunal had directed Commissioner of Income-tax (Appeals), ( CITA ) to restore and review the Income Tax Appeal filed by...

Rent Income from Profit and Gains of Leasing Company Assessable as ‘Income from Profits and Gains of Business’: Bombay High Court [Read Order]

In a recent decision, the Bombay High Court maintained that Rent Income from the profit and gains of a leasing company derived through the lease of its owned properties can be assessed as ‘income...

Non-mentioning of Specific Limb in Income Tax Notice and Assessment Order by AO: ITAT deletes Penalty u/s 271(1)(c) [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) in a recent decision reaffirmed the need for ensuring clarity and avoiding all sorts of procedural ambiguity while issuing Notices and...

Disallowance under Income Tax Act cannot be based on Presumptions of Earning Dividend Income in future: ITAT [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that disallowance under Income Tax Act, 1961 cannot be based on presumptions of earning dividend income in future. It was found...