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Aby T. Varkey

Disallowance under Section 14A, cannot Exceed Exempt Income while Computing Income under Normal Provisions and Book Profit u/s 115JB of Income Tax Act: ITAT [Read Order]

Fathima Karama A.M

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the disallowance under Section 14A of the Income Tax Act 1961, could not...

Non-Attendance of Summons cannot be Sole reason for Disallowance u/s 69C of the Income Tax Act when...

Failure to Explain Genuineness of Cash Payment for Purchase of Property by Firm: ITAT uphold Income...

No Disallowance of Business Expenses for Service Charges Collected from Tenant under the Head...

ITAT upholds Addition based on Seized Scribbling on Rough notes Found during Search Proceedings...

ITAT dismisses Ex Parte Order passed without giving Proper Opportunity to hearing during Covid Pandemic [Read Order]

The Cochin Bench of the Income Tax Appellate Tribunal (ITAT) has rejected the order passed in absentia/ ex-parte, which did not provide the assessee an opportunity for a hearing during the COVID-19...

Failure to furnish Audit Report of Accounts Audited by Cooperative Department Auditor within specified date u/s 44AB of the Income Tax Act: ITAT Upholds Penalty

The Cochin Bench of Income Tax Appellate Tribunal (ITAT) has held that the Co-operative department auditor failed to furnish audit report of account within the specified date under section 44AB...

Non- compliance to Notice cannot be a Reason to Disallow Retention of Income to Charitable Organisation : ITAT Orders Readjudication of Exparte Order [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that non- compliance to the notice by the assessee cannot be a reason to disallow 15 % retention of income to charitable organization...

CBS Fee is Not Proved as Revenue in Nature: ITAT Upholds Revision Order Against SBI [Read Order]

In a setback to the State Bank of India (SBI), the Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that since the fee paid for core banking solution (CBS) was not proved as revenue in...

Assessment Passed Against Deceased Person Even After Knowledge of Death is Bad in Law: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the assessment order passed by the Assessing Officer even after knowing about the death of the assessee is bad in law. The...

Bogus Capital Gain,No adverse inference could be drawn against Assessee based on Misuse of Share Market by some persons: ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that adverse inference can’t be drawn against the assessee based on misuse of the share market to bogus capital gain by some...

‘Cost Recharge’ Not Taxable as FTS under Indo-UK Treaty: ITAT [Read Order]

The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that cost charges are not taxable as Fee for technical service under Indo –UK Treaty. Assessee was a company registered...

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