Read all Latest Updates on and about Accountant Member Pradip Kumar Kedia

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ITAT Quashes Tax Additions due to Lack of Incriminating Evidence [Read Order]

Adwaid M S

The Income Tax Appellate Tribunal ( ITAT ) Delhi Bench ruled in favor of the appellant by deleting the tax additions made under Section 153A of the...

Non-Compliance of Section 153C Income Tax: ITAT quashes Issuance of Scrutiny Notice [Read Order]

CBDT Circular Strikes again: ITAT dismisses Revenue's Appeal due to Tax Effect Threshold [Read...

ITAT - ITAT Delhi - De Novo Consideration - Income Tax Appellate Tribunal - Rejection of Societys Registration - taxscan

Rejection of Society's Registration by CIT(E) without considering Replies: ITAT Remands for De Novo...

ITAT Reduces Income Assessment to 0.3% of Credits, Considering similar Assessment in Subsequent Year...

ITAT Allows Withdrawal of Duplicate Appeal due to Duplication of Appeal Numbers for AY 2020-21 [Read Order]

In a recent ruling, the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the duplicate income tax appeal filed as it was infructuous. The assessee in this case is AIX Connect...

ITAT deletes Addition on Alleged Bogus LTCG due to Procedural Lapses and Denial of Cross-Examination Rights [Read Order]

In a recent ruling, the Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the additions related to alleged bogus Long-Term Capital Gains (LTCG) due to procedural lapses and...

Jewellery collection of married life of 25 to 30 years not treated as abnormal for levying tax: ITAT deletes addition [Read Order]

The two member bench of Delhi Income Tax Appellate Tribunal ( ITAT ) comprising Yogesh Kumar Us (Judicial Member) and Pradip Kumar Kedia. (Accountant Member) while deleting the addition made by the...

ITAT deletes Adjustment on Account of Arm's Length Pricing of Export Commission Payment against Honda Subsidy [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the adjustment regarding the arm's length pricing of export commission payment against Honda subsidy. The assessee was a...

ITAT allows Depreciation claim u/s 80IC for Building, Factory, Furniture and Plant Machinery Blocks [Read Order]

The Income Tax Appellate Tribunal ( ITAT ) of Delhi, allowed depreciation claim under Section 80IC of Income Tax Act, 1961, for building, furniture, and plant machinery blocks. The assessee is a...

Property Sale Consideration not grounds for inaccurate Income Particulars: ITAT deletes Penalty u/s 271 (1) (c) of Income Tax Act [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty under Section 271(1)(c) of the Income Tax Act, stating that property sale consideration should not be grounds for...

Capital Gain Account Scheme towards Cost of Improvement of Residential Property Acquired is Eligible for Deduction u/s 54F of Income Tax Act: ITAT [Read Order]

In a significant ruling the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that the capital gain account scheme towards cost of improvement of residential property acquired was...