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Penalty for Non-Compliance with Notice During Covid-19: ITAT Deletes It Citing Pandemic Disruptions [Read Order]

Sneha Sukumaran Mullakkal

The Agra Bench of Income Tax Appellate Tribunal(ITAT) deleted a penalty imposed for non-compliance with a notice during the Covid-19 pandemic,...

Penalty u/s 271(1)(c) for Unexplained Cash Deposits: ITAT restores matter to AO [Read Order]

ITAT Orders Verification of TDS Deposits, Grants Relief to Assessee [Read Order]

ITAT Intervenes: Orders CIT(A) to Admit Appeal, Citing 'Good and Sufficient Reasons' [Read Order]

ITAT Sets Aside CIT(A) Order, Citing Breach of Natural Justice and Violation of Section 250(6) [Read...

Cold Storage Company Gets Relief from ITAT as Tribunal Upholds Legitimacy of Interest-Free Advances to Farmers [Read Order]

In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Agra Bench, has granted relief to a cold storage company, affirming that the practice of giving interest-free advances to farmers...

ITAT quashes Penalty under Section 271(1)(c), Directs AO to reconsider Quantum Addition [Read Order]

In a significant ruling, the Income Tax Appellate Tribunal ( ITAT ) Agra Bench has set aside the penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961, and directed the Assessing...

Disallowance of Interest Expenses: ITAT remands Matter for Fresh Adjudication [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) the matter of disallowance of interest expenses back to the Jurisdictional Assessing Officer for fresh adjudication. Upendra Chinubhai...

Purchases Supported by Bills, Entries Made in Books and Payment made by Cheque not Bogus: ITAT [Read Order]

In a significant ruling, the Income Tax Appellate Tribunal ( ITAT ) in Ahmedabad has affirmed that purchases supported by proper documentation—such as bills, recorded entries in books of accounts,...

Onus on AO to Prove unreasonableness in Expenditure when invoking Section 40A(2)(b) of Income Tax Act: ITAT [Read Order]

The Ahmedabad Bench of the Income Tax Act, 1961 that for invoking Section 40A(2)(b)of the Income Tax Act, onus to prove the unreasonableness is on the Assessing Officer only. The assessee is a...

Prima Facie Belief and Tangible Material required u/s 147/148 for Income Escaping Assessment: ITAT restores CIT (A) for Re-Adjudication [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has restored the Commissioner of Income Tax (Appeals) (CIT(A)'s decision for re-adjudication, emphasizing that a prima-facie...

Assessment Proceedings should be conducted u/s 153C instead of Section 147 when material is found on Third-Party Premises: ITAT [Read Order]

In a recent judgement, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has ruled that, based on material found at a third person's premises, assessment proceedings should be conducted...