Read all Latest Updates on and about Accountant Member S.Rifaur Rahman

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FTS Classification in Management and Administrative Services: ITAT deletes ALP Adjustment Due to Lack of Technology Transfer [Read Order]

Sneha Sukumaran Mullakkal

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the Arm's Length Price ( ALP ) adjustment made in respect of payments for AP...

Timely Application for Final Approval u/s 80G: ITAT Quashes CIT(E)’s Rejection [Read Order]

Late Filing of Form 10B for Exemption Claim u/s 11: ITAT Allows Claim Based on Submission Before...

Assessee filed Form 10CCB before Completion of the 143(1) proceedings: ITAT allows Assessee’s Appeal...

Disallowance of ₹3.07 Crores for Contingent Liabilities: ITAT Quashes as Expenses Not Claimed in P&L...

Revision Proceedings u/s 263 Not Maintainable After Assessment Order Declared Non Est: ITAT [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ),ruled that revision proceedings under Section 263 of the Income Tax Act,1961 are not maintainable after an assessment order is declared non...

Notices for Appeal Sent to Incorrect Email-ID: ITAT Restores Matter to CIT(A) [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) restored the appeal to the Commissioner of Income Tax ( Appeals ) [CIT(A)] after finding that the notices for the appeal had been sent to an...

Income from Wife's Investment Not taxable at hands of Husband: ITAT deletes Rs. 12 lakh protective addition [Read Order]

In a recent ruling, the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) held that the income from the wife's investment is not taxable at the hands of the husband and deleted the Rs. 12...

'An Omnibus Notice suffers from vice of vagueness’: ITAT invalidates Ambiguous Penalty Notice u/s 271(1)(c) of Income Tax [Read Order]

In a recent ruling, the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) invalidated an ambiguous penalty notice under Section 271(1)(c) of the Income Tax Act,1961. In this case, the...

Dismissal of Appeal by CIT(A) even after submitting sufficient reasons: ITAT Condones Delay and Restores Matter to CIT(A) [Read order]

The Delhi Income Tax Appellate Tribunal ( ITAT ) Condoned the delay and restored the Matter to Commissioner of Income Tax (Appeals) [CIT(A)] as sufficient reasons were submitted by AVA Resources...

AO made S.69 Income Tax Addition based on Mere Suspicion: ITAT deletes Rs.2.25 Crore Addition [Read Order]

Recently, the Income Tax Appellate Tribunal ( ITAT ) recently set aside an addition of Rs. 2.25 crore made by the Assessing Officer ( AO ) against one assessee/appellant, Tirupati Jewels, New Delhi,...

ITAT upholds CIT(A) Deletion of Rs.6.43 Cr Addition, Rules Loan from Wholly Owned Subsidiary Not Deemed Dividend [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]'s deletion of a Rs.6.43 crore addition, ruling that the loan received from a wholly...