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Employees Contribution to PF/ESI Deposited after Due Date is not Allowable as Deduction u/s 36(1)(va) of Income Tax Act: ITAT [Read Order]

Sunayana Dhal

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that Employees contribution to PF/ESI deposited after due date under the Income Tax...

ITAT Directs AO to delete Addition made u/s 68 of Income Tax Act based on Mere Suspicion [Read...

Valuation of Disputed Property for Stamp Value: ITAT Directs AO to Refer DVO [Read Order]

ITAT Rules TRC as Sole Evidence for DTAA Benefits, Deletes Tax Liability on Mauritius Company [Read...

Cash Deposit made in Savings Bank account is Sale Consideration earned from Agricultural Land: ITAT...

Assessment Order Passed without Proper Examination of Residential Status: ITAT Directs Re-Adjudication [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has directed adjudication as the assessment order was passed without proper examination of residential status. The assessee, Ajay Jain was...

Addition made by AO without Understanding whole Contractual Obligations made by parties: ITAT Deletes Addition [Read Order]

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition made by the assessing officer without understanding the whole contractual obligations made by the parties. ...

Complete Case Digest on Income from other Sources

The income from other sources is considered one among the five heads of income subject to taxation under the Income Tax Act, 1961. Any income which doesn’t fall under the other four heads of the...

Income from other Sources - income - Case digest - case - digest

AO Fails to Appreciate Nature of Business Activity of INX News: ITAT allows Business Loss Claim [Read Order]

The New Delhi bench of the Income Tax Appellate Tribunal ( ITAT) allowed the claim of Business loss in which the assessing officer (AO) failed to appreciate the nature of the business activity of the...

AO cannot take the position of Businessman to Replace his Strategy Irrationally: ITAT deletes Additions [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition made by the Assessing Officer without any justification or appealing basis in light of the Principal Tax Jurisprudence...

PCIT wrongly invokes Revisionary Powers u/s 263 of IT Act on order issued by AO with Sufficient Enquiry: ITAT revives Assessment Order [Read Order]

The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) recently revived the assessment order and held that it was not justified for the PCIT to invoke the revisionary powers under Section...

ITAT quashes Assessment Notice not issued by Jurisdictional AO [Read Order]

The New Delhi Bench of the Income Tax Appellate Tribunal (ITAT), quashed assessment notice on the ground that it was not issued by the jurisdictional Assessing Officer (AO). The assessee, Ballu...

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