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Assessee couldn’t file Objection due to Technical Glitch in Income Tax E-filing Portal: Delhi HC directs Fresh Hearing [Read Order]

A division bench of the Delhi High Court has directed the National Faceless Assessment Center to conduct the assessment proceedings afresh since the...

Assessee couldn’t avail Benefit of Service Tax Amnesty Scheme due to Covid-19: Delhi HC asks Govt to...

No Prohibition in NRI accepting Cash Gift from Relatives, Addition cannot be made merely stating...

TDS not Applicable to Commission for Professional Service by Non Resident: ITAT [Read Order]

Deemed Rent not applicable to Property that is ‘Stock-in-Trade’: ITAT [Read Order]

CIT(A) shall condone Delay and Dispose Appeal on Merits Unless Assessee acted in a Malafide Manner: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the Commissioner (Appeals) shall condone the delay and dispose the appeal on merits if the assessee has not acted in a malafide...

Undisclosed Sale Consideration of Property can only assessable as Capital Gain, not as 'Other Income': ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the undisclosed sale consideration of the property can be subject to tax as “capital gain”under the provisions of section 48 of...

Irrecoverable Advances given for Purchase of Land for Real Estate Development Business allowable either as Trading Loss or Business Expenditure: ITAT [Read Order]

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the advances given for purchase of land in the normal course of business of carrying on real estate development, if not...

Interim Relief to Infosys: ITAT grants Extension of Stay Order for Recovery of Income Tax Demand of Rs. 1500 Cr [Read Order]

In an interim relief to Infosys, the Income Tax Appellate Tribunal (ITAT), Bangalore bench has extended the stay order for six months in a case involving approx.. Rs. 1535 crores income tax demand. ...

Non-Appearance of Assessee during Hearing can’t be a Reason to Recall Tribunal Order: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the Tribunal cannot recall an order by invoking Rule 25 of the Appellate Tribunal Rules, 1963 merely on ground of...

Clerical Mistake in Audit Report Form 10B can be Rectified: ITAT grants Tax Exemption to Society [Read Order]

In a significant ruling, the Lucknow bench of the Income Tax Appellate Tribunal (ITAT) has held that the clerical mistakes in audit report form 10B can be rectified and the same shall not be a ground...

Source of Money cannot be doubted If Fixed Deposits are made out of Savings: ITAT grants Relief to Senior Citizen Lady [Read Order]

In a woman-friendly ruling, the Cuttack bench of the Income Tax Appellate Tribunal (ITAT) has held that the source of money cannot be doubted if the fixed deposits are made out of the savings of the...

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