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Failure to consider Objections of Assessee: Calcutta HC quashes Revision Order [Read Order]

While quashing an order for revision under section 263 of the Income Tax Act, 1961, ground of failure to consider the objections raised by the...

Land Acquisition Office not liable to pay TDS on Payment of Interest to Land Owners on Enhanced...

Disputes concerning Exemption Claim and Rate of Duty are Different: Supreme Court upholds...

Violation of Natural Justice Principles by GST Department: Calcutta HC Quashes Detention Order [Read...

There is No Presumption in Law that Everyone Knows the Law: Illiterate & People who Rarely coming in...

Income from Online Database of Text Journals and Books not 'Royalty' as per Indo-US DTAA: ITAT [Read Order]

The Delhi bench has held that the income from an online database of text journals and books would not constitute royalty income under the provisions of the Double Taxation Avoidance Agreement (DTAA)...

Assessing Officer cannot make Disallowance on Hypothesis basis: ITAT [Read Order]

The ITAT Delhi bench has held that the Assessing Officer cannot make disallowance merely on hypothesis basis without any reasonable ground. The assessee is engaged in providing plants and...

Delay due to Medical Condition is a Reasonable Cause: ITAT Condones Delay of 268 Days by 71 Year Old Assessee [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai bench, while granting relief to a 71 year oldassessee, has held that the delay due to medical condition is a reasonable cause for the non filing...

Income Tax Practitioner misled Assessee in making False Refund: ITAT deletes Penalty against Assessee [Read Order]

The Income Tax Appellate Tribunal (ITAT) Chennai bench has deleted penalty under section 271(1)(c) of the Income Tax Act, 1961 against the assessee by holding that assessee cannot be penalized for...

Amendment to Sections 36(1)(va) and 43B under Finance Act, 2021 has no Retrospective Effect: ITAT deletes Addition [Read Order]

The ITAT, Delhi bench, relying on a catena of decisions, has observed that amendment to Section 36 (1)(va) and Section 43B effected by Finance Act 2021 is having prospective effect, cannot be applied...

Addition u/s 153C should be based on Incriminating Materials found during Search: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi bench has deleted an addition under section 153C of the Income Tax Act, 1961 on the ground that the addition was not on the basis of incriminating...

Amount collected towards Corpus Fund cannot be treated as Perquisites in the Hands of the Company: ITAT deletes Addition [Read Order]

A two-Member bench of the Income Tax Appellate Tribunal (ITAT), Bangalore has held that the amount collected towards corpus fund cannot be treated as perquisites under section 28 of the Income Tax...

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