Read all Latest Updates on and about assessee

Begin typing your search above and press return to search.

Home
»
assessee

Entitlement earned for Carbon Credits is a Capital Receipt, can't be taxed as Revenue Receipt: ITAT

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that The entitlement earned for carbon credits is a capital receipt and cannot be taxed...

Tribunal failed to issue specific directions to AO as to what has to be done after the assessee...

Contractors performing work in the nature of Developer-cum-Contractor eligible for Deduction u/s 80A...

No Addition against Individual Member If It is agreed that the Gold belongs to Whole Family: ITAT

Market Value of Property reduced due to Litigation and Defect in Title, Section 50C can’t be...

ITAT grants Fresh Opportunity to a House Wife to Produce Documents [Read Order]

The Income Tax Appellate Tribunal (ITAT), Hyderabad bench has passed a women-friendly ruling wherein the assessee, a housewife, is not so familiar to the tax proceedings, was granted a fresh...

Statement of College Authorities that Capitation Fee was paid in Cash can’t be used against Assessee: ITAT deletes Addition

The Income Tax Appellate Tribunal (ITAT), Delhi bench has recently deleted an addition against the assessee by observing that the addition cannot be made against the assessee solely on the basis of...

No Penalty for ‘Escapement of Income’ if Assessee disclosed All Material Facts Fully and Truly: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the penalty cannot be imposed if the assessee has disclosed full and true material facts for assessment. The income tax...

ITAT deletes Penalty since Assessee Voluntarily surrendered Income [Read Order]

der]The Kolkata bench of ITAT has recently held that penalty under section 271(1)(c) of the Income Tax Act, 1961 cannot be levied in the case where the assessee surrendered the income voluntarily...

ITAT imposes Rs.1000 Cost on Assessee for being Negligent in Handling Appeal [Read Order]

The Income Tax Appellate Tribunal (ITAT), Jabalpur bench has recently imposed a cost of Rs. 1000 on the assessee for being negligent in handling the appeal proceedings and failed to ensure the...

Notional Interest Income on Loan, would be assessable as Income of assessee having Business Connection/PE in India: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai held that the notional interest income on the loan (interest-free) that was advanced by the assessee to its AE in relation to Abacus Distribution...

COVID-19: Capacity adjustment in the case of Captive Service Providers – Judicial Precedents

Even as we enter the second quarter of FY 2020-21 amidst Unlock 2.0, COVID-19 continues to have an impact on businesses. But whilst businesses start to reopen and the second quarter is expected to be...

Prev Page Next Page