Read all Latest Updates on and about assessee

Begin typing your search above and press return to search.

Home
»
assessee

Hostel Fee Income is 'Income from Charitable Activities', not Business Income: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the hostel fee income received by a charitable Trust imparting education amount to...

Voluntary Transfer Pricing adjustment eligible for Income Tax Deduction u/s 10AA: ITAT grants Relief...

Professional Fee received in Cash Deposited to bank Account cannot be suspected: ITAT [Read Order]

Non-Appearance before CIT (A) can be excused since Assessee is Senior Citizen and Computer...

Assessee can Challenge the Inclusion of Comparable even If it Clears the Filters: Delhi HC [Read...

Appeal filed by Non-Resident Company shall be Signed and Verified by PoA Holder Authorized to Verify Return: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that when a non-resident company files an appeal before the Tribunal, the appeal memo shall be signed and verified by the same person who...

Non-Recording of Satisfaction Note and Absence of Nexus between Reassessment, ITAT erred in remitting issues on Merit: Delhi HC [Read Judgment]

The High Court of Delhi held that the impugned order passed by the ITAT suffers from perversity in so far as it refused to allow the assessee to urge the grounds by way of an oral application under...

Revisional Assessment is invalid If not passed within Two Years of Original Assessment: ITAT grants Relief to Jindal Steel [Read Order]

In a Relief to Jindal Steel and Power, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has quashed a revisional assessment passed under section 263 of the Income Tax Act, 1961, for the...

Bonus allocated to Policyholders is not Taxable as Income from Insurance Company: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), while granting relief to Max New York Life Insurance Company Ltd, held that the addition made by the income tax department treating bonus allocated to the...

Appeal cannot be disposed Ex-parte without discussing Merits of the Case: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the Commissioner of Income Tax (Appeals) shall discuss the merits of the case while passing an ex-parte order. ...

Assessee can’t be denied benefit of 50% Deduction merely because Assessee’s son name is also there in Purchase Document: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) held that the assessee can not be denied the 50% of deduction under Section 54 of the Income Tax Act, 1961 merely because the name of assessee’s son is also...

Income for Letting out of Mall should be Taxed as Business Income of Builder: Karnataka HC [Read Judgment]

The High Court of Karnataka upheld the decision of the tribunal and held that income received from Forum Mall should be considered as “Income from business” and not “Income from house property”,...

Prev Page Next Page