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Assessing Officer

Addition Based on Suspicion of Fictitious Profit via Client Code Modification Facility in F&O Segment Without Investigation Not Sustainable: ITAT [Read Order]

Thahani Fathima T V

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) in its recent ruling held that the addition made by the Assessing Officer(AO) on...

Project Completion Method Upheld: ITAT Deletes ₹3.56 Crore Addition for Real Estate Developer [Read...

Reassessment After 4 Years With Same Set of Facts Which Already Available During Original Assessment...

BroadBand and Bandwidth Charges Not a Royalty: ITAT Dismisses TDS claim of Revenue [Read Order]

Conditions For Donees U/s 80G Satisfied: ITAT Allows Deduction of CSR Donations [Read Order]

In Absence of Concrete Material Revision u/s 263 of Income Tax Act Not Possible on Assessment Based on DVO's Valuation: Kerala HC [Read Order]

The Kerala High Court ruled that, in the absence of tangible evidence, an assessment based on the Department Valuation Officer's (DVO) valuation cannot be changed under Section 263 of the Income Tax...

ITAT Deletes ₹52.91 Lakh Unexplained Investment Addition on Land Purchase Due to Unreliable Draft MOU Evidence [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition of Rs. 52,91,053 made by the Assessing Officer ( AO ) as unexplained investment under Section 69 and ruled that...

Relief for Aditya Birla: ITAT Rules Disallowance u/s 40(a) Cannot Be Retaxed if Provision Reversed in Subsequent Year [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) ruled that disallowance under Section 40(a) for earlier years cannot be added back again when the entire provision has been reversed in a...

₹90 Lakh Received for Transferring Rights in Land without Registered Title Taxable as Income from Other Sources: ITAT [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that ₹90,00,000 received by the assessee for transferring rights over a land without a registered title deed is taxable as...

Relief for UCIL: ITAT Finds No Penalty Warranted u/s 270A for Missed CSR Disallowance Due to Accountant’s Error [Read Order]

The Ranchi Bench of Income Tax Appellate Tribunal ( ITAT ) finds no penalty warranted under Section 270A of the Income Tax Act,1961, for missed Corporate Social Responsibility (CSR) disallowance...

ITAT Grants School Principal Fresh Hearing in 3.65 Crore Tax Case, Cites Procedural Lapses [Read Order]

The Income Tax Appellate Tribunal (ITAT), Nagpur Bench, has set aside an appeal order and directed a fresh hearing for a school principal accused of failing to disclose cash deposits worth ₹3.65...

Assessee's Failure to Submit Evidence Leads ITAT to Remand Case for Fresh Hearing [Read Order]

The Income Tax Appellate Tribunal (ITAT) Nagpur Bench has remanded the case of the appellant back to the Commissioner of Income Tax (Appeals) for a fresh hearing, after the assessee repeatedly...

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