Read all Latest Updates on and about Assessing Officer

Begin typing your search above and press return to search.

Home
»
Assessing Officer

Disallowance of Deduction of Interest Income should be restricted to Net Interest and not Gross Interest: ITAT [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) held that disallowance of deduction under section 80IB(10) of the Income Tax Act, 1961 in...

ITAT set aside Orders for Addition by Lower Authorities on Lack of Documentary Evidence [Read Order]

Assessment without giving Notice is bad in Law: ITAT

Interest from Fixed Deposit taxable as ‘Other Income’: ITAT [Read Order]

GPA Holder not liable for Income Tax on Sale of Property: ITAT [Read Order]

ITAT upholds Addition of 12.5% for taking Bills without Delivery of Goods [Read Order]

The Income Tax Appellate Tribunal (ITAT) upheld the decision of CIT(A) where 12.5% for taking bills without delivery of goods. The assessee, Vijay B Shah (HUF) is engaged in the trading of iron and...

Order passed by AO in absence of valid search is bad in law: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) held that an order passed by Assessing Officer (AO) under Section 153A of the Income-tax Act, 1961 be held bad in law in the absence of any valid search under...

Assessee only needs to Prove the Source of Credit entries and not Source Creditors' Credit: Allahabad HC [Read Judgment]

The High Court of Allahabad held that assessee only needs to prove the source of credit entries and he is not required to prove the source of the source or the creditors' credit. The assessee, M/s...

Addition made by Dept is Invalid in view of Quashing of Penalty Proceedings: SC [Read Judgment]

The Supreme Court, on Friday, held that that the addition under section 68 of the Income Tax Act, 1961 is needed to be quashed since the appellant or assessee, in subsequent and separate penalty...

In a First, ITAT holds hearing through Video Conferencing [Read Order]

A division bench of the Income Tax Appellate Tribunal (ITAT), led by the Tribunal’s President Justice P.P. Bhatt, has, through web-based video conferencing platform, heard and disposed of an urgent...

Deduction allowable If Sum written off as Bad Debts offered to Tax Earlier: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), while allowing the benefit of deduction to the assessee on account of bad debts has held that the deduction is allowable if the sum written off as bad debts...

Preliminary Expenditure like Membership and Subscription charges are Capital in Nature: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) ruled that the payment of membership and subscription charges are preliminary expenditure which is incurred by Philips and after the setting up of business it...

Prev Page Next Page