Read all Latest Updates on and about Assessing Officer

Begin typing your search above and press return to search.

Home
»
Assessing Officer

Section 56(2)(vii)(c)(ii) Not Applicable to Public Ltd Company for Share Allotment in Amalgamation: ITAT [Read Order]

The Rajkot bench of the Income Tax Appellate Tribunal (ITAT) has held that the provisions of Section 56(2)(vii)(c)(ii) of the Income Tax Act, 1961,...

AO Erred in Assessing Trust's ₹ 3.30 Crore Interest-Free Loan & Interest Income: ITAT Orders Fresh...

Taxpayer Unable to Collect Notice: ITAT Condones 340 Days Delay, Remands S.69A Matter [Read Order]

Disallowance of TDS Credit Due to Non-Inclusion of Income: ITAT Sets Aside Matter to AO for...

Failure to File Return and Pay Tax: ITAT Remands Case to CIT(A) [Read Order]

Setback to AAI: ITAT Directs Recalculation of Exempt Income Disallowance u/r 8D at 1%, Rejecting Sufficient Interest-Free Funds Claim [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) directed the recalculation of exempt income disallowance under Rule 8D at 1%, rejecting the Airport Authority of India (AAI)’s claim of...

Relief for Air India: ITAT directs Use of Average Value u/r 8D for Accurate Investment Calculation, Replacing AO's Market Value Approach [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) granted relief for Air India by directing the Assessing Officer (AO) to use the Average Value of Investment to recalculate disallowance under...

Penalty for Concealment of Income Related to Quantum Additions: ITAT Restores Matter to CIT(A) [Read Order]

The Agra Bench of Income Tax Appellate Tribunal(ITAT) restored the penalty for concealment of income related to quantum additions to the Commissioner of Income Tax (Appeals) [CIT(A)] for fresh...

ITAT Upholds ₹168.61 Crore TDS Credit Due to Form 26AS Discrepancy, Directs AO to Verify Income [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]’s decision allowing Tax Deducted at Source(TDS) credit of ₹168.61 crore, noting...

ITAT Quashes Penalty for Under-Reporting: Holds Assessee's Actions Bona Fide [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Bengaluru Bench, has quashed the penalty levied on assessee for under-reporting income, marking a significant decision in favor of...

Chhagan Bhujbal's Agricultural Income under Scanner: ITAT directs AO to Verify Sales Records [Read Order]

Chhagan Bhujbal, a prominent politician from Maharashtra and a member of the 15th Legislative Assembly, is facing scrutiny over the agricultural income declared in his tax returns for the assessment...

Addition of Rs. 21,42,857 u/s 56(2)(vii)(b)(ii): ITAT Allows Appeal for Failure to Refer Valuation to DVO [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT)allowed the appeal filed by the assessee, holding that the addition of Rs. 21,42,857 under Section 56(2)(vii)(b)(ii) of Income Tax Act,1961...

Prev Page Next Page