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Assessing Officer

Decades-old Assessments: ITAT denies re-adjudication for evidence lapses [Read Order]

In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ), denied re-adjudication, stating that remanding decades-old...

ITAT Reverses AO's Additions, upholds Legitimacy of Long-Term Capital Gains from Share Transactions...

Income Tax Deduction Eligibility of Cooperative Society

Curable Defect in Form 35A: ITAT Sets Aside DRP Order [Read Order]

Revisionary Jurisdiction u/s 263 Not Invocable Solely Based on PCIT's Differing View: ITAT [Read...

Extended Working Hours not a Valid Reason for Assumption of Additional Income as Commission: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) has ruled that extended working hours alone cannot be a valid basis for assuming additional income in the form of commissions where an addition made by the...

Section 80P Inserted to Encourage Growth of Co-Operative Societies: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) has recently upheld the provisions of Section 80P of the Income Tax Act, affirming its role in promoting the growth of cooperative societies. The ruling...

Purchases Supported by Bills, Entries Made in Books and Payment made by Cheque not Bogus: ITAT [Read Order]

In a significant ruling, the Income Tax Appellate Tribunal ( ITAT ) in Ahmedabad has affirmed that purchases supported by proper documentation—such as bills, recorded entries in books of accounts,...

Notice issued u/s 148A(B) of Income Tax Act against dissolved Firm Is Invalid: Gujarat HC [Read Order]

In a recent case, the Gujarat High Court held that notice issued under section 148A(b) of the Income Tax Act, 19861 against dissolved firms is not valid. Section 148A(b) of the Income Tax Act, 1961,...

ITAT rules Interest Income from Cooperative Banks Eligible for Deduction u/s 80P(2)(d) of Income Tax Act [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) ruled that interest income earned from deposits with cooperative banks is eligible for deduction under Section 80P(2)(d) of the Income Tax...

ITAT Rules VLCC Health Care Ltd.'s Revenue-Sharing Model Not Subject to TDS, Dismisses Revenue's Appeal [Read Order]

The Delhi Bench Of Income Tax Appellate Tribunal( ITAT )dismissed the Revenue's appeal against VLCC Health Care Ltd., ruling that the company's revenue-sharing model under its franchise agreement was...

ITAT Upholds Deletion of Demand for Non-Deduction of Tax on Agency Fees by Bharti Airtel Ltd [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal(ITAT) upheld the deletion of demand for non-deduction of tax on agency fees paid by Bharti Airtel Limited. The tribunal dismissed the Revenue’s appeal...

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