Read all Latest Updates on and about Assessing Officer

Begin typing your search above and press return to search.

Home
»
Assessing Officer

Disallowance u/s 37 of Income Tax Act: ITAT Allows Opportunity to Prove Genuineness of Payment [Read Order]

In a recent case, the Income Tax Appellate Tribunal, Bangalore ( ITAT ) has directed the Commissioner of Income-tax (Appeals), CIT(A) to restore and...

ITAT Rejects ₹14 Crore Protective Income Tax Addition Against Lalit Modi [Read Order]

VAT Penalties cannot be allowed as Income Tax Deduction u/s 37: ITAT [Read Order]

ITAT Remands Case to CIT(A) for Fair Hearing in ₹49.5 Lakh Addition Due to Denial of Natural Justice...

ITAT Grants Partial Relief on Rs.35.13 Lakh Cash Deposit, Remands Vehicle Sale Issue to AO Due to...

Non-Appearance Due to Health Issues: ITAT Remands Business Income Estimation Matter for Reconsideration [Read Order]

The Visakhapatnam Bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the matter of business income estimation for reconsideration citing the assessee’s failure to appear before the...

Capital Subsidy should be reduced for Computation of Book Profit u/s 115JB of Income Tax Act: ITAT [Read Order]

The Nagpur Bench of the Income Tax Appellate Tribunal ( ITAT ) held that capital subsidy should be reduced for computation of book profit under Section 115JB of the Income Tax Act,1961. In this...

ITAT Rules in Favor of Assessee, Strikes Down Taxation of Loan in Incorrect Assessment Year [Read Order]

The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) ruled in favor of the assessee, and struck down the taxation of a loan in the incorrect assessment year (AY) 2018-2019. Dhanaraja Babu...

ITAT upholds Reopening of Assessment u/s 147, Citing Sufficient Reasons and Compliance with Limitation [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upholds reopening of the assessment under Section 147 of Income Tax Act,1961, citing sufficient reasons for the reopening and compliance...

AO Overlaps Unexplained Income with Declared Turnover: ITAT deletes Incorrect Addition and Lowers Income Estimation Rate to 4% [Read Order]

The Visakhapatnam bench of the Income Tax Appellate Tribunal ( ITAT ) deleted an incorrect addition made by the assessing officer who mistakenly added declared turnover as unexplained income. The...

₹46 Lakh Ex-Parte Income Tax Addition after Assessment u/s 144 & 147 w/o Opportunity to adduce Evidence: ITAT Remits matter [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) recently set aside the addition of Rs.46,58,891/- made to an Income Tax Assessment passed under Sections 144 and 147 of the Income Tax...

Investors Proven Genuine: ITAT quashes Additions u/s 68 and Revision Order [Read Order]

In a recent ruling, the Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) quashed additions under section 68 of the Income Tax Act, 1961, and the revisionary order passed by the Principal...

Prev Page Next Page