![Tax Effect below Threshold Limit: ITAT dismisses Revenues Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Tax-Effect-Below-Threshold-Limit-ITAT-ITAT-Dismisses-ITAT-Dismisses-Revenues-Appeal-Threshold-Limit-CBDT-Kolkata-Bench-of-ITAT-Income-tax-revenue-appellant-Taxscan.jpg "Tax Effect below Threshold Limit: ITAT dismisses Revenues Appeal [Read Order]")
Tax Effect below Threshold Limit: ITAT dismisses Revenue's Appeal [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the revenue's appeal against the order of the Commissioner of Income Tax...
![Lack of Approval u/s 153D in Second-Round Assessment: ITAT Upholds CIT(A)Â Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Delhi-Income-tax-Income-Tax-News-Section-153D-Taxscan.jpg "Lack of Approval u/s 153D in Second-Round Assessment: ITAT Upholds CIT(A)Â Order [Read Order]")
CBDT sets New Monetary Limits for Waiving or Reducing Interest on Pending Dues u/s 220(2) of Income Tax [Read Notification]
The Central Board of Direct Taxes ( CBDT ) has issued Circular No. 15/2024, dated November 4, 2024, outlining updated guidelines that establish specific monetary thresholds and eligibility criteria...
![CBDT sets New Monetary Limits for Waiving or Reducing Interest on Pending Dues u/s 220(2) of Income Tax [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-CBDT-Central-Board-of-Direct-Taxes-Monetary-Limits-TAXSCAN.jpg "CBDT sets New Monetary Limits for Waiving or Reducing Interest on Pending Dues u/s 220(2) of Income Tax [Read Notification]")
ITAT upholds CIT(A)'s Deletion of Additions u/s 68, Citing Sufficient Cash Balance and Lack of Evidence for Accommodation Entries [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals)[CIT(A)]'s decision to delete additions made under Section 68 of the Income Tax Act,1961 for...
![ITAT upholds CIT(A)s Deletion of Additions u/s 68, Citing Sufficient Cash Balance and Lack of Evidence for Accommodation Entries [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Kolkata-Citing-Sufficient-Cash-Balance-Sufficient-Cash-Balance-Cash-Balance-Lack-of-Evidence-Accommodation-Entries-TAXSCAN.jpg "ITAT upholds CIT(A)s Deletion of Additions u/s 68, Citing Sufficient Cash Balance and Lack of Evidence for Accommodation Entries [Read Order]")
XBRL filing Difficulties and Technical Glitches on MCA Portal: ICSI requests MCA to Extend Filing Deadline of various Annual Forms
The Institute of Company Secretaries of India ( ICSI ) has formally requested the Ministry of Corporate Affairs ( MCA ) to extend the filing deadline for several annual compliance forms, including...
![CA’s Office on Fire: Bombay HC Condones 2-Day Delay in Income Tax Return Filing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Bombay-HC-Bombay-High-Court-Condones-2-Day-Delay-Income-Tax-Return-Income-Tax-Return-Filing-Chartered-Accountant-CA-CAs-Office-on-Fire-taxscan.jpg "CA’s Office on Fire: Bombay HC Condones 2-Day Delay in Income Tax Return Filing [Read Order]")
ITAT invalidates Deemed Gift Addition u/s 56(2)(vii)(b)(ii) based on Allotment Letter Validity [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) invalidated the deemed gift addition made under Section 56(2)(vii)(b)(ii) of the Income Tax Act,1961, emphasizing that an allotment letter...
![ITAT invalidates Deemed Gift Addition u/s 56(2)(vii)(b)(ii) based on Allotment Letter Validity [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-ITAT-Kolkata-Income-Tax-Act-1961-TAXSCAN.jpg "ITAT invalidates Deemed Gift Addition u/s 56(2)(vii)(b)(ii) based on Allotment Letter Validity [Read Order]")
