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Exemption Cannot Be Denied For Non Filing of Form 10B: ITAT Allows ₹1.21 Crore Relief Claim Of IAPPD [Read Order]

The Income Tax Appellate Tribunal granted relief of ₹1.21 crore,holding that exemption cannot be denied merely for alleged non-filing of Form 10B...

ITR Invalidated for Alleged ₹10 Crore Gross Receipts Without S. 44AB Audit: Karnataka HC Sets Aside...

Charitable Trust’s Income Tax Exemption Disallowed by CPC without Prior Intimation: ITAT Restores...

IGST Refund on Zero-Rated Exports Not Income: ITAT Remands Matter for Limited Verification of Refund...

Rs.28 Lakh Addition under Business Income Unwarranted: ITAT allows Appeal as CIT(A) misses Capital...

S.12A Registration Mandatory For Claiming S. 11 Exemption: ITAT Upholds ₹5.80 Crore Addition to Town Planning Authority [Read Order]

The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled a valid registration under Section 12A of the Income Tax Act, 1961 is mandatory to claim exemptions under Sections 11 and...

CPC Adjustments on Exempt Income and Disallowances Invalid: ITAT Deletes ₹5.95 Cr Additions, Citing Technical Glitches and Lack of Judicial Application [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that adjustments made by the Central Processing Centre (CPC) under Section 143(1) of the Income Tax Act, 1961, were invalid due to ...

Bonus Paid Before Due Date Despite Audit Report Error: ITAT Deletes ₹14.03 Lakh Disallowance Citing Timely Payment [Read Order]

The Jaipur Bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the disallowance of Rs. 14,03,538/- towards bonus expenditure on grounds of timely payment before the due date of filing the ...

Retrospective Amendment Inapplicable: ITAT Allows ₹2.32 Lakh Deduction for Trust’s Accumulated Fund Utilisation [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) and deleted the adjustment made by the Central Processing Centre (CPC), held that the retrospective amendment to Section 11(3) of...

ITAT Deletes Rs. 90.70 Crore Adjustment Made u/s 11(3), Holds Amendment Prospective and Utilization Within Permissible Timeframe [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT), set aside an adjustment of Rs. 90.70 crore made by the Central Processing Centre (CPC) under Section 11(3) of the Income Tax Act, 1961, by...

'I Need My ITR Refund for Surgery’: Taxpayer Shares Medical Bills with Income Tax Dept seeking urgent Refund

Using the social media site X (previously Twitter), a taxpayer made a sincere request to the Income Tax Department, requesting that his long-overdue income taxreturn be processed immediately due to...

ITR Filed 2 Seconds Late due to Glitches in Income Tax portal: ITAT directs to Treat Filed in Time [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) has upheld the validity of an income tax return filed 2 seconds late due to technical glitches and rush on the Income Tax e-filingportal...