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Chandigarh Bench

Addition of Rental Income under "Income from Other Sources" Invalid as already declared under "Income from House Property": ITAT Strikes Down Double Taxation [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench has invalidated the addition of rental income under the head "Income from Other Sources"...

SIDBI can't take Possession of Corporate Debtor's Assets Which are not Subject Matter of Litigation...

No Gratuity Payable When Corporate Debtor does not Create a Gratuity Fund: NCLT [Read Order]

Revisionary Powers u/s 263 can be Invoked on Account of Lack of Enquiry by AO: ITAT [Read Order]

AO fails to provide Opportunity for Cross-Examination of Witness: ITAT deletes Addition on account...

Registered Society's Revenue belonging to Consolidated Fund of Govt, Eligible for 10(23C) (iiiab) Exemption: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench, has recently, in an appeal filed before it, held that registered society’s revenue which belongs to the consolidated fund of Govt., is...

Cash Payment of Bonus to Employees: ITAT deletes Income Tax Penalty [Read Order]

The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) comprising Judicial Member Diva Singh held in favour of the assessee and set aside the order quashing the penalty imposed. ...

Income Tax Authorities are Govt Servants Expected to be Live and Alert to Citizen: ITAT slams Action of Officers Causing Harassment and Harm to Administration [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench has recently held that It needs to be kept in mind that the Tax Authorities are acting as servants of the Government of India. Hence, are...

Forex Transaction to Hedge Foreign Currency Risk is not Speculative, Deduction allowable: ITAT [Read Order]

The Chandigarh bench of the Income Tax Appellate Tribunal (ITAT) has ruled that, the Forex transaction to hedge foreign currency risk is not speculative and the deduction was made allowable. The...

CESTAT’s Order allowing Refund Claims for Education Cess attained Finality as Revenue failed to Challenge before Higher Authority: CESTAT [Read Order]

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chandigarh Bench held that the CESTAT’s Order allowing refund claims for Education Cess attained Finality as Revenue failed to...