Annual Digest 2024: Supreme Court and High Court Cases on Taxation [Part 27]
This annual round-up analytically summarizes the key Direct and Indirect Tax Judgments of the Supreme Court and all High Courts of India reported at...
![PCIT Cannot Substitute AOs View in 263 Proceedings Unless AOs Decision Wholly Unsustainable in Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/PCIT-PCIT-Cannot-Substitute-AOs-View-ITAT-Decision-Wholly-Unsustainable-in-Law-Ahmedabad-Bench-of-Income-Tax-Appellate-Tribunal-reassessment-The-two-member-bench-Taxscan.jpg "PCIT Cannot Substitute AOs View in 263 Proceedings Unless AOs Decision Wholly Unsustainable in Law: ITAT [Read Order]")
![CIT(A) Rejects Appeal without Merit Discussion: ITAT remits Case for Fresh Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CIT-CIT-Rejects-Merit-Discussion-ITAT-ITAT-Remits-Case-for-Fresh-Hearing-Delhi-Bench-of-Income-Tax-Appellate-Tribunal-Income-Tax-Appellate-Tribunal-Section-143-Section-254-taxpayer-Taxscan.jpg "CIT(A) Rejects Appeal without Merit Discussion: ITAT remits Case for Fresh Hearing [Read Order]")
![Contributions to approved Superannuation Fund deductible u/s 36(1)(iv) of Income Tax if within Prescribed Limits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "Contributions to approved Superannuation Fund deductible u/s 36(1)(iv) of Income Tax if within Prescribed Limits: ITAT [Read Order]")
Refund Adjustment Against Stayed Tax Demand Unlawful: Delhi HC Rules in Favor of Nokia Solutions India, Upholds CBDT Guidelines [Read Order]
The Delhi High Court recently, in the case of Nokia Solutions and Networks India Pvt Ltd, upheld the CBDT guidelines declaring the actions of the Revenue arbitrary. The petitioner, Nokia Solutions...
CBDT Circular Strikes again: ITAT dismisses Revenue's Appeal due to Tax Effect Threshold [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the Revenue's appeal against Coforge Ltd, as the tax effect of the disputed issues raised did not exceed the prescribed monetary...
![CBDT Circular Strikes again: ITAT dismisses Revenues Appeal due to Tax Effect Threshold [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Delhi-Income-Tax-Income-Tax-Appellate-Tribunal-CBDT-TAXSCAN.jpg "CBDT Circular Strikes again: ITAT dismisses Revenues Appeal due to Tax Effect Threshold [Read Order]")
Deletion of Rs. 6.70 Cr Addition by AO for Unexplained Share Capital and Premium: ITAT Sets Aside CIT(A) Order [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT)set aside the Commissioner of Income Tax(Appeals)[CIT(A)]'s order deleting an addition of Rs. 6.70 crores made by the Assessing Officer (AO)...
![Deletion of Rs. 6.70 Cr Addition by AO for Unexplained Share Capital and Premium: ITAT Sets Aside CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Unexplained-Share-Capital-AO-for-Unexplained-Share-Capital-and-Premium-CITA-Order-Income-Tax-Appellate-Tribunal-bogus-accommodation-entries-Revenue-appellant-Blueray-Trading-Pvt.-Ltd-Taxscan.jpg "Deletion of Rs. 6.70 Cr Addition by AO for Unexplained Share Capital and Premium: ITAT Sets Aside CIT(A) Order [Read Order]")
Rs. 42.26 Lakh Cash Deposit in Bank Unexplained: ITAT Sends Case Back to AO for Fresh Hearing Due to Non-Receipt of Notices [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) remitted a case involving an unexplained Rs. 42.26 lakh cash deposit in a bank back to the Assessing Officer (AO)Â for fresh consideration,...
![Rs. 42.26 Lakh Cash Deposit in Bank Unexplained: ITAT Sends Case Back to AO for Fresh Hearing Due to Non-Receipt of Notices [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Delhi-Income-Tax-Income-Tax-Appellate-Tribunal-cash-deposit-cases-in-bank-TAXSCAN.jpg "Rs. 42.26 Lakh Cash Deposit in Bank Unexplained: ITAT Sends Case Back to AO for Fresh Hearing Due to Non-Receipt of Notices [Read Order]")
Eligibility of Interest Income for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT Upholds CIT(A)'s Order [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]'s order granting relief on the eligibility of interest income for deduction under...
![Eligibility of Interest Income for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT Upholds CIT(A)s Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "Eligibility of Interest Income for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT Upholds CIT(A)s Order [Read Order]")
Income Tax Non-Compliance due to Issues with Online Portal: ITAT Orders Fresh Consideration in Interest of Justice [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Ahmedabad, has ordered fresh consideration in a case where non-compliance with tax regulations was attributed to technical...
![Income Tax Non-Compliance due to Issues with Online Portal: ITAT Orders Fresh Consideration in Interest of Justice [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Income-Tax-Income-Tax-Non-Compliance-ITAT-Orders-Income-Tax-Non-Compliance-due-to-Issues-with-Online-Portal-Income-Tax-Appellate-Tribunal-non-compliance-with-tax-regulations-reassessment-T.jpg "Income Tax Non-Compliance due to Issues with Online Portal: ITAT Orders Fresh Consideration in Interest of Justice [Read Order]")