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Assessment Reopened w/o Mandatory Application of Mind: ITAT Quashes Income Tax Reassessment Order [Read Order]

Varda Marakkar

In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ), Delhi Bench, quashed the reassessment order against an assessee noting that the...

ITAT Allows Withdrawal of Duplicate Appeal due to Duplication of Appeal Numbers for AY 2020-21 [Read...

Trust's Activities Governed by Charitable Purposes, CIT(E) incorrectly denied Registration u/s 12AA:...

Assessee’s Limited Familiarity with E-portal System: ITAT Condones 611 Day Delay [Read Order]

Delay may be condoned when Bona Fide 'Sufficient Cause' is Proven, Negligence not a valid Excuse:...

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

The Income Tax Appellate Tribunal ( ITAT ), Delhi recently rejected the applicability of Protective Addition of Rs.14 Crore attributed towards Income Tax of arraigned business personality, Lalit...

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

The Income Tax Appellate Tribunal ( ITAT ), Bangalore Bench, has clarified that penalties levied under the Value Added Tax ( VAT ) cannot be claimed as a deduction under Section 37 of the Income Tax...

ITAT Remits Case to CIT(A) for Fresh Consideration of Condonation of Delay in Filing Appeal [Read Order]

The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) remitted the case to the Commissioner of Income Tax (Appeals) [CIT(A)] for fresh consideration of the condonation of delay in filing...

ITAT dismisses Assessee's Appeal as Infructuous After Filing Fresh Application for Registration Within Extended Deadline [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal filed by the assessee, as infructuous, after the trust had filed a fresh application for registration within the...

ITAT Deletes Addition of Rs.53.23 Lakh on Cash Deposits During Demonetization, Directs Re-computation of Income [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs.53.23 Lakhs on cash deposits during the demonetization period and directed the Assessing Officer ( AO ) to...

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...

Incomplete Construction of New House Property: ITAT upholds Exemption u/s 54 towards Amount Utilized [Read Order]

The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT ) held that exemption under Section 54 of the Income Tax Act,1961 can be allowed based on the amount utilized out of the sale...

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