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Income Tax Act 1961

AO must issue Speaking Orders Against Assessee's Written Objections: Calcutta HC Upholds ITAT Order [Read Order]

The Calcutta High Court recently affirmed an ITAT ruling that removed an assessee's income addition of more than ₹4 crore made in a reassessment...

Broad Scope of New Income Tax Bill 2025: General FAQs Answered

Discrepancy in FMV: ITAT Directs AO to Determine by Conducting Thorough Fact-Finding Process,...

Disallowance of Sales Promotion Expense u/s 37(1): ITAT Allows Deduction Based on Evidence Provided...

Supreme Court - High Court - Supreme Court & High Courts Weekly Round-up - Weekly Round-up - weekly round-up analytically summarizes - non-bailable and cognizable offence - PMLA Act - GST - Service tax - Taxscan

Supreme Court & High Courts Weekly Round-up [Jan 11th to Jan 17th, 2025]

Cessation of Liabilities u/s 41(1): ITAT Upholds Deletion of Additions by CIT(A) [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]'s decision in deleting the additions made by the Assessing Officer (AO) under section...

Invalid Reassessment Notice due to Lack of PCCIT Approval: ITAT quashes Additions [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) quashed the additions made by the Assessing Officer (AO) after finding that the reassessment notice issued under section 148 was invalid...

Income Tax Hearing Notice Not Received: ITAT Quashes Ex Parte Order, Remands Matter for Fresh Hearing [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) quashed an ex parte order issued by the Commissioner of Income Tax (Appeals) [CIT(A)] due to the assessee did not receive the income tax...

Notices to Dead Persons: Dead & Still Taxed

The income tax laws in India aim to ensure compliance and accountability among taxpayers. However, Strange situations sometimes arise when notices under the Income Tax Act, 1961, are served to...

Income Tax Annual Digest 2024: ITAT Cases [Part 28]

This annual round-up analytically summarizes all the Income Tax related Orders of the Income Tax Appellate Tribunal (ITAT) Benches of India reported at Taxscan.in during 2024. ITAT upholds Tax...

No Additions Allowed in Completed Assessments u/s 153A Without Incriminating Material seized during search: ITAT [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) ruled that no additions could be made in completed or unabated assessments under Section 153A of the Income Tax Act, 1961, unless...

Disallowance of ₹10 Lakh Donation u/s 35AC: ITAT Restores Matter to AO [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) restored the matter to the Assessing Officer (AO) for further examination of the disallowance of a ₹10 Lakh donation claimed under Section...

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