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Income Tax Act 1961

₹718.87 Crore Exemption Claim u/s 10(23C)(iiiab) Lacks Documents: ITAT upholds PCIT's Order [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) upheld the Principal Commissioner of Income Tax (PCIT)'s order, ruling that the ₹718.87...

ITAT Quashes Penalty under Section 271(1)(c), Directs AO to Reconsider Quantum Addition [Read Order]

Relief to Shri Sai Baba Sansthan Trust: Bombay HC halts Reopening Income Tax Assessment of A.Y....

CIT(E) Rejects S. 12AB Claim Citing Related Party Transactions Without Considering Society's...

Section 66: Defining the Boundaries of GST Special Audits

Income Tax Annual Digest 2024: ITAT Cases [Part 15]

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...

Income Tax Annual Digest 2024: ITAT Cases [Part 7]

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. Relief to Bank of...

Setback to Titan as ITAT confirms Legality of Reopening Assessment u/s 147 [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) delivered a setback to Titan and upheld the legality of reopening the assessment under Section 147 of the Income Tax Act, 1961. In...

PCIT's Rejection of Refund Claim and Rectification Application: ITAT Dismisses Appeal [Read Order]

The Surat Bench of Income Tax Appellate Tribunal(ITAT) dismissed the appeal filed by the assessee, challenging the Principal Commissioner of Income Tax (PCIT)'s rejection of the refund claim and...

Annual Digest 2024: Supreme Court and High Court Cases on Taxation [Part 24]

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 Taxscan.in during 2024. Calcutta High Court...

Supreme Court - High Court - Supreme Court annual digest - High Court annual digest - TAXSCAN

Write-off of Rs. 8,002 on Non-Recoverable Employee Advances Allowed as Business Expense u/s 37: ITAT [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT)allowed the write-off of Rs. 8,002 on non-recoverable employee advances as a deductible business expense under Section 37 of the Income Tax...

ITAT allows Goldman Sachs to claim deduction for leave encashment paid before due date of ITR filing u/s 43B(f) [Read Order]

In a recent ruling, the Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the assessee Goldman Sachs to claim deduction for leave encashment paid before the due date of ITR filing...

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