Read all Latest Updates on and about Income Tax Act 1961

Top

Begin typing your search above and press return to search.

Home
»
Income Tax Act 1961

Income Tax Addition u/s 68 not permissible in the absence of any Books of Account: ITAT [Read Order]

Taxscan Team

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the Income Tax Addition under section 68 of the Income Tax Act,1961 is not...

Delhi HC transfers matter to Higher Bench to decide admissibility of Writ Petition when...

Cash Deposit of Demonetized Notes Not Legally Prohibited till 31st December 2016: ITAT Deletes...

AO failed to record the satisfaction envisaged u/s 14A(2): ITAT deletes proceedings against Serum...

PAN Card - Inoperative - Aadhaar - CBDT - taxscan

PAN Cards to Become Inoperative from 1st April 2023, If Not Linked with Aadhaar: CBDT

No Error in Deduction of Interest on Loan: ITAT quashes Revision Order passed by PCIT [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal has held in favour of the appellant-assessee, Sathyanarayanan Radhika that, the deduction of interest on loan amount taken by him in the previous...

Non-Response to Re-Assessment Notice will not Attract Penalty under Income Tax Act: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the non-response to the re-assessment notice under the Income Tax Act, 1961 will not attract penalty under section 271(1)(b) of the...

Sale Proceeds of Car Parking Spaces being an Integral Part of Housing Project eligible for Income Tax Deduction: ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the sales proceeds of car parking spaces being an integral part of the housing project shall be eligible for income tax...

No TDS on Commission paid to Partner by Firm: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that commission paid to partners is not covered under Section 194H of the Income Tax Act and therefore, the same is not subject to TDS...

Income Tax: Pre-Consultation Notice u/s 148A(b) cannot be Challenged through Writ Petition, rules Madhya Pradesh HC [Read Order]

In a significant ruling, the Madhya Pradesh High Court, while dismissing a writ petition, has held that the notice under section 148A(b) of the Income Tax Act, 1961 cannot be challenged through a...

Reimbursement of Sales Promotion Expenses incurred through Credit Card to Directors cannot be Disallowed: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Mumbai bench, while deleting a disallowance, has held that the reimbursement of sales promotion expenses incurred through Credit Card to the directors of...

ITAT deletes upward Adjustment on International Transactions for Payments of Interest on FCDs [Read Order]

The upward adjustment on international transactions for “payments of interest on Fully Convertible Debentures (FCD)” was deleted by the Mumbai bench of the Income Tax Appellate Tribunal (ITAT). ...

Prev Page Next Page