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Income Tax Act 1961

Re-Assessment Order passed without allowing Assessee to file Objection is Invalid: Delhi HC [Read Order]

The Delhi High Court has held that the re-assessment under section 147/148 of the Income Tax Act, 1961 passed without allowing the assessee to file...

Income Tax Dept failed to give Minimum Time to Respond: Delhi HC quashes S. 148 Notice [Read Order]

Income Tax Return not filed after receiving Re-Assessment Notice: ITAT upholds Penalty [Read Order]

Disallowance under section 14A not to be considered while computing Book Profit: ITAT [Read Order]

Re-Assessment cannot be made in a Casual and Whimsical Manner: ITAT [Read Order]

No Specific Charges mentioned in S. 274 Notice: ITAT deletes Penalty Order [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has quashed a penalty order by holding that the AO has not been specified under section 274 as to whether the penalty is proposed for...

Payment for Advertisement Space on Website does not amount to 'Royalty', No TDS: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the payment made for advertisement space on website does not amount to “royalty” to attract TDS under section 195 of the Income...

Non-Cooperation with Dept cannot be Sole ground for Addition u/s 69A: ITAT [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that mere non-cooperation with the department cannot be the sole ground to make an addition under section 69A of the Income...

Notice issued without Jurisdiction is Invalid: Allahabad HC quashes Re-Assessment Order [Read Order]

A division bench of the Allahabad High Court comprising Justice Surya Prakash Kesarwani and Justice Jayant Banerji has ruled that once the notice under Section 148 of the Income Tax Act, 1961, issued...

Advance Payment to purchase Agricultural Land from Sale Proceed deductible u/s 54B of Income Tax Act: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Rajkot bench has held that the advance payment to purchase agricultural land from the sale proceed of the land sold by him is eligible for benefit of...

ITAT Weekly Round-Up

This weekly round-up analytically summarizes the key judgments reported at Taxscan.in by the Income Tax Appellate Tribunal (ITAT) from the 1st to the 7th of May 2022. Anup Service Station v. DCIT...

Firm not Taxable for Capital introduced by Partner: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the Firm cannot made taxable for the capital introduced by the Partner as section 68 of the Income Tax Act, 1961 cannot be...

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