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Income Tax Officer

Assessment Framed Without Jurisdictional Notice u/s 143(2) Invalid: ITAT [Read Order]

Franklin Joshva

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) held that the assessment framed by the Assessing Officer (AO) was invalid and a...

Inside India’s Legendary Tax Raid that Inspired Ajay Devgn’s "Raid" Movie

Odisha Income Tax Officer Arrested for Allegedly Taking ₹25,000 Bribe from a Bakery Owner

P&H HC grants bail to Income Tax Officer in ₹25 lakh Bribery Case, Clarifies Direct Bail Plea...

"NFAC Passed Perverse Order Stating Wrong Penalty Amount & Ignoring S.273B Safeguards": ITAT Deletes...

ITAT Condones 66-day Delay in Filing Appeal due to COVID Lockdown and CA's Preoccupation [Read Order]

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT), condoned a 66-day delay in filing an appeal, noting the COVID-19 lockdown and the preoccupation of the assessee’s Chartered...

NRI’s Property Investment Explained with Bank Statements and Agreements: ITAT Quashes Addition Due to Jurisdictional Error

The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside an assessment order adding Rs. 69.99 lakh as unexplained investment under Section 69 of the Income Tax Act, 1961 as the...

Claim for deduction u/s. 80P(2)(a)(i) of Income Tax Act cannot be disallowed solely on ground of lending money to non-members : ITAT Allows Appeal of Cooperative society [Read Order]

In a recent ruling the ITAT Cochin bench of the Income Tax Appellate Tribunal (ITAT) allowed the appeal of cooperative society by holding that the claim for deduction under section 80P(2)(a)(i)...

S. 148A Notice Must Be Issued Before S. 147 Order: Jharkhand HC Quashes Order, Finds Lapse by Income Tax Dept [Read Order]

The Jharkhand High Court has quashed an order passed under Section 147of the Income Tax Act, 1961, after the Income Tax Department Counsel admitted failure to issue the mandatory notice under Section...

Delhi HC upholds Conviction u/s 276 C(2) of Income Tax Act citing, Nonpayment of Income Tax Returns was wilful act of accused [Read Order]

In a recent case, the Delhi High Court has observed that merely claiming financial inability, without providing any further explanation or evidence, holds no weight and is clearly untenable. The ...

Depression & Father’s Death Lead ITAT to Grant Relief; ₹4.16Cr Demonetization Case Sent Back for Fresh Assessment [Read Order]

The Income Tax Appellate Tribunal (ITAT) Delhi bench has granted relief in a ₹4.16 crore demonetization case, citing mental health struggles and family bereavement as valid reasons for procedural...

Income Tax Appeal Delay Due to Lottery Business Closure and Counsel’s Death during COVID-19: Madras HC Condones 544 Days [Read Order]

The Madras High Court has condoned a 544-day delay in filing an income tax appeal citing the petitioner’s genuine reasons for the delay which included business closure, the death of their counsel...