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Income Tax Officer

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...

Income Tax Appeal Delay Due to Lottery Business Closure and Counsel’s Death during COVID-19: Madras...

ITAT Sets Aside CIT(A) Order on Kochin Co-op Society's Cash Deposits, Demands Fresh Review [Read...

ITAT Allows Section 80P Deduction for Kerala University Co-op Society's Bank Interest Income [Read...

CBI Nabs Rohtak Income Tax Officer Red-Handed Taking Rs. 50,000 Bribe

Agricultural Land Sold 10 km Beyond Municipal Limits: ITAT Orders Verification to Determine Capital Asset Status u/s 2(14)(iii) [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) orders verification of evidence to determine whether the land qualifies as a capital asset under Section 2(14)(iii) of the Income Tax...

Landmark Ruling: ITAT Mumbai Upholds Deduction Claim of Co-op Societies, Clarifies Co-op Banks Are Eligible for Tax Benefits Under Section 80P(2)(d) [Read Order]

In a significant decision, the Income Tax Appellate Tribunal (ITAT) Mumbai has ruled in favor of co-operative societies, allowing them to claim tax deductions under Section 80P(2)(d) of the Income...

Pr. CIT's S.263 Revision Over Unexplained Cash Deposits: ITAT Quashes Order [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) quashed the Principal Commissioner of Income Tax ( Pr. CIT )’s order under section 263 of the Income Tax Act,1961, which had directed a fresh...

CBI arrests Two Income Tax Officials in Bribery Case at Silchar, Assam

The Central Bureau of Investigation (CBI) has arrested two Income Tax Officials in relation to bribe allegations. The CBI team from Shillong conducted an operation at the Income Tax Office on Circuit...

CBI arrests - Income Tax Officials - Bribery Case at Silchar - taxscan

ITAT deletes ₹58 Lakh Capital Investment addition due to Name Discrepancy of Taxpayer in Records [Read Order]

The Cuttack Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the Rs. 58 Lakh capital investment addition made by the assessing officer (AO) due to a discrepancy in the taxpayer's name in...

“Treating Cash Deposits from ‘Business Income’ as ‘Unexplained’ Results in Double Taxation”: ITAT Quashes S.69A Addition under Income Tax [Read Order]

Recently in a decision, the Income Tax Appellate Tribunal ( ITAT ) of Bangalore, quashed an addition made under Section 69A of the Income Tax Act 1961 ( ITA ) holding that treating cash deposits from...

Non-Compliance and Failure to Explain Bank Credits: ITAT upholds ₹3.13 Crore S.69 Addition under Income Tax [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ) upheld the addition of ₹3.13 crore as unexplained cash deposits in the bank accounts of an appellant, citing his failure to provide any...

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