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ITAT Amritsar

Non-Compliance with Fresh Registration Requirement Following J&K Reorganisation: ITAT Rejects S. 12A Registration [Read Order]

Thahani Fathima T V

The Amritsar Bench of the Income Tax Appellate Tribunal (ITAT) has refused to grant registration under section 12A of the Income Tax Act, 1961 and...

Bank Account Opened Fraudulently in Assessee’s Company, AO adds Rs. 15 cr as Protective Addition:...

S.68 Invocable Only If Taxpayer Maintain Books: ITAT deletes Addition as Returns Filed u/s 44AD...

Union Budget 2024: Income Tax Bar, Jalandhar submits Pre-Budget Memorandum

ITAT directs AO to treat Building Expenditure part of Surrendered Income already disclosed during...

Excess Stock Discovered in Survey by Tax Authorities Treated as Regular Business Income, Not Deemed Income u/s 69B of IT Act as fully disclosed in Books; Section 115BBE Inapplicable: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Amritsar Bench has held that excess stock discovered during the survey by tax authorities should be treated as regular business income of the assessee and...

Reassessment shall not be framed u/s 153C of Income Tax Act, if notice for search proceedings issued u/s 153A of Act: ITAT deletes Penalty [Read Order]

The Income Tax Appellate Tribunal (ITAT) Amritsar Bench held that reassessment should not be framed under Section 153C of Income Tax Act, 1961 if notice for search proceedings was issued under...

Ex parte Order passed u/s 250 of the Income Tax Act without Providing Reasonable Opportunity: ITAT directs Readjudication [Read Order]

In a significant case, the Amritsar bench of the Income Tax Appellate Tribunal (ITAT) ex parte order passed under section 250 of the Income Tax Act, 1961 without providing a reasonable opportunity ...

Reasonable Opportunity of Hearing shall be extended to assessee in Rectification Proceedings before making Addition u/s 40A (7) of Income Tax Act: ITAT directs readjudication [Read Order]

The Amritsar Bench of Income Tax Appellate Tribunal (ITAT) ruled before going for addition under Section 40A(7) of the income Tax Act, the assessee should get a reasonable opportunity before the...

Assessment Proceedings Framed by Quoting Wrong Section on Jurisdiction : ITAT Declares Assessment order as Void ab-intio [Read Order]

The Amritsar bench of the Income Tax Appellate Tribunal ( ITAT) quashed the assessment order passed by the assessing officer by quoting the wrong section on jurisdiction and declared the order as...

Appeal Not Maintainable on Non-Payment of Admitted Tax during Filing of Return u/s 249(4) of Income Tax Act: ITAT [Read Order]

The Amritsar Bench of Income Tax Appellate Tribunal (ITAT) held that the appeal order is not maintainable for violation of Section 249(4) of Income tax Act,1961 for non-payment of the admitted tax. ...

Assessee should get Reasonable Opportunity before Making Addition u/s 40A (7) before Processing Rectification Application: ITAT [Read Order]

The Amritsar Bench of Income Tax Appellate Tribunal (ITAT) has held that the assessee should be given reasonable opportunity before making addition under Section 40A (7) of the Income Tax Act, 1961...