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ITAT Cuttack

Assessment u/s 147 of Income Tax Act cannot be made without a Substantive Assessment: ITAT [Read Order]

Sneha Sukumaran Mullakkal

The Cuttack Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that assessment under Section 147 of the Income Tax Act,1961 cannot be made without...

ITAT deletes ₹58 Lakh Capital Investment addition due to Name Discrepancy of Taxpayer in Records...

ITAT Exempts Penny Stock Transactions u/s 10(38) Due to STT Compliance, Denies AO’s Bogus...

'Finds Addition Too Harsh': ITAT directs Re-examination of PCIT's Rs. 3.4 cr Addition due to Sales...

ITAT upholds CIT(A)’s Deletion of ₹3.4 crore Addition u/s 69A, Dismisses AO’s Appeal for Lack of...

ITAT Restores Appeals to AO for Reassessment Due to Incomplete Evidence Submission [Read Order]

In a recent case, the Cuttack Bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the appeal of the assessee and directed the Assessing Officer ( AO ) to reassess the appeals for the...

ITAT remands Assessment back to AO for Fresh Review due to Non-Receipt of Notices and Disputed Cash Payments [Read Order]

In the recent case, the Cuttack Bench of the Income Tax Appellate Tribunal (ITAT) partially allowed the assessee’s appeal, remanding the assessment for assessment year(AY) 2020-2021 back to the...

ITAT Remands Case to CIT(A) Due to Incorrect Filing Date of Income Tax Return [Read Order]

In the concerned case, the Cuttack bench of Income Tax Appellate Tribunal( ITAT ) partially allowed the appeal of the revenue appellant, by noting that the Commissioner of Income Tax (Appeals)...

ITAT Remands Case Back to CIT(A) for Reconsideration Due to Non-Compliance and Evidence Issues [Read Order]

In the recent case, the Cuttack bench of Income Tax Appellate Tribunal(ITAT) remanded the appeal by the assessee against the Commissioner Of Income Tax (Appelas)[CIT(A)]'s order after condoning a...

Delay in Filing Income Tax Appeal as Orders sent to Email was in Spam Folder: ITAT Condones Delay of 145 Days [Read Order]

The Cuttack Bench of Income Tax Appellate Tribunal ( ITAT ) has condoned the delay of 145 days in filing an Income Tax appeal as the assessee failed to receive the orders sent through email, as many...

Direction of PCIT to Fresh Assessment without Enquiry is Invalid: Supreme Court Dismisses SLP [Read Order]

The Supreme Court dismissed the Special Leave Petition (SLP) and observed that the direction of the Principal Commissioner of Income Tax(PCIT) to fresh assessment without enquiry is invalid. The...

PCIT - Fresh Assessment without Enquiry - Supreme Court - Special Leave Petition - SLP - Assessment - taxscan

Maintenance & Electricity Charges not in the form of Deposits excluded from Cost of Property for computing LTCG: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Cuttack Bench has held that the revenue expenditures incurred by the assessee such as maintenance and electricity charges which are not in the form of any...

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