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ITAT Jaipur

Senior Citizen Found with ₹95.89 Lakh Cash on Train Claimed It Belonged to Firm: ITAT Upholds Addition for Lack of Evidence

Sandra Digital Intern

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) upheld the addition of unexplained cash under Section 69A of the Income Tax Act, 1961,...

Explanation 2 to S. 263 Doesn’t Give Unfettered Revision Powers: ITAT Quashes PCIT’s Order [Read...

Reopening Based on Mere Change of Opinion Invalid: ITAT Quashes ₹4.96 Crore Income Tax Addition...

No Addition u/s 153A for Completed Assessments without Incriminating Material Found During Search:...

Rent Receipts if Incidental and Ancillary to Main Object of Trust, has to be allowed: ITAT [Read...

ITAT Dismisses Revenue’s Appeal as Reassessment Under Section 147/148 Invalid Due to Third-Party Search Evidence [Read Order]

The Jaipur Bench of Income Tax Appellate Tribunal(ITAT) dismissed the Revenue’s appeal, holding that reassessment under Section 147/148 of Income Tax Act,1961 was invalid due to reliance on...

Non-Compliance With S.40A(3) in Cash Payments: ITAT Remands Case to CIT(A) With Rs.2,000 Cost [Read Order]

The Jaipur Bench of Income Tax Appellate Tribunal(ITAT) remanded the matter to Commissioner of Income Tax (Appeals) [CIT(A)] due to non-compliance with Section 40A(3) of Income Tax Act,1961 in cash...

Faulty Income Tax Assessment: ITAT Quashes Addition and Penalty against 82 Years Old Senior Citizen [Read Order]

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) quashed the tax addition and penalty imposed on an 82-year-old senior citizen citing faulty assessment and failure to consider health...

Application of Section 44AD: ITAT Rules Gross Deposits Taxable at 8% for Retail Business Assessment [Read Order]

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the gross deposits of a retail business are taxable at 8% under Section 44AD of the Income Tax Act, 1961, rather than treating...

ITAT Condones 164-Day Delay, Grants Assessee Another Chance for Registration u/s 12AB [Read Order]

The Income Tax Appellate Tribunal (ITAT) Jaipur Bench has condoned a 164-day delay in filing appeals and remanded the case back to the Commissioner of Income Tax (Exemption) CIT(E), Jaipur, allowing...

₹1 Crore Addition for Unexplained Loans: ITAT Deletes Addition due to Sufficient Evidence [Read Order]

The Jaipur Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the ₹1 crore addition made under Section 68 of Income Tax Act,1961 for unexplained loans, due to sufficient evidence. Raj Kumari...

Assessment Converted from limited to Unlimited Scrutiny without Approval: ITAT Remands Case [Read Order]

The Jaipur Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case back to the Commissioner of Income Tax(Appeals)[CIT(A)] for a fresh decision, ruling that the Assessing Officer( AO ) did...