Read all Latest Updates on and about ITAT Jaipur

Top

Begin typing your search above and press return to search.

Home
»
ITAT Jaipur

Re-Assessment not sustainable on ground of Failure in issuing Notice and Reporting Reason: ITAT [Read Order]

Taxscan Team

The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) ruled that failure in issuing a notice and reporting reason for reopening a case will...

ITAT directs to adopt Actual Sale Consideration instead of Stamp Duty Value for calculating Capital...

Residential House Properties are shown as Stock in Trade in Books of Account: ITAT upholds allowing...

Receipt of Cash Sales does not attract S. 68: ITAT [Read Order]

Amended Provisions relating to Income Tax Deduction towards Contribution to ESI and PF Applicable...

Notice not served on Assessee due to Change of Address: ITAT deletes Penalty [Read Order]

The Income Tax Appellate Tribunal (ITAT), Jaipur bench has quashed a penalty order on the ground that the notice proposing the same was not served on the assessee due to change of address. On the...

Receipt of Excess Share from Close Relative is not Chargeable to Tax under Other Sources: ITAT [Read Order]

The Jaipur Bench of Income Tax Appellate Tribunal has held that receipt of excess share from close relative is not chargeable to tax under other sources. The appellate, M/s Prakash Chand Sharma...

ITAT condones Delay of 4 Years in filing Rectification Application u/s 154 of Income Tax Act [Read Order]

The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has recently condoned a delay of four years in filing a rectification application under section 154 of the Income Tax Act, 1961 finding...

Penalty cannot be solely based on Addition without proving Concealment: ITAT [Read Order]

The Income Tax Appellate Tribunal, Jaipur bench has held that the penalty under section 271(1)(c) of the Income Tax Act, 1961 cannot be solely based on the addition without proving the two...

Depreciation being Statutory allowance cannot be restricted on basis of Personal use: ITAT [Read Order]

The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) has held that the depreciation being statutory allowance cannot be restricted on the basis of personal use. The assessee, Bhagchand Jain is...

‘Proper Service’ of Notice is mandatory requirement for Re-Assessment: ITAT quashes Proceedings [Read Order]

The Jaipur bench of the Income Tax Appellate Tribunal (ITAT), while quashing the re-assessment proceedings, has held that the ‘proper service’ of notice is a mandatory requirement for reopening of...

Another Women-Friendly Ruling from ITAT: No Penalty on Wife for receiving Money from Husband for Purchase of Family Property [Read Order]

In a welcoming ruling favouring women in the country, the Income Tax Appellate Tribunal (ITAT), Jaipur has held that penalty under section 271D of the Income Tax Act, 1961 cannot levied on wife for...

Prev Page Next Page