![Brought Forward Losses can be Adjusted Against Belatedly filed ITR u/s 139(3): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Brought-Forward-Losses-Adjusted-Against-Belatedly-filed-ITR-ITAT-TAXSCAN.jpg "Brought Forward Losses can be Adjusted Against Belatedly filed ITR u/s 139(3): ITAT [Read Order]")
Brought Forward Losses can be Adjusted Against Belatedly filed ITR u/s 139(3): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that brought forward losses can be adjusted against the income declared belatedly...
![Lack of Enabling Provision in IT Act: ITAT quashes Disallowance of Claim u/s 143(1)(a) for Belated Filing of ITR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/IT-Act-ITAT-Disallowance-of-Claim-Filing-of-ITR-ITR-taxscan.jpg "Lack of Enabling Provision in IT Act: ITAT quashes Disallowance of Claim u/s 143(1)(a) for Belated Filing of ITR [Read Order]")
![Rectification Application cannot be Rejected in case of Apparent and Obvious Mistakes in ITR: ITAT relies on CBDT Circular [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Application-Rejected-Apparent-Obvious-Mistakes-ITR-ITAT-CBDT-Circular-TAXSCAN.jpg "Rectification Application cannot be Rejected in case of Apparent and Obvious Mistakes in ITR: ITAT relies on CBDT Circular [Read Order]")
![Income Tax Deduction u/s 80P cannot be denied for Non-filing of ITR within Due Date: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Tax-Deduction-Non-filing-of-ITR-ITAT-taxscan.jpg "Income Tax Deduction u/s 80P cannot be denied for Non-filing of ITR within Due Date: ITAT [Read Order]")
Last date to file Updated ITR for AY 2020-21 is March 31, “Don’t Delay, File Today!”: Income Tax Dept reminds Taxpayers
The Income Tax Department has recently tweeted that the window to file the updated Income Tax Returns (ITR) for the Assessment Year 2020-2021 is open till March 31, 2023. The tweet said, “Last...
![Advance Tax Not Payable If Assessee is Above Age of 60 Years having No Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Advance-Tax-Tax-Income-Tax-Business-Income-ITAT-taxscan.jpg "Advance Tax Not Payable If Assessee is Above Age of 60 Years having No Business Income: ITAT [Read Order]")
Income Tax Payers Advised to Look out for ITR-AIS Mismatch and File Updated Returns: CBDT Issues Press Release
The Central Board of Direct Taxes ( CBDT ) has released a press release on e-Verification Scheme, advising income taxpayers to file updated returns in case of unreported or underreported income....
Supreme Court allows Tenure Extension of ITAT Member for Delayed Appointment on Non-Filing of ITR in Madras Bar Association Plea [Read Order]
The Supreme Court of India, while considering a plea by the Madras Bar Association, allowed the extension of the tenure of an Income Tax Appellate Tribunal ( ITAT ) member to continue till the age of...
![Supreme Court allows Tenure Extension of ITAT Member for Delayed Appointment on Non-Filing of ITR in Madras Bar Association Plea [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Supreme-Court-tenure-extension-ITAT-member-delayed-appointment-ITR-non-filing-Madras-Bar-Association-case-ITAT-Taxscan.jpg "Supreme Court allows Tenure Extension of ITAT Member for Delayed Appointment on Non-Filing of ITR in Madras Bar Association Plea [Read Order]")
Audit Report u/s 44B furnished along with ITR before Completion of Assessment: ITAT deletes Penalty u/s 271B of Income Tax Act [Read Order]
The Chennai bench of Income Tax Appellate Tribunal ( ITAT ) has recently held that no penalty would be levied if the audit report under section 44B of Income Tax Act 1961 was furnished along with...
![Audit Report u/s 44B furnished along with ITR before Completion of Assessment: ITAT deletes Penalty u/s 271B of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Audit-Report-ITR-Assessment-ITAT-Penalty-Income-Tax-Act-Income-Tax-Tax-Taxscan.jpg "Audit Report u/s 44B furnished along with ITR before Completion of Assessment: ITAT deletes Penalty u/s 271B of Income Tax Act [Read Order]")
Filing of Fresh ITR Not Necessary If Assessee feels that Earlier Return should be Considered for Re-Assessment: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the filing of a fresh Income Tax Return was not necessary if the assessee felt that the earlier return should be considered for...
![Filing of Fresh ITR Not Necessary If Assessee feels that Earlier Return should be Considered for Re-Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/ITR-Assessee-Return-Re-Assessment-ITAT-Taxscan.jpg "Filing of Fresh ITR Not Necessary If Assessee feels that Earlier Return should be Considered for Re-Assessment: ITAT [Read Order]")