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ITAT Overturns AO's Addition of Rs. 1.4 Lakh u/s 68, Validating Assessee's Cash and Insurance Payment Accounting [Read Order]

Sneha Sukumaran Mullakkal

The Visakhapatnam Bench of Income Tax Appellate Tribunal ( ITAT ) overturned the Assessing Officer ( AO )’s addition of Rs. 1.4 lakh under section 68...

ITAT upholds AO's Addition of Rs. 11.4 Lakhs for unexplained cash, citing Assessee's insufficient...

ITAT upholds AO's Addition of Rs. 9.65 Lakh u/s 56(2)(x) as Gift not Qualifying from a Relative...

JCIT approval for Notices Issued 3-4 Years Post Assessment Found Non-Compliant with Section 151:...

Patna HC - Income Tax Case - JCIT Transfer - Tax Law - Section 127 - Section 148 - Tax Court Ruling - taxscan

JCIT cannot Transfer Case u/s 127 to Subordinate Officer without Hearing Assessee: Patna HC [Read...

Tamil Nadu Advocates Welfare Fund exempted from Income Tax u/s 23 of AWF Act: ITAT [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the Tamil Nadu Advocates Welfare Fund is exempted from Income Tax under section 23 of the AWS Act, against the provisions of...

“Dragging the assessee to litigation and creating another Demand”: ITAT raps AO and Appellate Authority for failing to examine facts on record [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) quashed an Assessment Order passed by an Assessing Officer under Sections 144 and 147 of the Income Tax Act, 1961. The aforementioned...

JCIT issues Penalty Order under Income Tax Act beyond Limitation, Deemed Invalid: ITAT deletes Penalty [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty, noting that the Joint Commissioner of Income Tax ( JCIT ) ought to have passed the order on or before 31.03.2015,...

Approval of Reassessment Order by JCIT without Recording Reasons: ITAT invalidates Income Tax Notice and Reassessment Proceedings [Read Order]

The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently invalidated the Income Tax Notice under Section 148 and the reassessment proceedings due to non-compliance with Section 151 of...

Assessment u/s 153 A Invalid in absence of Independent Application of Mind by JCIT before granting Approval: Allahabad HC upholds order of ITAT [Read Order]

The Allahabad High Court (HC) has held that assessment under section 153 A of the Income Tax Act is invalid in absence of independent application of mind by JCIT before granting Approval. ...

Relief to Dell International: ITAT rules Amount received towards Warranty is Refundable even on Cancellation of Warranty Agreement [Read Order]

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench granted relief to M/s. Dell International Services India Private Limited and held that amount received towards warranty is refundable even on...

ITAT deletes Penalty since Non-Deduction of TDS due to Absence of Invoices [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted a penalty order under section 271C of the Income Tax Act, 1961 by holding that the non-deduction of tax was due to non-receipt...