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Laxmi Prasad Sahu

Penalty for Late Filing of Tax Return: ITAT quashes Order as Time-Barred [Read Order]

Sneha Sukumaran Mullakkal

The Bangalore Bench of Income Tax Appellate Tribunal quashed a ₹54,700 penalty imposed under Section 272A(2)(e) of Income Tax Act,1961 for the late...

Notice Issued via Email Despite Specification in Form 35 Not to Receive: ITAT Remands Matter Due to...

'Source of Source' Requirement Restricted to Share Capital, Excludes Unsecured Loans and Applies...

ITAT Condones Delay in Appeal Due to serious dispute among Partners, Remands Case for Fresh...

Income Tax Annual Digest 2024: ITAT Cases [Part 19]

Relief to Toyota: ITAT upholds quashing of Separate Benchmarking of Royalty after Margin accepted to be at ALP [Read Order]

The Income Tax Appellate Tribunal, Bangalore recently granted relief to Toyota, upholding the order of a Transfer Pricing Officer ( TPO ) in which the royalty was separately benchmarked after the...

Inability to prove Unexplained Cash Credit u/s 69A of Income Tax Act: ITAT remits issue to AO for Fresh Consideration [Read Order]

The Bangalore Income Tax Appellate Tribunal (ITAT) remitted the issue to the Assessing Officer (AO) for fresh consideration as the Assessee has failed to prove the unexplained cash credit under...

ITAT Condones 50-day Delay, Directs CIT(A) for Fresh Adjudication in Interest of Substantial Justice [Read Order]

The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) condoned a 50-day delay in filing an appeal and directed the Commissioner of Income Tax (Appeals) [CIT(A)] for fresh adjudication in the...

Delayed PF & ESIC Payments: ITAT remands Matter for Production of Payment Challans [Read Order]

The Bangalore Income Tax Appellate Tribunal (ITAT) Bench remanded the Matter to the Assessing Officer (AO) for Production of Payment Challans in regard to the Delayed PF and ESIC Payments. The...

ITAT upholds Non-taxability of Google Ireland's Ad Revenue in India: Payments not Classified as Royalty or FTS [Read Order]

In a recent ruling, the Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the non-taxability of Google Ireland's Ad revenue in India and held that the payments are not classified...

Assessee Deposited Cash from Earlier Withdrawals: ITAT quashes Rs. 9.84 Lakh Income Additions [Read Order]

In a recent decision, the Income Tax Appellate Tribunal ( ITAT ) in Bangalore provided relief to a Canara Bank employee and national hockey player, by setting aside income additions totaling Rs. 9.84...

Interest on Delayed Customs Duty Deductible u/s 37 of Income Tax Act: ITAT [Read Order]

The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that interest on delayed customs duty was deductible under Section 37 of the Income Tax Act,1961. Mangalore chemicals &...