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Mr. George Mathan

Intimation u/s 143(1) Quashed as Disallowance of Application of Funds Not Permitted for Charitable Trust: ITAT [Read Order]

Franklin Joshva

The Cuttack Bench of the Income Tax Appellate Tribunal (ITAT) held that the intimation issued under Section 143(1) of the Income Tax Act was invalid...

Bank Confirmed No Demonetized Currency Deposit on Specific Date: ITAT Deletes ₹15.45 Lakh Cash...

Britannia Biscuit Wholesale Dealer's Estimated Income Reduced to 1% from 1.5%: ITAT Reduces Income...

Cash Deposits Claimed from Building Material Business: ITAT Directs AO to Verify as Assessee Could...

Issue of Registration u/s 12A Income Tax Act is Invalid as Registration has Already been granted:...

Relief for UCIL: ITAT Finds No Penalty Warranted u/s 270A for Missed CSR Disallowance Due to Accountant’s Error [Read Order]

The Ranchi Bench of Income Tax Appellate Tribunal ( ITAT ) finds no penalty warranted under Section 270A of the Income Tax Act,1961, for missed Corporate Social Responsibility (CSR) disallowance...

AO Wrongly allowed Posco India's set-off of Brought-Forward Loss of ₹1.4 cr: ITAT directs Disallowance, Citing Adjustments made in Previous Years [Read Order]

The Cuttack Bench of Income Tax Appellate Tribunal ( ITAT ) directed disallowance of set-off of the brought-forward loss of Rs.1,47,26,425 citing that adjustments had already been made in previous...

ITAT upholds CIT(A)’s Deletion of ₹3.4 crore Addition u/s 69A, Dismisses AO’s Appeal for Lack of Evidence [Read Order]

The Cuttack Bench of the Income Tax Appellate Tribunal (ITAT) rejected the assessing officer (AO)’s appeal challenging the Commissioner of Income Tax (Appeals) [CIT(A)] deletion of Rs. 3.4 Crore...

ITAT upholds CIT(A)'s decision to delete Rs.3,08,11,278 penalty u/s 271(1)(c) as Quantum of Addition No Longer Exists [Read Order]

The Cuttack Bench of Income Tax Appellate Tribunal(ITAT) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]'s decision to delete the Rs.3,08,11,278 penalty levied under section 271(1)(c) for the...

ITAT Restores Appeals to AO for Reassessment Due to Incomplete Evidence Submission [Read Order]

In a recent case, the Cuttack Bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the appeal of the assessee and directed the Assessing Officer ( AO ) to reassess the appeals for the...

ITAT remands Assessment back to AO for Fresh Review due to Non-Receipt of Notices and Disputed Cash Payments [Read Order]

In the recent case, the Cuttack Bench of the Income Tax Appellate Tribunal (ITAT) partially allowed the assessee’s appeal, remanding the assessment for assessment year(AY) 2020-2021 back to the...

ITAT Remands Case Back to CIT(A) for Reconsideration Due to Non-Compliance and Evidence Issues [Read Order]

In the recent case, the Cuttack bench of Income Tax Appellate Tribunal(ITAT) remanded the appeal by the assessee against the Commissioner Of Income Tax (Appelas)[CIT(A)]'s order after condoning a...