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Mr. George Mathan

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]

Kavi Priya

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...

ITAT upholds CIT(A)’s Deletion of ₹3.4 crore Addition u/s 69A, Dismisses AO’s Appeal for Lack of...

ITAT upholds CIT(A)'s decision to delete Rs.3,08,11,278 penalty u/s 271(1)(c) as Quantum of Addition...

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

ITAT remands Assessment back to AO for Fresh Review due to Non-Receipt of Notices and Disputed Cash...

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...

CIT(A) Fails to Verify Correct Date of Filing Income Tax Return: ITAT Restores Case to CIT(A) [Read Order]

A two-member bench of the Income Tax Appellate Tribunal (ITAT) in Cuttack has restored a case to the Commissioner of Income Tax Appeals (CIT (A)) after finding that the CIT (A) failed to verify the...

Replacement of broken and damaged gear box of furnace klin is current repairs u/s 31(1): ITAT [Read Order]

Replacement of broken and damaged gear box of furnace klin is current repairs under Section 31(1), so was held by the Income Tax Appellate Tribunal (ITAT), Cuttack. Surface Furnace Kiln was...

Delay in Filing Income Tax Appeal as Orders sent to Email was in Spam Folder: ITAT Condones Delay of 145 Days [Read Order]

The Cuttack Bench of Income Tax Appellate Tribunal ( ITAT ) has condoned the delay of 145 days in filing an Income Tax appeal as the assessee failed to receive the orders sent through email, as many...

Maintenance & Electricity Charges not in the form of Deposits excluded from Cost of Property for computing LTCG: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Cuttack Bench has held that the revenue expenditures incurred by the assessee such as maintenance and electricity charges which are not in the form of any...

ITAT confirms Addition of Unexplained Income for SBN Deposits during Demonetization Period in Absence of Legitimate Source [Read Order]

The Cuttack Bench of the Income Tax Appellate Tribunal (ITAT) recently confirmed the addition of unexplained income for SBN deposits during the demonetization period in the absence of legitimate...

Expenditure Incurred towards Computer Software and Stationery, Revenue in Nature: ITAT [Read Order]

The Cuttack Bench of the Income Tax Appellate Tribunal (ITAT), observed that expenditure incurred towards Computer Software and Stationery are Revenue in nature. The assessee in the present appeal...