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Non Compliance to Income Tax Notices Due to working in Saudi Arabia: ITAT Remands Rs.1.90 Cr Matter for Fresh Adjudication [Read Order]

The Lucknow Bench of the Income Tax Appellate Tribunal (ITAT) has remanded a case involving an addition of Rs. 1,90,90,465 back to the Assessing...

Non-Payment of Advance Tax Makes S.249(4)(b) of Income Tax Act Inapplicable: ITAT [Read Order]

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

Failure to Consider Assessee's Delay Condonation Request u/s 249(3): ITAT Remands Case to CIT(A)...

ITAT Directs Deletion of Rs 28.57 Lakh Addition, Says AO Failed to Follow Due Process [Read Order]

Taxpayer Must Disclose Cash-in-Hand, Bank Balances, and Receivables Even Under Presumptive Taxation Scheme: ITAT [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) ruled that a taxpayer must disclose cash-in-hand, bank balances, and receivables even under the Presumptive Taxation Scheme, rejecting the...

ITAT Weekly Round - Up [Feb 1st-Feb 7th,2025]

This weekly round-up analytically summarises the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan during the previous week from February 1st to February 7th. ...

Cash Deposits during Demonetisation: ITAT deletes Addition u/s 69A of Income Tax Act [Read Order]

In a recent case, the Lucknow Bench of the Income Tax Appellate Tribunal (ITAT) deleted the additions made by the assessing officer (AO) on certain cash deposits made during demonetisation. The...

ITAT rules against S.80P Income Tax Exemptions for Cooperative Societies on Interest from Nationalized Banks: ITAT [Read Order]

In a noteworthy ruling, the Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) held that cooperative societies are not eligible to avail tax exemptions under Section 80 of the Income Tax...

ITAT Dismisses Duplicate Appeal Due to Online and Physical Filing [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal (ITAT) Chennai Bench, dismissed a duplicate appeal filed by Buckman Laboratories (India) Pvt. Ltd. for the Assessment Year 2018-19. The appeal...

ITAT Provides Relief in ₹118 Lakhs Cash Deposit Case: Lowers Income Estimation to 2% Margin for Ticket Agent [Read Order]

In a recent case, the Chennai Bench of the Income Tax Appellate Tribunal (ITAT) relieved a ticket agent by lowering the income estimation to a 2% margin. The assessee made the appeal to the ITAT...

Ex-Parte Order Over Unexplained Income: ITAT Remands 1.41 Cr Tax Dispute to CIT(A) [Read Order]

In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) remanded the case back to the AO, stating that the order made by tax authorities was taken Ex-parte, which violated...

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