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Prakash Chand Yadav...

Co-op Bank Fails to Prove Identity and Creditworthiness of Depositors: ITAT upholds S. 68 addition and dismisses claim u/s 80P(2)(i)(a) [Read Order]

Saagarika Gopinath

The Cochin bench of the Income Tax Appellate Tribunal (ITAT) dismissed the appeals filed by Peeroorkada Service Co-operative Bank Ltd and upheld the...

Delay In Filing Income Tax Appeal Due to Auditor's Death: ITAT Condones 338 Days of Educational...

Relief for IMA Kerala: ITAT Holds Revision u/s 263 Unjustified as AO Took Plausible View on...

Disallowance of Construction Cost for Lack of Documentary Evidence: ITAT Restricts Addition to Rs....

Relief to Skyline Builders: ITAT Allows Deduction u/s 80IB(10), Holds Firm as Builder/Developer, Not...

LLP Income from Mutual Funds Exempt from Tax: ITAT Orders Verification

The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) restored the matter for verification of the LLP’s mutual fund income exemption from tax claim after considering the documents submitted...

AO Denies Immunity from Penalty for Late Filing of Form 28: ITAT Restores Matter as CIT(A) fails to decide on merits [Read Order]

The Cochin Bench of the Income Tax Appellate Tribunal (ITAT) restored the matter, stating that the Commissioner of Income Tax (Appeals) [CIT(A)] failed to decide the immunity application regarding...

Denial of Immunity from Penalty u/s 270A to Co-operative Bank: ITAT Remands Matter to AO [Read Order]

The Cochin Bench of Income Tax Appellate Tribunal ( ITAT ) restored the matter to the Assessing Officer (AO) after noting that the denial of immunity from penalty under Section 270A of Income Tax...

Setback to Sony India as ITAT dismisses Low Tax Effect Plea in non-TDS/TCS Deduction in Double Taxation Matter [Read Order]

The Income Tax Appellate Tribunal (ITAT), Bangalore bench, has recently dismissed Sony India Software Centre Pvt. Ltd.'s plea to quash a tax dispute based on low tax effect, ruling that the matter...

AI proposes, Tribunal Disposes! Bengaluru ITAT Bench in Soup after AI-generated Order cites non-existent Cases [Read Order]

In a shockingly interesting incident, the Bengaluru bench of the Income Tax Appellate Tribunal (ITAT) was forced to withdraw a tax ruling after discovering that it was based on legal precedents that...

ITAT Rejects DVO Valuations, Ensures Equal Treatment Among Co-owners [Read Order]

In a recent ruling, the Bangalore Bench of the Income Tax Appellate Tribunal( ITAT) rejected DVO valuations and ensured equal treatment among co-owners. Rita Goel, the assessee, had filed her...

TPO already made Adjustments on Information & Technology Fees: ITAT deletes AO's Protective Addition [Read Order]

The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) deleted the protective addition made by the Assessing Officer (AO) because the Transfer Pricing Officer (TPO) had already made...