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S. Rifaur Rahman

Penalty under Income Tax cannot be Sustained Independently when Additions are Deleted: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Agra Bench held that penalties under the Income Tax Act, 1961 cannot survive independently when the ...

Owning Multiple Houses Breaks Section 54F Claim: ITAT Clarifies ‘One Residential House’ Rule [Read...

S. 69A cannot be Invoked to Tax Commission on Seized Documents: ITAT Directs AO to Treat 20% of...

Relief for Dabur India: ITAT Rules PCIT Erred in Setting Aside Assessment for Inadequate Enquiry...

Intra-Group Services Not Stewardship: ITAT Deletes ₹28.74 Cr TP Adjustment for Corteva Agriscience...

Rs 1.90 Crore FDR Renewal Not a Fresh Investment: ITAT Upholds Deletion of Addition u/s 69 [Read Order]

The Delhi bench of Income Tax Appellate Tribunal deleted the addition of Rs 1.90 Crore under Section 69, observing that the amount was a renewal of earlier FDs made to secure bank guarantees and no...

‘It is not the duty of the tax authorities to direct how a business should be handled’: ITAT deletes Addition by AO on Account of Low GP Rate. [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Delhi Bench has held that tax authorities cannot sit in the armchair of a businessman and direct how business should be conducted, while deleting an...

Mere Presence of Blank Cheque w/o any other Evidence to show Assessee Earned any Income: ITAT upholds Deletion of Addition [Read Order]

The Delhi Bench “A” of the Income Tax Appellate Tribunal (ITAT) has held that mere possession of undated or blank cheques, without corroborative evidence of income generation or any underlying...

Capital Creditors reflected in FY 2015-16 Mistakenly Shown as Trade Payables in FY 2016-17: ITAT upholds Deletion [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the deletion of an addition exceeding ₹11 crore made by the Assessing Officer (AO) towards alleged unexplained trade payables....

ITAT Upholds CIT(A) Order: No Addition u/s 68 for Share Capital and Unsecured Loans as Assessee Proves Identity, Creditworthiness, and Genuineness [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has dismissed an appeal filed by the Revenue against Signature Global (India) Pvt. Ltd., ruling in favor of the assessee on issues related to...

Depression & Father’s Death Lead ITAT to Grant Relief; ₹4.16Cr Demonetization Case Sent Back for Fresh Assessment [Read Order]

The Income Tax Appellate Tribunal (ITAT) Delhi bench has granted relief in a ₹4.16 crore demonetization case, citing mental health struggles and family bereavement as valid reasons for procedural...

Payment from Sale of Shares Deposited in Bank Account: ITAT rules No Reason to add Capital Gains Unexplained Cash Credit u/s 68 of Income Tax Act [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) ruled that there is no reason to add capital gains as unexplained cash credit under Section 68 of the Income Tax Act, 1961 as the payment...