Read all Latest Updates on and about Section 142(1) of the Income Tax Act

Top

Begin typing your search above and press return to search.

Home
»
Section 142(1) of the...

Non-Response to Notices u/s 142(1): ITAT Imposes Cost of Rs. 10,000 on Foreign Portfolio Investor [Read Order]

Killamsetty Rasmita

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) recently upheld the imposition of a cost of Rs. 10,000 on a foreign portfolio investor...

Amalgamating Entity Ceases to Exist upon Approved Scheme of Amalgamation: Gujarat HC quashes...

Capital Gain Tax paid by Wife need not be taxed again for Husband: ITAT deletes Income Tax Addition...

Notices of Hearing not received on Grounds of Technical Glitches in ITBA Portal : ITAT Directs Fresh...

SCN Issued did not Accord 7 Days to File Response: Delhi HC sets aside Assessment Order [Read Order]

ITAT restores matter to consider Source of Cash Deposited with Sale Proceeds of LPG Cylinder during Demonetization [Read Order]

The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) held that in the interest of justice and equity an opportunity should be granted to the assessee to prove the source of cash deposits and...

No addition can be made on Immovable Property purchased out of Gifts received from Relatives: ITAT directs Re-adjudication [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) ruled that no addition could be made on immovable property purchased out of gifts received from relatives. Therefore, the bench directs...

Disallowance u/a 40A (3) is not applicable when Payment was by Account Payee Cheque or Account Payee DD: ITAT [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that disallowances under Section 40A (3) of the Income Tax Act, 1961 are not applicable when payment was by account payee cheque or...

Power of Attorney should be verified in Sale of an Inherent Property: ITAT sets aside the Assessment Order [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that the power of attorney should be verified in the sale of an inherent property. The assessee is a housewife earning income...

ITAT sets aside Assessment Order passed without giving Opportunity to Assessee [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) set aside the assessment order passed violating the principles of natural justice. The Assessee, Satish has raised multiple grounds and...

AO wrongly invoked Section 50C (1) of Income Tax Act: ITAT dismisses Appeal [Read Order]

The Chandigarh bench of the Income Tax Appellate Tribunal (ITAT) held that the Assessing Officer (AO) has wrongly invoked Section 50C (1) of the Income Tax Act, 1961. The Assessee, Lachu Ram case...

Mere Citing of Different PAN by Assessee and Assessing Officer Cannot be Ground for Dismissal of Appeal: ITAT [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that mere citing of different Permanent Account Number (PAN) by the assessee and assessee officer could not be a ground for dismissal...

Prev Page Next Page