Read all Latest Updates on and about section 143(1) of the Income Tax Act

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“Reason to Believe” Must Rest on Correct Facts: ITAT invalidates Reopening Based on Wrong Assumptions [Read Order]

Advika Dwivedi

The Bench of the Income Tax Appellate Tribunal (ITAT), Chandigarh, held that a reassessment initiated on the basis of incorrect facts and without...

Net Taxable Interest Higher Than Expense Bars Disallowance u/s. 14A: ITAT [Read Order]

Settled Issues against Income Tax Assessment Order passed u/s 143 not Challengable: Delhi HC...

Short Grant of Income Tax TDS Credit on Property Sale: ITAT Orders Refund of ₹37.88 Lakh Within One...

Supreme Court dismisses Condonation and SLP against Bombay HC Order regarding Aggregation of Royalty...

Wrong Reporting of PF/ESI Deposit Dates by Tax Auditor Causes Excess Disallowance: ITAT Directs AO to Verify and Restrict Only to Late Payments [Read Order]

The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ), in a matter of wrong reporting of PF/ESI employees’ contribution deposit dates by the tax auditor had resulted in a higher...

ITAT imposes ₹2k cost for unexplained delay in filing appeal and remands matter to AO for fresh adjudication of disallowance issue [Read Order]

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has imposed a cost of ₹2,000 on M/s. Udai Lal Mahabir Prasad for failing to explain the delay in filing its appeal and remanded the ...

Technical Dismissal Without Going into Merits Unsustainable: ITAT Restores back Case to Decide ₹52 Lakh Capital Loss Adjustment with Proper Reasoning [Read Order]

The Income Tax Appellate Tribunal ( ITAT ) Pune Bench has held that an appeal cannot be disposed of merely on a technical ground without adjudicating the substantive issue on merits, especially when...

Income Tax Update: CBDT Relaxes Time Limit for Processing Valid Returns Filed Electronically pursuant to orders u/s 119(2)(b) [Read Circular]

The Central Board of Direct Taxes ( CBDT ) has issued Circular No. 07/2025 dated 25th June 2025, relaxing the time limit for processing valid income tax returns filed electronically pursuant to...

CPC cannot Deny S. 80P Deduction to Cooperatives for AY 2018–19: ITAT clarifies Prima Facie Adjustment Begins from AY 2021–22 [Read Order]

The Kolkata Benchof Income Tax Appellate Tribunal (ITAT) held that the prima facie disallowance of deduction under Section 80P of the Income Tax Act, 1961, while processing returns under Sections...

CBDT Extends Processing Deadline for ITRs of AY 2023-24: Know Exemptions [Read Circular]

The Central Board of Direct Taxes ( CBDT), vide circular dated 9th June 2025 has extended the deadline for processing valid Income Tax Returns ( ITRs ) filed under Section 139 of the Income-tax...

CIT(A) Mistakenly Treated Private Company as Cooperative Society u/s 80P: ITAT remands Case [Read Order]

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) set aside the order of the Commissioner of Income Tax (Appeals) [CIT(A)] and directed a fresh examination, observing that Section 80P of...