Read all Latest Updates on and about Section 143(2) of the Income Tax Act

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Bombay HC quashes Income Tax Notice Issued u/s 148 which was beyond the time period specified under statute [Read Order]

Yogitha S. Yogesh

In a recent case, the Bombay High Court has quashed the notice issued under section 148 of the Income Tax Act, 1961 which was issued beyond the...

Limitation Period Expired: Delhi HC Quashes Income Tax Reassessment Proceedings [Read Order]

No Clear Finding on Merits: ITAT Directs CIT(A) to Decide the Matter Afresh [Read Order]

Delhi HC Upholds RPM for Distributor Reselling Unmodified Goods without Value Addition [Read Order]

ITAT Quashes Assessment Order as Notice u/s 143(2) Sent to Wrong Address [Read Order]

CIT(A) deletes additions on Unsecured Loans after considering additional evidence: ITAT set asides order for violation of Rule 46A [Read Order]

The Raipur Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the order of the Commissioner of Income Tax (Appeals) [CIT(A)], citing a violation of Rule 46A of the Income Tax Rules,...

Disallowance of Rs. 2.97 Crore as Bogus Expenditure u/s 69C: ITAT Upholds 10% Disallowance [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) upheld a 10% disallowance of Rs. 29.71 lakh out of Rs. 2.97 crore claimed as bogus expenditure under section 69C of Income Tax Act,1961,...

₹5.98 Lakh Addition due to Clerical Error in Depreciation: ITAT sets aside for Re-examination [Read Order]

The Raipur Bench of Income Tax Appellate Tribunal (ITAT) set aside the addition of ₹5.98 lakh made due to a clerical error in depreciation for re-examination. Panchsheel Solvent Pvt....

₹278.67 Crore Addition on Ex-Andhra CM Y.S. Jagan Mohan Reddy Scrapped by ITAT Over Insufficient Evidence [Read Order]

The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) has struck down an addition of ₹278.67 crores imposed on former Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy. The tribunal...

ITAT Directs TPO to Reassess Intra-Group Service Payments and Arm's Length Pricing due to Insufficient Evidence [Read Order]

The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) directed the Transfer Pricing Officer ( TPO ) to reassess the intra-group service payments and determine the arm's length price ( ALP )...

Unexplained Cash Credits of Rs. 12.83 Crores Added u/s 68: ITAT Upholds CIT(A)'s Deletion [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the decision of the Commissioner of Income Tax(Appeals) [ CIT(A) ] in deleting the addition of Rs. 12.83 Crores made by the...

Capital Gains Tax Applies to Owner Proven by Registered Sale Deeds: ITAT [Read Order]

The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that capital gains tax applies to the owner as proven by registered sale deeds. Ranganath Ashok Meharwade,appellant-assessee,...