Read all Latest Updates on and about section 143(3) of the Income Tax Act

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Shree Cement Hit with ₹588.65 Crore Income Tax Demand Over Assessment Disallowances

Kavi Priya

Shree Cement Limited, one of India’s leading cement manufacturers, has reported receiving a final assessment order from the Income Tax Department,...

No Justification for Withholding Income Tax Refund: Madras HC Directs Rs. 92 Lakh Payout with...

No Reopening of Income Tax Assessment w/out Failure to Disclose Fully and Truly all Material Facts...

ITAT Deletes ₹9.9 Cr Income Tax Addition Over AO’s Profit Overestimation and Unsubstantiated Loans...

Minor’s Income Already Clubbed in Mother’s Return Cannot Be Re-opened in Father’s Hands: ITAT...

AO has No Jurisdiction to Ignore CIT(A)’s Order even by Relying on Subsequent Supreme Court Decision: Delhi HC [Read Order]

In a recent ruling, the Delhi High Court has ruled that the Assessing Officer ( AO ) has no jurisdiction to ignore the order of the Commissioner of Income Tax (Appeals) [CIT(A)] even by relying on...

Income Tax Dept Admits Bonafide Error in Denying Requested Video Conference Hearing: Bombay HC remands for fresh Assessment [Read Order]

The Bombay High Court has set aside an assessment order, after the Income Tax Department admitted it had committed a bonafide error by failing to grant the taxpayer a hearing through video...

ITAT dismisses Appeal as Taxpayer Opts for Settlement under Vivad Se Vishwas Scheme with Liberty to Restore [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) dismissed an appeal after the assessee opted to settle the pending dispute under the Vivad Se Vishwas Scheme (VSVS), 2024. The Tribunal,...

Relief to Owner of Taj Hotel Group: ITAT Sets Aside Income Tax Reassessment action Initiated [Read Order]

In a ruling in favour of the owner of Taj Hotel Group, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has set aside a reassessment action initiated under the Income Tax Act, 1961. ...

PCIT Revision Order: ITAT Rules Assessment Order not erroneous, Rules Unexplained Money matter Properly Verified [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) quashed the revisionary order passed by the Principal Commissioner of Income Tax (PCIT), ruling that the assessment order was not...

Timely Payment of Appeal Fee: ITAT Remands Case to CIT(A) for Fresh Adjudication After Condoning 5-Day Delay [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the matter back to the Commissioner of Income Tax (Appeals) [CIT(A)] for denovo meritorious adjudication after condoning a...

ITAT Remits matter back to AO as Assessee was denied Sufficient Time to Respond [Read Order]

The ITAT Raipur bench of the Income Tax Appellate Tribunal ( ITAT ) remitted the income tax matter to the file of the assessing officer (AO) as the assessee was not given sufficient time to reply. ...