Read all Latest Updates on and about Section 147 of the Income Tax Act

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Failure to Serve Notices at Correct Address: ITAT orders Reassessment of Unexplained Deposits and Income [Read Order]

Eeva Mary Sanil

The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) recently set aside the assessment order against the assessee, citing violations of...

ITAT Sets Aside ₹4.16 Cr Tax Addition, Citing Misinterpretation of Section 69A and Procedural Lapse...

ITAT Quashes Reopening based on Investigation Wing’s Information without Independent Verification,...

ITAT sets aside Assessment Orders due to Jurisdictional Lapse in Transfer of Case [Read Order]

Rs. 42.72 Lacs Addition for Cash Deposits during Demonetization: ITAT Remands Case to AO [Read...

ITAT slaps ₹10,000 Cost on Assessee for Failure to Justify Non-Compliance in Appellate Stage while remitting ex-parte NFAC Order [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) recently delivered a bittersweet decision for an Appellant, slapping a cost of ₹10,000 on the Assessee for not adequately...

Verification of Cash Deposits as Trust Income: ITAT Remands Matter to AO [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) remanded the matter to the Assessing Officer (AO) for verification of cash deposits as trust income. Bhiwandi Nizampur Nagarpalika...

Cash Deposits during Demonetization: ITAT confirms Addition of ₹1.10 Cr u/s 69A and 115BBE of Income Tax Act [Read Order]

The Patna bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of Mr Dharmendra Kumar confirmed the addition made by the assessing officer ( AO ) as unexplained income under Section 69A...

Procedural Lapse in ₹14.6 Cr Income Tax Dispute: ITAT directs Reassessment for NRI Taxpayer [Read Order]

In a recent ruling, the Bangalore bench of the Income Tax Appellate Tribunal (ITAT) remanded the case back to the assessing officer (AO) in an appeal around the addition of ₹1.46 Cr, made on alleged...

ITAT Rules in favor of Assessee, Citing benefit of Doubt in Fraudulent Activity Case [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ) has given a significant reprieve to an assessee who had been accused of making unexplained cash deposits. The ITAT has remanded the case...

CIT(A) Confirms Addition on unexplained Share Investments due to Lack of Evidence: ITAT Directs Taxpayer to Furnish Proof, Remands Matter [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the matter concerning the addition of unexplained investments in shares, directing the taxpayer to provide relevant proof to...

No Extended Period to Reopen Income Tax Assessment after 10 months from Limitation: Bombay HC [Read Order]

In a notable judgment, the Bombay High Court held that the extended period for reopening of Income Tax Assessment cannot be done following a period of 10 months from the expiry of the statutory...

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