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

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Addition u/s 69A made by AO without Bringing any Concrete Evidence Incriminating the assessee not Sustainable: ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) Mumbai deleted an addition of Rs. 2 crore made under Section 69A of the Income Tax Act,...

Delhi HC Quashes ₹2,000 Cr Income Tax Notice against Maruti Suzuki, Declares It Time-Barred [Read...

Failure to Serve Notices at Correct Address: ITAT orders Reassessment of Unexplained Deposits and...

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]

The Raipur Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the assessment orders for Amit Kumar Gupta for the assessment years 2011-12 and 2012-13, noting a jurisdictional lapse in...

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

The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the matter to the Assessing Officer (AO) for review, following an appeal against the confirmation of a Rs. 42.72 lakh addition...

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...

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