Read all Latest Updates on and about section 250 of the Income Tax Act

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Failure to consider Benefit of working capital adjustment while computing ALP: ITAT Directs re adjudication against Schneider Electric India Pvt ltd [Read Order]

Yogitha S Yogesh

The New Delhi bench of the Income Tax Appellate Tribunal(ITAT) directed the re adjudication against the case of Schneider Electric India Private...

Interest/Dividend Income received from co-operative bank is deemed to have received from cooperative...

Failure to consider Benefit of working capital adjustment while computing ALP: ITAT Directs re...

Denial of Hearing Despite Prior Direction of Coordinate Bench: Calcutta HC Sets Aside Income Tax...

ITAT Condones Delay and Restores Appeal for Fresh Adjudication Due to Lack of Natural Justice in...

Invalid Service of Notice as Opted No For Email in Form-35: ITAT Overturns Ex Parte Dismissal, Remands Matter [Read Order]

The Raipur Bench of the Income Tax Appellate Tribunal (ITAT) overturned an ex-parte dismissal by the Commissioner of Income Tax (Appeals) [ CIT(A) ] citing invalid service of notices, as the...

ITAT Remands Case for Fresh Hearing Despite Assessee Fails to Respond to Notices Four Times, w/o any Reasons [Read Order]

In a recent ruling, the Kolkata bench of the Income Tax Appellate Tribunal (ITAT) granted the assessee one more opportunity to be heard, despite the assessee having ignored notices from the...

Failure to Give Opportunity of Hearing: Kerala HC Sets Aside Income Tax Order Against Kerala Minerals & Metals [Read Order]

In a recent case, the Kerala High Court set aside the income tax order against Kerala Minerals and Metals as the department failed to give the opportunity of a hearing while passing the order. ...

Kerala high court - kerala minerals and metals tax - Taxscan

Tax Effect Below CBDT Limit: ITAT dismisses Revenue Appeal [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal(ITAT)dismissed the revenue’s appeal since the tax effect, as shown in Form-36, was zero and fell below the ₹60,00,000 limit set by the Central Board...

ITAT Directs Reassessment of Ex-Parte Dismissal u/s 250 of Income Tax Act: Criticizes Negligence of Non-Compliance of Taxpayers [Read Order]

In a recent case, the Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) set aside an order passed by the Commissioner of Income Tax (Appeals) [ CIT(A) ], National Faceless Appeal Centre (...

Three-Day Delay in Filing Appeal During COVID Period: ITAT Sets Aside CIT(A) Order [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the Commissioner of Income Tax(Appeals) [CIT(A)] order, agreeing that the three-day delay in filing the appeal during the COVID...

Verification Failures in Disputed Purchases and Labour Expenses: ITAT upholds 12.5% Addition on Alleged Bogus Purchases [Read Order]

In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the 12.5% addition on alleged bogus purchases due to verification failures in disputed purchases and labour...