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Relief u/s 89(1) on Salary Arrears Already Rectified: ITAT Deletes Addition, Holds CIT(A)’s Observation on Interest Income Infructuous [Read Order]

The Delhi bench of Income Tax Appellate Tribunal (ITAT) deleted the addition since the relief under Section 89 (1) had already been granted via the...

Limited Scrutiny Assessment: ITAT Deletes Rs. 8.68 Lakh Presumptive Income Addition u/s 44AD,...

ITAT Quashes S.148 Notices Due to Invalid Sanction and Failure to Satisfy S. 149(1)(b) Conditions...

RTI Reveals: MCA Discloses Who Has Access to Company Directors’ Personal Data [Read RTI]

Reassessment Based Solely on Audit Objection Constitutes Mere Change of Opinion: ITAT Quashes...

Search-Based Addition u/s 153A Unsustainable without Incriminating Material for Completed Assessments: ITAT Deletes ₹26.10 Lakh in Raj Shyama Construction Case [Read Order]

The Bench of the Income Tax Appellate Tribunal (ITAT), Delhi, held that an addition made under Section 153A of the Income Tax Act, 1961, cannot be sustained in the absence of incriminating material...

Mechanical Approval u/s. 153D Ispo Facto Invalidates Search Assessments: ITAT Grants Relief to Tavleen Resorts [Read Order]

The Bench of the Income Tax Appellate Tribunal, Delhi, has held that assessments framed under Section 153A of the Income Tax Act, 1961, based on mechanical approval under Section 153D, are invalid...

Intimation u/s 143(1) Quashed as Disallowance of Application of Funds Not Permitted for Charitable Trust: ITAT [Read Order]

The Cuttack Bench of the Income Tax Appellate Tribunal (ITAT) held that the intimation issued under Section 143(1) of the Income Tax Act was invalid and liable to be quashed, as the provision does...

Depreciation Cannot be Allowed if Cost of Acquisition Claimed: ITAT Remands for Verification of S.11(6) Compliance [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) remanded to the Assessing Officer (AO) to verify the factual claim that the cost of the depreciated assets had not been claimed as...

CBDT Threshold of ₹60 Lakh Leads to Dismissal of Revenue Appeal by ITAT [Read Order]

The bench of the Income Tax Appellate Tribunal, Kolkata, dismissed the Revenue’s appeal on the ground of low tax effect and consequently rendered the cross-objection filed by the assessee...

Navjyoti Education Society’s 80G Approval Dispute Remanded by ITAT for Reconsideration [Read Order]

The bench of the Income Tax Appellate Tribunal, Kolkata, directed the Commissioner of Income Tax (Exemptions) [CIT (Exemptions)], to re-examine the issue concerning a delayed application for...

GST ITC Admissible on Capital Goods Like Cables and Electrical Equipment Installed Outside Factory Premises: AAAR [Read Order]

The Gujarat Appellate Authority for Advance Ruling (AAAR) ruled that Input Tax Credit (ITC) under Goods and Services Tax Act, 2017 is admissible on capital goods such as cables and electrical ...

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