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Cash Received from Members of Society is Source of deposit: ITAT Remits ₹29.46 Lakh Matter for filing Evidences [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) remitted the issue of an addition of ₹29,46,500/- under Section 69A read with Section...

Buyer’s TDS Error on Joint Ancestral Property Won’t Deny Father Full Credit: ITAT [Read Order]

Charter Hire Charges Disputed as Royalty Instead of Presumptive Income: ITAT Restores Matter to DRP...

Lawyer’s Office in Residential Basement not a ‘Commercial Activity’: Delhi HC quashes NDMC...

GST Annual Return GSTR-9 and Reconciliation Statement GSTR - 9C: GSTN answers FAQs [Read FAQ Here]

Cash Deposits of ₹30.65 Lakh During Demonetization Claimed as Gift from Deceased Grandmother: ITAT Deletes Addition u/s 69A [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition of ₹30.65 lakh, deposited during demonetization and claimed as a gift from the deceased grandmother, under Section 69A of...

Addition of Rs. 76.10 Lakh on Alleged Bogus Purchases u/s 69C: ITAT Directs Addition at 5% GP on Verified Purchases [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) directed that the addition of Rs. 76.10 lakh on alleged bogus purchases under section 69C of Income Tax ACt,1961 be computed at 5% gross ...

ITAT Deletes Addition of Rs. 5,30,252, Holds Agricultural Income cannot be Determined on Assumptions [Read Order]

The Nagpur Bench of Income Tax Appellate Tribunal ( ITAT ) deleted an addition of Rs. 5,30,252 made by the Assessing Officer (AO), holding that agricultural income could not be determined based on...

Credit Card Payments Treated as Unexplained Investment u/s 69C:ITAT Deletes ₹21.69 Lakh Addition

The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition of ₹21.69 lakh treating credit card payments as unexplained investment under section 69C of Income Tax Act,1961.Mahendra...

TDS on Referral Commission: ITAT Rules S.194D Not Applicable, Deletes Disallowance of Rs. 2.92 Lakh u/s 40(a)(ia) [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) deleted a Tax Deducted at Source (TDS) related disallowance of Rs. 2.92 lakh made under section 40(a)(ia) of Income Tax Act,1961 in respect...

ITAT Allows Full Rs. 8.55 Lakh Commission Paid by CA to Referral Agents, Holding Ad Hoc 30% Disallowance Unsustainable [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the full Rs. 8.55 lakh commission paid by a Chartered Accountant (CA) to 14 referral agents for identifying potential insurance ...

Delhi HC Rules S.69(2) of Partnership Act cannot Bar Unregistered Firm from Challenging CGST Demand or Enforcing Statutory Rights [Read Order]

The High Court of Delhi ruled that Section 69(2) of the Indian Partnership Act,1932 could not bar an unregistered partnership firm from challenging a Central Goods and Service Tax ( CGST ) demand...

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