The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the Revenue’s appeal against the addition of ₹31.15 lakh as unexplained cash credit, upholding the deletion by the Commissioner of Income…
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) quashes the revision order passed under Section 263 of Income Tax Act,1961, holding that the Assessing Officer (AO) had verified the donations…
The Cuttack Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the order of the Commissioner of Income Tax(Appeals) [CIT(A)] and condoned a 99-day delay in filing appeals for Assessment Years (AYs)…
The Cuttack Bench of the Income Tax Appellate Tribunal (ITAT) has overturned the addition of Rs. 5,01,500 made by the Assessing Officer (AO) under Section 69A of the Income Tax Act, 1961…
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) dismissed the Revenue’s appeal and upheld the deletion of a Rs. 6.80 crore addition made under Section 69A of the Income Tax Act,…
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has remanded a case back to the Assessing Officer (AO) for fresh adjudication after the assessee submitted additional documents, including cash summaries,…
An individual has shared an extraordinary experience of getting two Income Tax Returns ( ITRs ) processed within just three hours of filing and the refund also credited to respective bank accounts…
The Department of Financial Services, Ministry of Finance, has officially notified the introduction of the Unified Pension Scheme (UPS) as an option under the National Pension System (NPS) for recruits to…
The High Court of Madras remanded the challenge on nature of the property as agricultural land or not towards the Debt Recovery Appellate Tribunal, Chennai (“DRAT”) on finding that the tribunal…
The New Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) has allowed Customs Duty exemption on HIV-VL test kits as it qualifies as life-saving diagnostic kits. The…