ITAT sets aside Penalty, Orders Fresh Proceedings after Reconsideration of Quantum Addition [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the penalty imposed under Section 271AAB of the Income Tax Act,1961 and ordered fresh proceedings after the…

Continue ReadingITAT sets aside Penalty, Orders Fresh Proceedings after Reconsideration of Quantum Addition [Read Order]

ITAT directs CIT (E) to Reconsider 80G Registration Application on Merits Despite Clerical Error and Delay [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) directed the Commissioner of Income Tax ( Exemption ) [CIT(E)] to reconsider the 80G registration application under Income Tax…

Continue ReadingITAT directs CIT (E) to Reconsider 80G Registration Application on Merits Despite Clerical Error and Delay [Read Order]

ITAT remands Case to CIT(E) for Re-examination due to Insufficient Hearing Notice [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case to the Commissioner of Income Tax (Exemptions) [CIT(E)] for re-examination, citing an insufficient hearing notice period.…

Continue ReadingITAT remands Case to CIT(E) for Re-examination due to Insufficient Hearing Notice [Read Order]

ITAT Restores Matter to AO for Fresh Assessment, allowing Assessee to Submit Additional Evidence [Read Order]

Top Stories ITAT Restores Matter to AO for Fresh Assessment, allowing Assessee to Submit Additional Evidence [Read Order] The ITAT found that the CIT(A) had wrongly dismissed the additional documents…

Continue ReadingITAT Restores Matter to AO for Fresh Assessment, allowing Assessee to Submit Additional Evidence [Read Order]

Income Tax Dept. Fails to Grant Full TDS Credit: Madras HC directs Refund of Differential TDS Amount Within 2 Months [Read Order]

In a recent ruling, the Madras High Court directed the Income Tax Department to refund the differential amount within two months in a dispute where the department had failed to…

Continue ReadingIncome Tax Dept. Fails to Grant Full TDS Credit: Madras HC directs Refund of Differential TDS Amount Within 2 Months [Read Order]

ITAT upholds AO’s Addition of Rs. 9.65 Lakh u/s 56(2)(x) as Gift not Qualifying from a Relative [Read Order]

Top Stories ITAT upholds AO’s Addition of Rs. 9.65 Lakh u/s 56(2)(x) as Gift not Qualifying from a Relative [Read Order] The Tribunal concluded that the AO correctly assessed the…

Continue ReadingITAT upholds AO’s Addition of Rs. 9.65 Lakh u/s 56(2)(x) as Gift not Qualifying from a Relative [Read Order]