Income TaxITAT Cancels Reopening for AY 2015–16 as Income Was Below ₹50 Lakh and Notice Issued Beyond 3-Year Limit3 months agoITAT Cancels Reopening for AY 2015–16 as Income Was Below ₹50 Lakh and Notice Issued Beyond 3-Year Limit The Tribunal…
Income TaxThe approval U/s 153D must reflect material, findings and reasoning to show that the higher authority has applied his mind before granting approval: Mumbai ITAT.3 months agoThe approval U/s 153D must reflect material, findings and reasoning to show that the higher authority has applied his mind…
Income TaxAn apt representation on the arbitrary and mechanical invocation of Section 74 of the CGST Act by GST Audit Commissionerates and DGGI3 months agoAn apt representation on the arbitrary and mechanical invocation of Section 74 of the CGST Act by GST Audit Commissionerates…
Income TaxCIT(A) has the power and discretion to accept the revised figures during appellate proceedings3 months agoCIT(A) has the power and discretion to accept the revised figures during appellate proceedings The Mumbai ITAT, in Ramel…
Income TaxPrinciple of Consistency: ITAT directed to tax income from license fees as “Income from House Property”3 months agoPrinciple of Consistency: ITAT directed to tax income from license fees as “Income from House Property” Kolkata Tribunal in…
Income TaxImproper assumption of jurisdiction without a proper transfer order u/s 127: ITAT Delhi quashed the Assessment Order3 months agoImproper assumption of jurisdiction without a proper transfer order u/s 127: ITAT Delhi quashed the Assessment Order Recently, in the…
Income TaxExpenses crystallized during the relevant year is not prior-period expenses3 months agoExpenses crystallized during the relevant year is not prior-period expenses The Tribunal in the case of Delhi Tribunal: Dixon…
Income TaxReassessment is invalid as PCIT approval is mechanical and on vague Reasons: ITAT Kolkata3 months agoReassessment is invalid as PCIT approval is mechanical and on vague Reasons: ITAT Kolkata The ITAT Kolkata allowed the appeal…
Income TaxDeduction towards CSR Expenditure for scientific research allowed U/s 35 as it is covered by Section 35 which is independent and are not overridden by Explanation 2.3 months agoDeduction towards CSR Expenditure for scientific research allowed U/s 35 as it is covered by Section 35 which is independent…
Income TaxIncome Tax Refund: Refund Principles of natural justice and fair play should be followed- Bombay HC3 months agoIncome Tax Refund: Refund Principles of natural justice and fair play should be followed- Bombay HC Bombay HC in…
Income TaxCash is No Longer King: How the Income-Tax Act is making you Digital3 months agoCash is No Longer King: How the Income-Tax Act is making you Digital Cash transactions are under the scanner…
Income TaxLoose papers cannot be considered as admissible evidence for making an addition unless backed by independent corroborative material.3 months agoLoose papers cannot be considered as admissible evidence for making an addition unless backed by independent corroborative material. Recently, ITAT…
Income TaxAn overview of the Key Changes in ITR Forms for AY 2025–263 months agoAn overview of the Key Changes in ITR Forms for AY 2025–26 The Income Tax Department has notified several…
Income TaxIf the tax effect as per the computation form provided by AO is below Rs. 60 lakhs, the appeal is liable to be dismissed on the ground of low tax effect: Delhi ITAT3 months agoIf the tax effect as per the computation form provided by AO is below Rs. 60 lakhs, the appeal is…
Income TaxHyderabad ITAT deleted demonetization cash deposit addition as no concrete basis existed for treating the higher sales in that month as fictitious3 months agoHyderabad ITAT deleted demonetization cash deposit addition as no concrete basis existed for treating the higher sales in that month…
Income TaxDocuments signed by 3rd party cannot be held to be colorable devise without verification.3 months agoDocuments signed by 3rd party cannot be held to be colorable devise without verification. Recently, ITAT in one of the…
Income TaxIf the notice is digitally signed on 01-04-2021 at 12.45 am then such notice is barred by the limitation u/s 148: ITAT Rajkot3 months agoIf the notice is digitally signed on 01-04-2021 at 12.45 am then such notice is barred by the limitation u/s…
Income TaxUnsigned & Unverified papers cannot form the basis for addition u/s 69B3 months agoUnsigned & Unverified papers cannot form the basis for addition u/s 69B Recently, ITAT DELHI:-SHYAM SUNDER BANG VERSUS ACIT…