Category: Income Tax Cases

https://taxguru.in/income-tax/calcutta-hc-sets-aside-section-148ad-order-violation-natural-justice.html Clipped from: https://taxguru.in/income-tax/calcutta-hc-sets-aside-section-148ad-order-violation-natural-justice.html Sushil Jaiswal Vs Union of India (Calcutta High Court) In the case of Sushil Jaiswal Vs Union of India, the Calcutta High

Clipped from: https://www.taxscan.in/failure-to-explain-credit-card-payments-with-supporting-documentary-evidence-itat-deletes-partial-addition/302781/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Failure%20to%20explain%20Credit%20Card%20Payments%20with%20Supporting%20Documentary%20Evidence:%20ITAT%20Deletes%20partial%20Addition By Aparna. M – On July 23, 2023 11:30 am – 2 mins read The Income Tax Appellate Tribunal (ITAT) Hyderabad Bench held that the assessee failed to explain the credit

Clipped from: https://www.taxscan.in/issue-of-notice-u-s-1432-of-income-tax-act-is-mandatory-requirement-for-framing-reassessment-order-not-curable-as-per-s-292bb-act-itat/302795/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Issue%20of%20Notice%20u/s%20143(2)%20of%20Income%20Tax%20Act%20is%20mandatory%20requirement%20for%20framing%20reassessment%20order,%20not%20curable%20as%20per%20S.292BB%20Act:ITAT By Aparna. M – On July 23, 2023 12:30 pm – 2 mins read The Income Tax Appellate Tribunal (ITAT) Delhi Bench ruled that issue of notice under Section 143(2) of

https://taxguru.in/excise-duty/invocation-extended-period-limitation-absence-intention-evade-duty-unsustainable.html Clipped from: https://taxguru.in/excise-duty/invocation-extended-period-limitation-absence-intention-evade-duty-unsustainable.html Pawan Kumar Sharma Vs Commissioner (Meghalaya High Court) Meghalaya High Court held that extended period of limitation as per proviso to section

Clipped from: https://www.taxscan.in/assessment-order-passed-in-violation-of-natural-justice-principle-itat-remands-matter-to-cita/302340/ The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has allowed the appeal of an assessee and remanded the matter back to the Commissioner

Read More: https://www.taxscan.in/only-profit-element-of-bogus-purchase-can-be-added-to-taxable-income-under-income-tax-act-when-assessee-reconciled-the-stock-bombay-hc/301700/ Clipped from: https://www.taxscan.in/only-profit-element-of-bogus-purchase-can-be-added-to-taxable-income-under-income-tax-act-when-assessee-reconciled-the-stock-bombay-hc/301700/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Only%20Profit%20Element%20of%20Bogus%20Purchase%20can%20be%20Added%20to%20Taxable%20Income%20Under%20Income%20Tax%20Act%20when%20Assessee%20Reconciled%20the%20Stock:%20Bombay%20HC The Bombay High Court has held that only the profit element of a bogus purchase can be added to taxable income

https://taxguru.in/income-tax/incorrect-claim-deduction-expenses-itr-amount-concealment-income-furnishing-inaccurate-particulars-itat-sets-nfac-order.html Clipped from: https://taxguru.in/income-tax/incorrect-claim-deduction-expenses-itr-amount-concealment-income-furnishing-inaccurate-particulars-itat-sets-nfac-order.html Kongnoli Sarva Seva Society Ltd Vs ITO (ITAT Pune) Introduction: The Income Tax Appellate Tribunal (ITAT) in Pune recently delivered an impactful ruling

https://taxguru.in/income-tax/cash-deposit-sum-received-mother-in-law-itat-directs-re-adjudication.html Clipped from: https://taxguru.in/income-tax/cash-deposit-sum-received-mother-in-law-itat-directs-re-adjudication.html Pawanveer Singh Vs ITO (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT) of Delhi recently delivered a crucial order in the Pawanveer

https://taxguru.in/excise-duty/mere-chartered-accountants-certificate-documentary-evidence-sufficient-duty-treatment-obsolete-stock.html Clipped from: https://taxguru.in/excise-duty/mere-chartered-accountants-certificate-documentary-evidence-sufficient-duty-treatment-obsolete-stock.html Owens Corning India Ltd Vs Commissioner of Central Tax (CESTAT Mumbai) CESTAT Mumbai in the matter of obsolete stock usage vis-à-vis reversal

https://taxguru.in/income-tax/rejection-books-accounts-gross-profit-rate-unsustainable.html Clipped from: https://taxguru.in/income-tax/rejection-books-accounts-gross-profit-rate-unsustainable.html ACIT Vs Omshree Agrotech Private Ltd (ITAT Pune) ITAT Pune held that rejection of books of accounts invoking provisions of section 145(3)

Clipped from: https://www.taxscan.in/delay-in-filing-appeal-due-to-medical-treatment-itat-condones-delay-of-259-days/299600/ The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that delay in filling appeal due to medical treatment and condones a delay of

Clipped from: https://www.taxscan.in/excess-stock-and-excess-cash-found-during-survey-proceedings-are-recorded-in-books-of-account-itat-upholds-surrendered-income-as-business-income/300751/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Excess%20Stock%20and%20Excess%20Cash%20found%20during%20Survey%20Proceedings%20are%20recorded%20in%20Books%20of%20Account:%20ITAT%20Upholds%20surrendered%20income%20as%20Business%20Income By Aparna. M – On July 17, 2023 5:30 pm – 2 mins read The Income Tax Appellate Tribunal (ITAT) Pune Bench while upholding the business income which surrendered after the

https://taxguru.in/income-tax/income-shown-assessee-credit-tds.html Clipped from: https://taxguru.in/income-tax/income-shown-assessee-credit-tds.html BAE Systems Information & Electronic Systems Integration Inc Vs ADIT (ITAT Delhi) ITAT Delhi held that if the assessee has shown the