https://taxguru.in/income-tax/ex-parte-order-passed-submission-non-speaking-order.html Clipped from: https://taxguru.in/income-tax/ex-parte-order-passed-submission-non-speaking-order.html Leela Devi Jain Vs ITO (ITAT Jaipur) ITAT Jaipur held that ex-parte order passed without considering and dealing with the submission of
Category: Income Tax Cases
👍👍👍👍👍The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the income earned by the co-operative society is eligible for deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961.
Clipped from: https://www.taxscan.in/income-earned-by-co-operative-society-is-eligible-for-deduction-u-s-80p2ai-of-income-tax-act-itat/298355/ Top Stories Income Earned by Co-operative Society is eligible for Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order] The Kolkata bench Section 80P(2)(a)(i) of
Addition due to mismatch in 26AS and in books of account unsustained as difference duly explained
https://taxguru.in/income-tax/addition-due-mismatch-26as-books-account-unsustained-difference-duly-explained.html Clipped from: https://taxguru.in/income-tax/addition-due-mismatch-26as-books-account-unsustained-difference-duly-explained.html DCIT Vs Connect Residuary Pvt Ltd (ITAT Mumbai) ITAT Mumbai held that addition on account of mismatch between the income reported under
Capital Goods imported under Zero Duty EPCG Scheme is Eligible for Exemption : CESTAT Dismisses Appeal of Revenue
Clipped from: https://www.taxscan.in/capital-goods-imported-under-zero-duty-epcg-scheme-is-eligible-for-exemption-cestat-dismisses-appeal-of-revenue/299823/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Capital%20Goods%20imported%20under%20Zero%20Duty%20EPCG%20Scheme%20is%20Eligible%20for%20Exemption%20:%20CESTAT%20Dismisses%20Appeal%20of%20Revenue Top Stories The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) dismissed the appeal filed by the revenue on the ground of imported
Revisionary Powers u/s 263 of Income Tax Act not prevails if AO Conducts Inquiry and Verification during Assessment: ITAT quashes Revision Order
Read More: https://www.taxscan.in/revisionary-powers-u-s-263-of-income-tax-act-not-prevails-if-ao-conducts-inquiry-and-verification-during-assessment-itat-quashes-revision-order-read-order/299162/ Clipped from: https://www.taxscan.in/revisionary-powers-u-s-263-of-income-tax-act-not-prevails-if-ao-conducts-inquiry-and-verification-during-assessment-itat-quashes-revision-order-read-order/299162/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Revisionary%20Powers%20u/s%20263%20of%20Income%20Tax%20Act%20not%20prevails%20if%20AO%20Conducts%20Inquiry%20and%20Verification%20during%20Assessment:%20ITAT%20quashes%20Revision%20Order Top Stories The Pune Bench of Income Tax Appellate Tribunal has quashed the revisionary order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263
Rent Paid to Wife Eligible for HRA Deduction u/s 10(13A) of Income Tax Act: ITAT
Read More: https://www.taxscan.in/rent-paid-to-wife-eligible-for-hra-deduction-u-s-1013a-of-income-tax-act-itat/300201/ Clipped from: https://www.taxscan.in/rent-paid-to-wife-eligible-for-hra-deduction-u-s-1013a-of-income-tax-act-itat/300201/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Rent%20Paid%20to%20Wife%20Eligible%20for%20HRA%20Deduction%20u/s%2010(13A)%20of%20Income%20Tax%20Act:%20ITAT Top Stories In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the rental amount paid to wife is eligible
Depreciation Allowable only on Fixed Assets not used for Commercial Purpose: ITAT
Clipped from: https://www.taxscan.in/depreciation-allowable-only-on-fixed-assets-not-used-for-commercial-purpose-itat/299193/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Depreciation%20Allowable%20only%20on%20Fixed%20Assets%20not%20used%20for%20Commercial%20Purpose:%20ITAT Top Stories The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that depreciation is allowable only on fixed assets not used for commercial
👍👍👍👍👍👍👍No income Escapment when Assessee paid STCG and LTCG: Gujarat HC quashes Reassessment Order
Clipped from: https://www.taxscan.in/no-income-escapment-when-assessee-paid-stcg-and-ltcg-gujarat-hc-quashes-reassessment-order/299680/ Top Stories The High Court of Gujarat quashed the reassessment order as there was no income escapement when the assessee paid Short Term Capital
Incorrect Claim of Deduction or Expenses Made in ITR does not Amount to Concealment of Income or Furnishing Inaccurate Particulars : ITAT Sets Aside NFAC Order
Clipped from: https://www.taxscan.in/incorrect-claim-of-deduction-or-expenses-made-in-itr-does-not-amount-to-concealment-of-income-or-furnishing-inaccurate-particulars-itat-sets-aside-nfac-order/299465/ Top Stories By Ipsita Das – On July 14, 2023 11:30 am – 2 mins read The Pune Bench of Income Tax Appellate Tribunal (ITAT) held that rejection of
👍👍👍👍👍Capital gain not computable on execution of sale deed in favour of daughter-in law
https://taxguru.in/income-tax/capital-gain-computable-execution-sale-deed-favour-daughter-in-law.html Clipped from: https://taxguru.in/income-tax/capital-gain-computable-execution-sale-deed-favour-daughter-in-law.html Hanuman Prasad Tambi Vs ITO (ITAT Jaipur) ITAT Jaipur held that capital gain not computable in respect of sale deed executed in
Appellate Authority Bound by Show Cause Notice Allegations: Calcutta High Court
https://taxguru.in/goods-and-service-tax/appellate-authority-bound-show-cause-notice-allegations-calcutta-high-court.html Clipped from: https://taxguru.in/goods-and-service-tax/appellate-authority-bound-show-cause-notice-allegations-calcutta-high-court.html Calcutta High Court holds Appellate Authority cannot travel beyond allegations made in Show Cause Notice and quashes order for rejection of refund
👍👍👍👍👍👍👍👍Reassessment proceedings in absence of adequate reasoning is erroneous
https://taxguru.in/income-tax/reassessment-proceedings-absence-adequate-reasoning-erroneous.html Clipped from: https://taxguru.in/income-tax/reassessment-proceedings-absence-adequate-reasoning-erroneous.html Anilaben Rohitbhai Modi Vs ITO (High Court Gujarat) Gujarat High Court held that in absence of adequacy of reasons and its relevancy
Notice issued to ceased entity is fundamentally illegal and without jurisdiction
https://taxguru.in/income-tax/notice-issued-ceased-entity-fundamentally-illegal-jurisdiction.html Clipped from: https://taxguru.in/income-tax/notice-issued-ceased-entity-fundamentally-illegal-jurisdiction.html Adani Estate Management Private Limited Vs ITO (Gujarat High Court) Gujarat High Court held that if the company has ceased to exist
Husband supplies money for acquiring property in wife’s name doesn’t imply benami transaction
https://taxguru.in/corporate-law/husband-supplies-money-acquiring-property-wifes-doesnt-imply-benami-transaction.html Clipped from: https://taxguru.in/corporate-law/husband-supplies-money-acquiring-property-wifes-doesnt-imply-benami-transaction.html Sekhar Kumar Roy Vs Smt. Lila Roy & Another (Calcutta High Court) Calcutta High Court held that if a husband supplies the
Penalty u/s 272A(1)(d) Income Tax Act shall not levied if Reasonable Cause for Non-Compliance of Statutory Notices: ITAT
Clipped from: https://www.taxscan.in/penalty-u-s-272a1d-income-tax-act-shall-not-levied-if-reasonable-cause-for-non-compliance-of-statutory-notices-itat-read-order/297459/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Penalty%20u/s%20272A(1)(d)%20Income%20Tax%20Act%20shall%20not%20levied%20if%20Reasonable%20Cause%20for%20Non-Compliance%20of%20Statutory%20Notices:%20ITAT Top Stories By Aparna. M – On July 9, 2023 5:30 pm – 2 mins read The Income Tax Appellate Tribunal (ITAT) Delhi Bench ruled that penalty under Section 272(1)(d) of Income
👍👍👍👍👍👍👍No addition can be made on Immovable Property purchased out of Gifts received from Relatives: ITAT directs Re-adjudication
Clipped from: https://www.taxscan.in/no-addition-can-be-made-on-immovable-property-purchased-out-of-gifts-received-from-relatives-itat-directs-re-adjudication-read-order/296643/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20addition%20can%20be%20made%20on%20Immovable%20Property%20purchased%20out%20of%20Gifts%20received%20from%20Relatives:%20ITAT%20directs%20Re-adjudication Top Stories By Aparna. M – On July 8, 2023 1:30 pm – 2 mins read The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) ruled that no
👍👍👍👍👍Assessment Order cannot be directed against Only One of Deceased Assessee’s Legal Heirs
https://taxguru.in/income-tax/assessment-order-directed-only-deceased-assessees-legal-heirs.html Clipped from: https://taxguru.in/income-tax/assessment-order-directed-only-deceased-assessees-legal-heirs.html Darpan Kohli & Ors Vs ACIT (Delhi High Court) Introduction: In a case concerning the taxation of a deceased individual, the Delhi High
Delay in filing of appeal condoned in absence of any deliberate/ intentional/ gross negligence
https://taxguru.in/income-tax/delay-filing-appeal-condoned-absence-deliberate-intentional-gross-negligence.html Clipped from: https://taxguru.in/income-tax/delay-filing-appeal-condoned-absence-deliberate-intentional-gross-negligence.html Nimesh Kanubhai Topiwala Vs DCIT (ITAT Surat) ITAT Surat held that the delay in filing appeal before ld CIT(A)/ NFAC is not
Absence of Email Access is Valid Ground for Condonation of Delay
https://taxguru.in/income-tax/absence-email-access-valid-grounds-condonation-delay.html Clipped from: https://taxguru.in/income-tax/absence-email-access-valid-grounds-condonation-delay.html Mohammad Saleem Vs ITO (ITAT Delhi) The case of Mohammad Saleem v. ITO, Ward 63(3), New Delhi 110002 [ITA No.28/Del/2023], presided over by ITAT,
Re-assessment u/s 147 of Income Tax Act After Expiry of Four years from End of Relevant Year of Assessment is Invalid: ITAT
Read More: https://www.taxscan.in/re-assessment-u-s-147-of-income-tax-act-after-expiry-of-four-years-from-end-of-relevant-year-of-assessment-is-invalid-itat/294547/ Clipped from: https://www.taxscan.in/re-assessment-u-s-147-of-income-tax-act-after-expiry-of-four-years-from-end-of-relevant-year-of-assessment-is-invalid-itat/294547/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Re-assessment%20u/s%20147%20of%20Income%20Tax%20Act%20After%20Expiry%20of%20Four%20years%20from%20End%20of%20Relevant%20Year%20of%20Assessment%20is%20Invalid:%20ITAT Top Stories The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the reopening of assessment under section 147 of the Income
