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
Category: Income Tax Cases
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
Rejection of Appeal by CIT(A) on ground of Delay in Filing Appeal by Assessee : ITAT Directs Re-adjudication
Clipped from: https://www.taxscan.in/rejection-of-appeal-by-cita-on-ground-of-delay-in-filing-appeal-by-assessee-itat-directs-re-adjudication/294114/ Top Stories The Chennai bench of the Income Tax Appellate Tribunal (ITAT) directed the Commissioner of Income Tax (Appeals) to re-adjudicate the matter by condoning
👍No Audit can be Made u/s 44AB of Income Tax Act When Assessee Has Not Maintain Books of Account: ITAT
Read More: https://www.taxscan.in/no-audit-can-be-made-u-s-44ab-of-income-tax-act-when-assessee-has-not-maintain-books-of-account-itat/292705/ Clipped from: https://www.taxscan.in/no-audit-can-be-made-u-s-44ab-of-income-tax-act-when-assessee-has-not-maintain-books-of-account-itat/292705/ Top Stories The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT) held that no audit can be made under section 44AB
👍👍👍👍👍👍👍Order u/s 148A(d) of Income Tax Act is not final Assessment Order, no Income Tax Demand arises: Calcutta HC
Read More: https://www.taxscan.in/order-u-s-148ad-of-income-tax-act-is-not-final-assessment-order-no-income-tax-demand-arises-calcutta-hc/289299/ Clipped from: https://www.taxscan.in/order-u-s-148ad-of-income-tax-act-is-not-final-assessment-order-no-income-tax-demand-arises-calcutta-hc/289299/ Top Stories The Calcutta High Court in a recent decision observed that the order under Section 148A(d) of the Income Tax Act,
Assessing Officer Cannot Withdraw or Modify or Substitute Assessment Order Passed u/s 143(3) with another Assessment Order: ITAT
Clipped from: https://www.taxscan.in/assessing-officer-cannot-withdraw-or-modify-or-substitute-assessment-order-passed-u-s-1433-with-another-assessment-order-itat/291046/ Top Stories The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the Assessing Officer (AO) could not withdraw or modify or substitute
Mistake Apparent from Record U/s 254(2) of Income Tax Act could be corrected by Tribunal: ITAT allows Rectification Application
Clipped from: https://www.taxscan.in/mistake-apparent-from-record-u-s-2542-of-income-tax-act-could-be-corrected-by-tribunal-itat-allows-rectification-application/290934/ Top Stories The Raipur bench of the Income Tax Appellate Tribunal (ITAT) held that the mistakes that are apparent from the records under Section
ITAT Overturns Ex-Parte Order Due to Non-Adherence to Notice Service Preferences
https://taxguru.in/income-tax/itat-overturns-ex-parte-order-due-non-adherence-notice-service-preferences.html Clipped from: https://taxguru.in/income-tax/itat-overturns-ex-parte-order-due-non-adherence-notice-service-preferences.html Jayshree Kamleshkumar Patel Vs ITO (ITAT Ahmedabad) Introduction: In a remarkable case of Jayshree Kamleshkumar Patel vs ITO, the ITAT Ahmedabad has overturned
Issue of notice u/s 148 against deceased assessee is null in the eyes of law
https://taxguru.in/income-tax/issue-notice-u-s-148-deceased-assessee-null-eyes-law.html Clipped from: https://taxguru.in/income-tax/issue-notice-u-s-148-deceased-assessee-null-eyes-law.html Late Shri Shankar Mukund Shenai Vs ITO (ITAT Mumbai) ITAT Mumbai held that issuance of notice for re-opening of assessment under section
I-T department sends notices using AI to tax evaders for fake donations
https://www.business-standard.com/india-news/i-t-department-sends-notices-using-ai-to-tax-evaders-for-fake-donations-123061900801_1.html Clipped from: https://www.business-standard.com/india-news/i-t-department-sends-notices-using-ai-to-tax-evaders-for-fake-donations-123061900801_1.html The income tax notices were issued to evaders under Section 138 and 148(A); individuals have to submit proof of donation within 30
AO cannot take the position of business man to ascertain GP ratio
https://taxguru.in/income-tax/ao-position-business-man-ascertain-gp-ratio.html Clipped from: https://taxguru.in/income-tax/ao-position-business-man-ascertain-gp-ratio.html ACIT Vs Ashish Bansal (ITAT Delhi) In the case of ACIT vs. Ashish Bansal [ITA No.7427/Del/2018 dated June 2, 2023], the ITAT, New
Capital gain from jointly owned property sale cannot be attributed to single co-owner
Read more at: https://taxguru.in/income-tax/itat-verdict-sureshbhai-patel-vs-ito-jointly-owned-property-sale-analysis.htmlCopyright © Taxguru.in https://taxguru.in/income-tax/itat-verdict-sureshbhai-patel-vs-ito-jointly-owned-property-sale-analysis.html Clipped from: https://taxguru.in/income-tax/itat-verdict-sureshbhai-patel-vs-ito-jointly-owned-property-sale-analysis.html Sureshbhai Ashwinbhai Patel Vs ITO (ITAT Ahmedabad) The case of Sureshbhai Ashwinbhai Patel Vs ITO, heard by
👍👍👍👍👍Section 80P(2)(d) deduction: Co-op Society Eligible to claim on Interest Income from FDR with Co-op Bank
https://taxguru.in/income-tax/itat-ruling-rethal-dudh-utpadak-sahkari-mandali-vs-ito-section-80p2d-deduction.html lipped from: https://taxguru.in/income-tax/itat-ruling-rethal-dudh-utpadak-sahkari-mandali-vs-ito-section-80p2d-deduction.html Rethal Dudh Utpadak Sahkari Mandali Ltd. Vs ITO (ITAT Ahmedabad) The case of Rethal Dudh Utpadak Sahkari Mandali Ltd. Vs ITO, adjudicated
ITAT Pune Upholds Section 271B Penalty for Failure to File Audit Report
https://taxguru.in/income-tax/santosh-swarupchand-vs-ito-itat-pune-penalty-failure-file-audit-report.html Clipped from: https://taxguru.in/income-tax/santosh-swarupchand-vs-ito-itat-pune-penalty-failure-file-audit-report.html Santosh Swarupchand Vs ITO (ITAT Pune) In the case of Santosh Swarupchand vs. ITO, it was established that the assessee had maintained
