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Archive: 14 October 2024

Posts in 14 October 2024

ITAT Directs Fresh Hearing as FAA’s 6 mail Notices Likely Went to Spam Folder

October 14, 2024 123 Views 0 comment Print

ITAT Bangalore directs a fresh hearing after IT notices likely ended up in spam, causing the assessee to miss compliance deadlines.

No Section 68 Addition in Partnership Firm for Partners’ Capital Accounts: ITAT Ahmedabad

October 14, 2024 432 Views 0 comment Print

ITAT Ahmedabad ruled that Section 68 doesn’t apply to a partnership firm for capital introduced by partners, upholding a CIT(A) decision. Appeal dismissed.

Section 80P deduction on Income from Loan to nominal / associate member: ITAT Remands case to CIT(A)

October 14, 2024 183 Views 0 comment Print

ITAT Bangalore remands Section 80P deduction case of Hunnur Souhard Credit Sahakari to CIT(A) for fresh review regarding loans to nominal/associate members.

CIT(A) sent Notices to wrong Email ID: ITAT Remits Appeal for Reassessment 

October 14, 2024 168 Views 0 comment Print

ITAT remits Venkataraju Chandra Shekar’s case for reassessment after notices were sent to the wrong email, impacting appeal hearing. Fresh adjudication ordered.

Goods classified under CTH 6304 as can be sold in market as bed sheet: CESTAT Kolkata

October 14, 2024 276 Views 0 comment Print

CESTAT Kolkata held that keeping in view the common parlance usage of material as bed sheets and the same can be sold in market as bed sheet, the goods are classified under Customs Tariff Heading 6304 and not under Customs Tariff Heading 54.07.

Deduction u/s. 80IA(iv) allowable for development of Mechanised Port Handling System: Calcutta HC

October 14, 2024 219 Views 0 comment Print

Calcutta High Court allowed deduction under section 80IA(iv) of the Income Tax Act for development of Mechanised Port Handling System. Thus, deduction u/s. 80IA(iv) available in case of infrastructural development of port.

Understanding Partition of HUF and its Tax Implications

October 14, 2024 4458 Views 1 comment Print

Learn about the partition of Hindu Undivided Family (HUF), its legal process, tax implications under Section 171, and the criteria for recognition by tax authorities.

Email Notices Despite Request for Physical Notices: ITAT Sets aside CIT(A)’s Ex Parte Order

October 14, 2024 369 Views 1 comment Print

ITAT sets aside CIT(A) dismissal of Luv Procon’s appeal due to email notices despite a request for physical communication. Delay condoned; fresh hearing ordered.

Best Judgment Assessment: ITAT Directs Fresh Order as AO failed to consider ITR

October 14, 2024 219 Views 0 comment Print

ITAT Ahmedabad directs a fresh assessment after AO ignored filed ITR in Govindbhai Hirabhai Bharvad case, due to ex-parte assessment and delay issues.

Section 148A(b) sent to outdated email ID: HC set-aside order & Notices

October 14, 2024 66 Views 0 comment Print

Karnataka HC sets aside Azeem Infinite’s tax assessment as notices were sent to an email created by a former accountant. Case remitted to Section 148A(b) stage.

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