The Income Tax Appellate Tribunal set aside the NFAC’s order against Puvvada Veera Kumar, finding that the CIT(A) failed to consider detailed written submissions uploaded to the portal, necessitating a de novo appeal hearing.
RoDTEP scheme refunds export duties via E-scrips on ICEGATE. Exporters use IEC to register, and CBIC has extended E-scrip validity to 2 years for credit utilization.
Bangalore ITAT set aside PCIT’s s.263 order, ruling that difference of opinion on profit estimation rate (6% vs 8%) for a contractor isn’t grounds for revision.
Concept selling shifts focus from service features to measurable outcomes and ROI. Framework covers Diagnosis, De-risking (gainshare), and financial modeling for CAs.
ITAT Bangalore ruled that income belongs to the person who actually earned it. Purchases and sales recorded by son, with audited accounts, barred addition in father’s hands.
Mumbai ITAT deleted Rs.50,000 penalty under s.272A(1)(d), ruling COVID-19 hospitalization was a reasonable cause for non-compliance to multiple notices issued in quick succession.
The ITAT Jaipur dismissed the appeals of Whole Sale Cloth Merchant Association, upholding the reassessments and denial of Section 11/12 exemption. The Tribunal confirmed that the trust’s failure to file returns
The ITAT Bangalore allowed appeals by Mohammad Abdul Najeeb and others, ruling that the non-communication of reasons and lack of hearing opportunity before issuing a Section 127 jurisdiction transfer order rendered the subsequent search assessments
Bangalore ITAT rejected PR consultant’s revised return, ruling that agency business is excluded from presumptive taxation under s.44AD(6)(iii). Original income confirmed.
CIT(A)/NFAC had dismissed appeal alleging no submissions; ITAT noted documents were filed and directed fresh consideration, upholding principles of natural justice.
