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Assessment Order Under Section 144 rws 147 Invalid Without DIN: ITAT Pune

November 6, 2023 8088 Views 0 comment Print

Read about how the ITAT Pune invalidated an income tax assessment order due to the absence of a Document Identification Number (DIN) and analyzed the case’s key aspects.

ITAT Kolkata Allows Interest on Business-Purpose Unsecured Loans

November 5, 2023 576 Views 0 comment Print

Read about Amit Agarwal’s appeal against the disallowance of interest on unsecured loans. ITAT Kolkata rules that additions can’t be allowed if loans were for business purposes.

Email ID Discrepancy on Form 35 & ITR: ITAT Grants Assessee another Opportunity

November 5, 2023 1302 Views 0 comment Print

Vikram Udeshanghbhai Padhiyar vs. ITO case: ITAT Surat allows another chance for the Assessee due to non-compliance caused by email ID discrepancy.

Interest on Margin facility & late Payment to Brokers allowable: ITAT Ahmedabad

November 5, 2023 2886 Views 1 comment Print

ITAT Ahmedabad has allowed a review petition in the Swing Infraspace case, overturning disallowances of expenses. Read the full text of the order here.

ITAT Delhi dismisses reopening as same was based on change of opinion

November 5, 2023 657 Views 0 comment Print

Read the detailed analysis of the ITAT Delhi’s decision to dismiss a reopening based on a change of opinion in the case of ITO Vs Sant Singh.

SC Redirects Tax on generation of electricity Disputes to State High Courts

November 4, 2023 852 Views 0 comment Print

The Supreme Court of India directs tax disputes related to electricity generation to State High Courts, granting the Union of India the liberty to expedite resolutions.

ESOP Expenditure Allowed as Revenue Expenditure; Section 14A Disallowance Cannot Exceed Exempt Income;

November 4, 2023 1086 Views 0 comment Print

DCIT vs. Dhani Services Ltd.: ITAT Mumbai upholds the deletion of disallowance under Section 14A of the Income Tax Act, along with ESOP expenditure.

Unabated Assessment: No addition in Absence of Incriminating Materials

November 4, 2023 3009 Views 0 comment Print

In Completed/Unabated Assessments, AO Cannot Make Additions in Absence of Incriminating Material Found during Section 132 or 132A Search

Compensation/Damages Payment by Builder/Developer is not Interest for TDS

November 2, 2023 10758 Views 1 comment Print

ITAT Delhi rules that payments by a builder to allottees as compensation for delays are not interest under the Income Tax Act, relieving them from TDS obligations.

Issuing DIN Without Mentioning on Assessment Order Is Insignificant & superfluous exercise: ITAT

November 2, 2023 1107 Views 0 comment Print

Discover the ITAT Delhi’s ruling on the issuance of DIN numbers on tax communications and its importance in ensuring their validity.

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