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Surcharge not be leviable on Trust Income when income was below limit

March 13, 2025 1305 Views 0 comment Print

ITAT Mumbai deletes surcharge on Lintas Employees Trust, ruling that surcharge applies only if income exceeds ₹50 lakh. Read case details and legal findings.

Surcharge on Trusts Not Automatic; Applies Only if Income Exceeds Prescribed Limit

March 13, 2025 1470 Views 0 comment Print

ITAT Mumbai ruled in favor of Ujjwal Business Trust, deleting surcharge levied by CPC on income below ₹50 lakh. Read the case summary and key legal findings.

ITAT Sets Aside Ex-Parte Order, Grants Assessee Opportunity for Rehearing Before CIT(A)

March 13, 2025 3051 Views 1 comment Print

ITAT Mumbai sets aside CIT(A)’s ex-parte order in Gurpreet Singh Rajput’s case, allowing reassessment after providing the assessee another hearing opportunity.

Once repayment is established, Section 68 additions unwarranted: ITAT Jaipur

March 11, 2025 7701 Views 0 comment Print

ITAT Jaipur ruled on addition of ₹1.75 crore as unexplained credit in ITO Vs Kedia Builders. The tribunal highlighted compliance with Section 68 requirements.

Advance Tax Calculation and Payment: A Simple Guide

March 11, 2025 8847 Views 1 comment Print

Learn how to calculate and pay advance tax in India. Understand eligibility, due dates, and online/offline payment methods.

Property attachments & garnishee proceedings: Kerala HC directs expedited appeal disposal

March 11, 2025 1323 Views 0 comment Print

Kerala HC directs expedited appeal disposal for Ajas N Shamsu, addresses property attachments and stay of garnishee proceedings.

Kerala HC Directs IT Dept to Expedite 8-Year-Old Appeal

March 11, 2025 768 Views 0 comment Print

Kerala HC orders Income Tax Dept to resolve Janayugam Publications’ 2016 appeal within four months, provided required documents are uploaded within 30 days.

Bombay HC Directs Income Tax Dept to Review Seized Gold Case

March 11, 2025 1011 Views 0 comment Print

Bombay HC directs IT Dept to review H.K. Jewels’ plea on seized gold, citing Section 132(1)(iii) of the IT Act. Petitioners granted time to file representations.

Issues already examined in revision proceedings cannot be re-agitated in reassessment

March 11, 2025 1467 Views 0 comment Print

Bombay High Court quashes reassessment notice under Section 148, holding that revisited issues from Section 263 proceedings cannot form the basis for reopening cases.

Bombay HC sets aside compounding plea rejection despite 36 month delay

March 11, 2025 1098 Views 0 comment Print

Bombay HC sets aside IT department’s rejection of a compounding plea due to delay, directing a reconsideration per Supreme Court precedents.

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