Follow Us:

All ITAT

No section 271B penalty if reasonable cause exist or if assessee establishes its bonafides

June 13, 2024 2586 Views 0 comment Print

Read the full text of the order from ITAT Agra where penalty u/s 271B was deleted for Tasavver Husain vs ITO. Detailed analysis and conclusion provided.

Non-compete fees is capital receipt till A.Y. 2002-03: ITAT Mumbai

June 13, 2024 462 Views 0 comment Print

Discover the landmark case of ACIT vs. Lyka Labs Ltd. ruling non-compete fees as ‘revenue receipt’. Detailed analysis and implications discussed.

Assessee entitled to Section 80G Deduction on CSR Expenditure: ITAT Mumbai

June 13, 2024 2166 Views 0 comment Print

Detailed analysis of Alubound Dacs India Private Limited vs. DCIT case before ITAT Mumbai regarding the allowance of Section 80G deduction on CSR expenditure.

Section 80P(2)(a)(i) Deduction Eligible for Interest Earned from Credit Facilities to Members, Including Nominal/Associate Members

June 13, 2024 1257 Views 0 comment Print

ITAT Bangalore rules in favor of Sullia Taluk Women’s Cooperative Society Ltd, allowing 80P(2)(a)(i) deduction for interest from member loans, including nominal members.

ITAT Delhi explains limitation for passing of penalty order

June 13, 2024 2457 Views 0 comment Print

Detailed analysis of ITO vs Turner General Entertainment Networks India Pvt. Ltd. case before ITAT Delhi. Penalty order deemed invalid due to limitation.

Bonus Shares Have Nil Acquisition Cost for Capital Gains Calculation: ITAT Bangalore

June 13, 2024 2442 Views 0 comment Print

ITAT Bangalore dismisses valuation of bonus shares under Income Tax Act sec. 55(2)(aa)B. Detailed analysis of Zash Traders vs ACIT case. Read full order.

Cash deposit in Joint account with other relatives: ITAT deletes addition

June 13, 2024 1809 Views 0 comment Print

ITAT Ahmedabad rules no tax on cash deposits from relatives if affidavits provided. Sakina Ahmedali Kantavala vs ITO case highlights proper affidavit usage in tax assessments.

No Assessment Order could be Passed in name of Non-Existent Entity after an intimation was given to AO

June 12, 2024 2928 Views 0 comment Print

ITAT Mumbai invalidates income tax assessment for a merged entity, emphasizing the legal principle against actions on non-existent entities.

Assessee cannot be Penalized for Purchasers’ Failure to Record Transaction

June 11, 2024 1947 Views 0 comment Print

Delve into the detailed analysis of the ACIT Vs Dewas Soya Limited case by ITAT Indore. Explore the crux of arguments, legal aspects, and conclusions drawn from the order.

AO Cannot Uniformly Apply 40% Expense Benchmark to Agricultural Revenue

June 11, 2024 1239 Views 0 comment Print

Read the detailed analysis of Chaudhari Nanubhai Jeshingbhai (HUF) Vs DCIT case where the ITAT Ahmedabad ruled on reducing agricultural income based on expenditure claimed by the assessee.

Search Post by Date
June 2026
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930