Sponsored
    Follow Us:

All ITAT

Reopening Based on Wrong Facts or assumptions is Invalid: ITAT Mumbai

July 19, 2024 459 Views 0 comment Print

Read the full text of the ITAT Mumbai order in Laxman Gore Shreshtha Vs DCIT. Analysis of reassessment based on incorrect details and implications for assessment under Income Tax Act.

Kolkata ITAT Rules Technical Error No Basis to Deny Section 80G Approval

July 19, 2024 210 Views 0 comment Print

Detailed analysis of North Eastern Social Research Centre vs. CIT(Exemption) case by Kolkata ITAT. Learn how technical errors in application didn’t affect Sec 80G benefits.

Section 56(2)(vii)(c) not applicable to bonus shares as no Transfer of Property

July 19, 2024 888 Views 0 comment Print

Detailed analysis of DCIT vs Tangi Facility Solutions Pvt Ltd case by ITAT Chennai regarding taxation of bonus shares under Income Tax Act. Understand ITAT’s ruling and implications.

Cash deposits during demonetization alone cannot justify income addition

July 18, 2024 858 Views 0 comment Print

In the case of Anil Champalal Jain vs ITO (ITAT Mumbai), learn why Mumbai ITAT ruled that cash deposits during demonetization alone cannot justify income addition without clear evidence of accounting errors. Read the full text of the order for detailed insights.

Reassessment cannot be based merely on suspicion or unverified information

July 18, 2024 765 Views 0 comment Print

Read the full text of the ITAT Kolkata order on Alosha Marketing Pvt Ltd Vs ACIT, discussing reopening of assessment under sec 147 and challenges on merit.

Section 254(2) Applies Only for Rectification, Not for Order Recall: ITAT Ahmedabad

July 18, 2024 453 Views 0 comment Print

Read the detailed analysis of ITO Vs Neetaben Snehalkumar Patel (ITAT Ahmedabad) where Section 254(2) was scrutinized for rectification versus recall of orders.

ITAT Allows Interest on Borrowed Funds in Capital Gains Calculation

July 18, 2024 702 Views 0 comment Print

Read ITAT Chennai’s decision on deductibility of interest paid on borrowings for property acquisition from sale consideration. Full text order included.

ITAT Chennai Upholds Section 54F Deduction for Property Purchase in Wife’s Name

July 18, 2024 546 Views 0 comment Print

Read the detailed analysis of ITAT Chennai’s decision to grant full S.54F deduction for property purchase in wife’s name out of a bank loan. Understand the legal implications and arguments presented.

Undisclosed Money Lending Business Income Taxable as Business Income; Section 69 & 115BBE Provisions Inapplicable

July 18, 2024 270 Views 0 comment Print

Read the detailed ITAT Chennai order on Rameshlal Kailash Vs ITO for AY 2017-18. Money lending business income added, upheld as business income despite challenges. Full text of the order included.

Form 10IE Directory Not Mandatory: ITAT Allows New Income Tax Regime benefit

July 18, 2024 1959 Views 0 comment Print

Read the full text of the ITAT Pune order in Akshay Devendra Birari Vs DCIT regarding the allowance of benefits under the new income tax regime. Learn about Form 10IE requirements and its impact on income tax assessments.

Sponsored
Sponsored
Search Post by Date
August 2024
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031