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All ITAT

ITAT allows Section 80P(2)(a)(i) deduction on dividend from Chennai Central Co-operative Bank

April 28, 2024 549 Views 0 comment Print

Read the detailed analysis of Union Bank of India’s case vs ITO where ITAT Chennai grants deduction under Section 80P for dividends from cooperative bank shares.

ITAT Restores Case: Assessee Denied Opportunity to Cross-Examine Witnesses

April 28, 2024 687 Views 0 comment Print

In ITO Vs Saivi Finance Pvt Ltd, ITAT Delhi restores the matter back to AO due to denial of natural justice, assessees not given chance to cross-examine persons whose statements were used against them.

Conditions for Section 153A Reassessment notice Issuance after 6 Years

April 28, 2024 1005 Views 0 comment Print

Discover the conditions for issuance of a reassessment notice u/s 153A beyond six years & explore the detailed analysis of ACIT Vs Goldstone Cements Ltd. (ITAT Kolkata) case.

No Section 43B(a) disallowance for Delayed Statutory liability/MVAT Discharge

April 26, 2024 1056 Views 1 comment Print

Royal Drinks Pvt Ltd Vs ITO (ITAT Nagpur) Interest liability incurred against delayed discharge of statutory liability/MVAT is entitled for deduction u/s 37(1) without subjecting it to disallowance u/s 43B(a)

Assessment order invalid if not dispatched to assessee within limitation period

April 26, 2024 7035 Views 0 comment Print

Detailed analysis of ITAT Delhi order in Instrumentation Laboratory India Pvt. Ltd. vs. DCIT, addressing assessment order dispatch after the limitation period, leading to partial allowance of appeal.

Incorrect Section Mention No Ground for Income Tax Addition Deletion: ITAT Mumbai

April 26, 2024 4764 Views 0 comment Print

Despite legal contention that addition under section 69 was erroneous, ITAT emphasized necessity of substantiating genuineness of transactions, rather than merely disputing section under which additions were made.

Analysing ITAT Kolkata Decision on Britannia Industries Ltd.’s CSR Contributions & Tax Deductions

April 25, 2024 5586 Views 0 comment Print

Explore how ITAT Kolkata ruling on Britannia Industries Ltd. CSR contributions clarifies tax deductions under Section 80G.

Bangalore ITAT Quashes Section 80G Approval Rejection considering extension circular

April 25, 2024 258 Views 0 comment Print

Bangalore ITAT quashes CIT’s order rejecting 80G approval for Carers Worldwide; CBDT extends Form 10AB filing deadline. Read the detailed analysis.

Key Principles Governing Section 153A Jurisdiction & Assessment Procedures

April 25, 2024 834 Views 0 comment Print

Delve into the detailed analysis of the ITAT Jabalpur’s decision in the case of Kalyanika Infra Mega Ventures Pvt. Ltd. Vs Dy.C.I.T., exploring the implications of the judgment.

Section 153D approval without application of mind renders Assessment null & void

April 24, 2024 2310 Views 0 comment Print

Assessment order under 1961 Act quashed by Delhi ITAT due to lack of application of mind in approving 153D, rendering the assessment void.

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