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Assessment Order Issued Beyond Limitation Period is Invalid: ITAT Delhi

July 10, 2025 957 Views 0 comment Print

Delhi ITAT voids BBC World Service India’s 2017-18 tax assessment, ruling the final order was issued beyond the statutory time limit.

Assessment Order Passed Beyond Time Limit Liable to be Quashed: ITAT Mumbai

July 10, 2025 1074 Views 0 comment Print

ITAT Mumbai quashes APM Terminals India’s 2017-18 assessment order, citing tax authorities’ failure to meet statutory deadlines for finalization.

Unrealized Rent income cannot be taxed even if TDS is deducted on accrual basis

July 10, 2025 1149 Views 0 comment Print

ITAT Mumbai grants Vishwaroop Infotech partial relief on unrealized rent and Section 14A disallowance, highlighting commercial expediency and proper expense attribution.

Sec. 271(1)(b) Penalty Invalid as AO Accepted Compliance by Passing Order u/s 143(3)

July 10, 2025 1074 Views 0 comment Print

ITAT Delhi quashes Rs. 10,000 penalty on Carreen Builders under Section 271(1)(b), citing assessee’s cooperation and assessment completion under Section 143(3).

Section 271(1)(b) Penalty Invalid as Assessment Completed u/s 143(3)

July 10, 2025 663 Views 0 comment Print

Delhi ITAT sets aside penalty on Globus Infocom for non-compliance, citing AO’s own records and a crucial precedent on Section 143(3) assessments.

ITAT Deletes Sec. 234B Interest; AO Failed to Adjust Seized Cash Against Tax Liability

July 10, 2025 588 Views 0 comment Print

Delhi ITAT rules on Sushil Bansal’s appeal, deleting interest u/s 234B and penalty u/s 271AAB on Rs. 88 lacs seized cash, citing pre-search disclosure.

CPC Lacked Power Under Sec. 143(1) to Deny Sec. 80P for Late Filing Prior to Finance Act 2021

July 10, 2025 906 Views 0 comment Print

ITAT Chandigarh rules that CPC lacked power to disallow Section 80P deduction for late-filed returns under Section 143(1) for AY 2018-19, citing statutory amendments.

Sec. 80P Deduction Cannot Be Denied for Delay; Return Filed Within Sec. 139(4) Period

July 10, 2025 1269 Views 0 comment Print

 ITAT Rajkot overturns CPC’s disallowance of Section 80P deduction for a co-operative society’s late return, clarifying the scope of Section 143(1) adjustments for AY 2019-20.

Sec. 80P Deduction Cannot Be Denied for Late Filing; Return Filed Within Sec. 139(4) Period

July 10, 2025 1104 Views 0 comment Print

ITAT Rajkot rules on disallowance of Section 80P deduction for a co-operative society due to late filing, examining scope of Section 143(1)(a) adjustments and relevant judicial precedents.

Sec. 80P Denial Unjustified; Amendment to Sec. 143(1)(a)(v) Applies Prospectively From AY 2021-22

July 10, 2025 660 Views 0 comment Print

ITAT Hyderabad rules on Section 80P deduction for co-operative societies, stating it cannot be denied solely due to a belated income tax return filing.

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