ITAT Rajkot condones 872-day delay in appeal due to CA’s death and jurisdictional confusion, remanding the income tax assessment case for fresh adjudication.
The ITAT Mumbai has quashed an income tax reopening notice for AY 2017-18, finding it was issued without mandatory prior approval from the appropriate authority under Section 151(ii) of the Act.
ITAT Delhi deletes unexplained cash credit additions for Technosys Integrated Solutions Pvt Ltd, finding investments were not credited in the relevant assessment year.
Delhi ITAT sets aside PCIT’s revisionary order concerning depreciation on goodwill for AY 2016-17, citing incorrect application of IND AS 103 and reliance on a new ground.
ITAT Patna sets aside CIT(A) order in Rs. 58 lakh unexplained property case, citing natural justice. Remands for fresh adjudication, condoning delay due to non-service.
ITAT Delhi rules interest on enhanced compensation for acquired agricultural land is taxable as ‘income from other sources,’ dismissing exemption claims.
ITAT Mumbai affirms 25% addition on fictitious purchases by Vinod Omprakash Kainya, citing un-rebutted hawala transactions and cancelled TINs of suppliers.
The Income Tax Appellate Tribunal (ITAT) Ahmedabad upheld the deletion of a Rs. 3.11 crore addition to an NRI’s income, ruling that funds transferred from an NRE account, originating from foreign earnings, are not taxable in India.
ITAT Jaipur to rule on NRI Ravindra Gaur’s Rs. 86 lakh NRE account deposit, claimed as foreign remittance, challenging ex-parte addition and Section 68 application.
ITAT Chennai rules Section 6 of the Income Tax Act prevails over a Tax Residency Certificate (TRC) for determining Indian residency. Global income taxable if an individual meets the specified days in India, irrespective of TRC.
