Sponsored
    Follow Us:

ITAT Bangalore

Poor knowledge about ITBA portal: ITAT Bangalore Directs Re-adjudication

July 22, 2023 615 Views 0 comment Print

Overview and analysis of the ITAT Bangalore’s decision to direct re-adjudication due to the assessee’s unfamiliarity with the ITBA portal in the Krishnan Sivaprasad vs ITO case.

Land Sale Case – ITAT Restores Smt Ganigara Rekha Venugopal Vs ACIT Case to AO

July 21, 2023 312 Views 0 comment Print

Examination of the recent ITAT order in the case of Smt Ganigara Rekha Venugopal Vs ACIT, regarding the claim of deduction under the Income from Other Sources, providing an in-depth analysis of the facts and rulings.

No Penalty under Section 271A for Maintained Books of Account

July 20, 2023 3294 Views 0 comment Print

The ITAT Bangalore in the case of Suresh Sharma vs ITO reaffirms the principle that penalty proceedings under Section 271A of the Income Tax Act cannot be initiated if the Books of Account are properly maintained

Cash Deposits during Demonetization Linked to LPG Cylinder Sale: ITAT directs Reconsideration

July 19, 2023 1080 Views 0 comment Print

A detailed analysis of the recent ITAT Bangalore ruling in Anaveer Proprietor Vs ITO. The matter has been restored for reconsideration of the source of cash deposits during demonetization linked with LPG cylinder sales.

Burden to establish genuineness of deposit during demonetization period lies on assessee

July 19, 2023 825 Views 0 comment Print

ITAT Bangalore Held that not every deposit during the demonetization period would fall under category of unaccounted cash. However the burden is on the assessee to establish the genuineness of the deposit in order to fall outside the scope of unaccounted cash. Matter remanded for re-verification.

Late fee under Section 234E of Income Tax Act not retrospective

July 17, 2023 978 Views 0 comment Print

Delve into the recent ITAT Bangalore case of Balram Corporate Services Pvt Ltd Vs ITO, discussing the non-retrospective nature of late fee charges under Section 234E of the Income Tax Act.

No Penalty for Excessive Income Tax Refund Claim due to Consultant’s Fraud

July 17, 2023 2340 Views 0 comment Print

Explore our in-depth analysis of the recent ITAT Bangalore ruling on Veereshayya Angadi Vs ITO case, focusing on the issue of penalty for excessive refund claims influenced by a tax consultant.

Interbank Transfer not Unexplained Money U/s. 69A of Income Tax Act

July 16, 2023 1443 Views 0 comment Print

In the case of Rammohan Kordale vs ACIT, ITAT Bangalore held that money transferred between assessee’s joint bank accounts cannot be classified as unexplained money under Section 69A of Income Tax Act.

Cash deposits out of earlier withdrawal not entirely exempt from taxation

July 15, 2023 17913 Views 0 comment Print

Explore the verdict of ITAT Bangalore in the case of Hemavathi Ramesh Vs ITO, where cash deposits from earlier deposits were deemed taxable. Delve into the legal nuances and implications of the judgement.

Assessee’s Limited ITBA Knowledge: ITAT Bangalore directs Re-Adjudication

July 14, 2023 408 Views 0 comment Print

An in-depth analysis of case between Blue Reservoir Business Services LLP and DCIT where ITAT Bangalore directed re-adjudication because assessee was not well-versed with ITBA

Sponsored
Sponsored
Search Post by Date
February 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
2425262728