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ITAT Raipur

Section 57 Deduction Allowable for Interest Expense Incurred to Earn Income from Other Sources: ITAT Raipur

August 26, 2024 2115 Views 0 comment Print

ITAT Raipur held that interest expenditure incurred for earning income chargeable under the head “Income from other sources” is allowable as deduction under section 57 of the Income Tax Act.

ITAT Orders Re-Adjudication of Section 54F Exemption with Fresh Evidence

August 13, 2024 1113 Views 0 comment Print

Summary of ITAT Raipur decision in Satish Agrawal vs. ITO. The case concerns denied exemption under Section 54F of the Income Tax Act for AY 2014-15.

ITAT Sets Aside CIT(A)’s Order for not providing fair & reasonable opportunity

July 17, 2024 783 Views 0 comment Print

ITAT Raipur order on Rajesh Kumar Tiwari vs ITO. ITAT sets aside Income Tax reassessment completed without providing fair & reasonable opportunity

CIT(E) Rejects S.12AB Application without Sufficient Opportunity: ITAT Orders Re-adjudication

July 15, 2024 810 Views 0 comment Print

Read the detailed ITAT Raipur order on rejection of S.12AB application under Income Tax Act, directing re-adjudication by CIT(E). Full analysis provided.

CSR Expenses Eligibility for Section 80G Deduction: ITAT restores Matter to CIT(A)

June 24, 2024 975 Views 0 comment Print

Detailed analysis of ABIS Export India Pvt Ltd Vs DCIT (ITAT Raipur) case regarding CSR expenses deduction under Sec. 80G. Explore the ITAT’s decision, implications, and legal insights.

ITAT Upholds Penalty for Loan Repayment in Cash Despite Poor Cheque Clearance History

March 14, 2024 1503 Views 0 comment Print

ITAT upholds penalty against taxpayer for cash repayment of loans, contravening Section 269T of Income-tax Act. Explore implications and alternatives.

Debatable issues cannot be adjusted by way of intimation under section 143(1)(a)

January 24, 2024 4116 Views 0 comment Print

Satpal Singh Sandhu Vs DCIT (ITAT Raipur) In absence of Sec. 143(1)(a) being read in the above manner, i.e debatable issues cannot be adjusted by way of intimation under section 143(1)(a), would lead to arbitrary and unreasonable intimations being issued, leading to chaos

Deduction allowed for Delayed ESI/PF Employee Contribution Deposit: ITAT Raipur

January 22, 2024 7212 Views 0 comment Print

ITAT Raipur held that delayed deposit of employees share of contribution towards ESI/PF for A.Y. 2018-19 allowed as deduction.

ITAT Directed Assessee to furnish CA certificate in Form 26A for setting aside disallowance u/s 40(a)(ia)

December 15, 2023 3744 Views 0 comment Print

ITAT Raipur restored the matter back to the file of AO in case of disallowance u/s. 40(a)(ia) of the Income Tax Act as the CA certificate submitted was not as per the prescribed form i.e. Form 26A. Post submission of CA certificate in prescribed form, disallowance u/s 40(a)(ia) will be vacated.

Discrepancies between books & 26AS: ITAT directed A.O. to reexamine

December 13, 2023 651 Views 0 comment Print

Dive into an income tax appeal against Commissioner’s order. Explore discrepancies, disputed additions, and ITAT Raipur’s direction for reexamination.

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