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Section 292BB

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No Section 35(1)(ii) deduction on Donation to ineligible Scientific Research Trust 

Income Tax : ITAT Ahmedabad ruled against C K Zipper Pvt Ltd, disallowing deduction under Section 35(1)(ii) of Income Tax Act for donations to ...

March 30, 2024 435 Views 0 comment Print

Addition u/s 69 unjustified as explanation for source of fund rejected without sufficient reasoning: ITAT Bangalore

Income Tax : ITAT Bangalore held that addition under section 69 of the Income Tax Act unjustified as source of fund duly explained. Rejection o...

March 16, 2024 417 Views 0 comment Print

ITAT Ahmedabad Quashes Reassessment Beyond 4-Year Limit, Citing Lack of New Material

Income Tax : ITAT Ahmedabad sets aside re-assessment proceedings initiated after 4 years from the AY end, citing no new material for reassessme...

February 14, 2024 366 Views 0 comment Print

Section 148 Reopening notice issued upon deceased assessee was void ab intio: Gujarat HC

Income Tax : Krishnaawtar Kabra L/H of Jagannath Rampal Kabra Vs ITO (Gujarat High Court) In a recent judgment, the Gujarat High Court addresse...

January 30, 2024 810 Views 0 comment Print

Section 143(2) Notice Mandated When Assessment Differs from Filed Return

Income Tax : Learn about the validity of re-assessment without notice u/s 143(2) in the case of Gonuguntla Nirmala Devi vs. ACIT. Explore the f...

September 21, 2023 5631 Views 0 comment Print


Latest Posts in Section 292BB

No Section 35(1)(ii) deduction on Donation to ineligible Scientific Research Trust 

March 30, 2024 435 Views 0 comment Print

ITAT Ahmedabad ruled against C K Zipper Pvt Ltd, disallowing deduction under Section 35(1)(ii) of Income Tax Act for donations to ineligible research trust.

Addition u/s 69 unjustified as explanation for source of fund rejected without sufficient reasoning: ITAT Bangalore

March 16, 2024 417 Views 0 comment Print

ITAT Bangalore held that addition under section 69 of the Income Tax Act unjustified as source of fund duly explained. Rejection of the explanation relating to source of fund by the department without sufficient reason is unsustainable in law.

ITAT Ahmedabad Quashes Reassessment Beyond 4-Year Limit, Citing Lack of New Material

February 14, 2024 366 Views 0 comment Print

ITAT Ahmedabad sets aside re-assessment proceedings initiated after 4 years from the AY end, citing no new material for reassessment under Section 147 of the Income Tax Act.

Section 148 Reopening notice issued upon deceased assessee was void ab intio: Gujarat HC

January 30, 2024 810 Views 0 comment Print

Krishnaawtar Kabra L/H of Jagannath Rampal Kabra Vs ITO (Gujarat High Court) In a recent judgment, the Gujarat High Court addressed the issue of the validity of a notice issued under Section 148 of the Income Tax Act, 1961 to a deceased assessee. The court ruled that the reopening of the assessment based on such […]

Section 143(2) Notice Mandated When Assessment Differs from Filed Return

September 21, 2023 5631 Views 0 comment Print

Learn about the validity of re-assessment without notice u/s 143(2) in the case of Gonuguntla Nirmala Devi vs. ACIT. Explore the full text of the ITAT Hyderabad order.

ITAT Quashes Reassessment Order for Failure to Issue Notice u/s 143(2)

July 28, 2023 2553 Views 0 comment Print

In the case of Classic Display Systems Pvt Ltd vs. ITO, the ITAT Delhi quashed the reassessment order as the AO failed to issue notice u/s 143(2) before finalizing the reassessment.

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