The Income Tax Appellate Tribunal (ITAT) Ranchi, partially allowed the appeal of Shiv Prasad Ram a retired SAIL employee restoring his ex parte tax assessment case to the Assessing Officer for readjudication and giving him an opportunity to be heard.
CAAR clarified classification of Coral Bottom Nodes, Picket Hydroacoustic Complex, Bolt Airguns, and BigShot Controllers, with separate treatment for parts and spares.
ITAT Delhi sets aside a CIT(A) order for being “non-speaking,” remanding the case for a fresh hearing and a reasoned decision after giving the assessee a fair chance to present evidence.
Learn about the ITAT Mumbai ruling on ABM Knowledgeware Ltd. vs. Assessing Officer regarding CSR expenditure deductibility under Section 80G and the powers of revision under Section 263.
Tribunal upholds turnover suppression in food delivery business, capping profit at 8% u/s 44AD based on survey findings and cook’s statement, overriding later-filed books.
ITAT Patna rules against a protective tax assessment on Veena Mishra, a housewife, quashing the addition after evidence of her independent income was presented.
ITAT Ahmedabad dismisses a PCIT’s order under Section 263, stating that revisionary powers cannot be used merely to direct the initiation of penalty proceedings.
ITAT Ahmedabad dismisses Revenue appeals in Shaligram Infra Projects LLP case regarding on-money additions. Key takeaways on third-party documents, profit element taxation, and telescoping principle.
ITAT Ahmedabad overturns a PCIT’s order, holding that revisionary powers cannot be used to expand the scope of a limited scrutiny to include deemed dividend issues.
The ITAT Jaipur ruled that a private trust with a single minor beneficiary cannot be taxed at the Maximum Marginal Rate. A wrong ITR form filing does not take away the right to normal slab rates.
