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The Income Tax Appellate Tribunal (ITAT) in Surat made an important ruling regarding tax reassessment cases. They decided that if a company is undergoing a tax review, the process remains valid even if the company is later removed from the official register by the Registrar of Companies (ROC). The key point is that the tax […]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the actions taken by the Dispute Resolution Panel (DRP) under Section 144C of the Income Tax Act, 1961, do not supersede or prolong the limitation period outlined in Section 153 of the Income Tax Act, 1961. Motorola Solutions India Private Limited submitted the […]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT), in a ruling, adopted a compassionate approach in condoning a delay of 848 days in filing an appeal, after the appellant’s Income Tax Consultant tragically passed away during the COVID-19 pandemic. The assessment order for AY 2015-16 has been contested by the applicant, Subodh Adhikary, […]
The Income Tax Appellate Tribunal ( ITAT ) has held that the assessing officer cannot skip the examination of the source of funds just because of the error in the income tax return (ITR) due to technical issues. Relief was provided by the tribunal to a woman who sold her property for Rs 94 lakh […]
The Income Tax Appellate Tribunal (ITAT) at Jaipur has remanded a case of Rs 76.31 lakh tax addition, stating that the taxpayer must be provided one more chance to prove that a disputed bank account linked to his PAN did not belong to him. A coram of Judicial Member Narinder Kumar and Accountant Member Annapurna […]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that the only filing of an ITR in an incorrect form cannot be a foundation to disallow genuine expenditure. The Bench said that procedural lapses must not override substantive rights of the taxpayer. New Surya Public School, an educational society registered under the […]
The Visakhapatnam Bench of the Income Tax Appellate Tribunal (ITAT) has provided relief to a non-resident taxpayer after discovering that a revised Income Tax Return (ITR) was filed fraudulently by a consultant without the taxpayer’s knowledge. This wrongful action led to a tax demand of ₹12.93 lakh for the assessment year 2024–25. The case is […]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that a co-operative society earned a rental income from letting out its administrative building is assessable under the head “Income from House Property” and not as “Income from Other Sources.” The matter was heard by a Bench comprising Vice President Saktijit Dey and […]
The Kerala High Court has made an important ruling regarding the Central Goods and Services Tax (CGST) Act of 2017. It was determined that Section 16(5) serves as a non-obstante provision, which means it can override the time limits stipulated in Section 16(4). The Court emphasised that as long as taxpayers file their returns by […]
