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The Income Tax Appellate Tribunal (ITAT) Mumbai in the recent case analyzed the petition furnished by the taxpayer against an order via the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi. From the addition of Rs 11,33,000 as undisclosed income by the Assessing Officer the dispute emerged. U/s 148 of the Income Tax […]
In the matter of Shamanna Reddy vs. ITO, the Income Tax Appellate Tribunal (ITAT) Bangalore addressed a petition against the order of CIT(A) for the AY 2018-19. The petitioner, an individual, challenged the dismissal of their petition via the CIT(A) on technical foundations, and the following assessment order passed u/s 147 read with section 144 […]
The Gujarat High Court in a judgment for the matter of Shyamlal Rupchand Parwani vs. Assistant Commissioner of Income Tax (ACIT), stated that its position on the jurisdictional factors and procedural propriety concerning notices issued u/s 153C of the Income Tax Act, 1961. For taxpayers and the administration of tax law in India, this decision […]
In DCIT vs. Sandeep Hooda, adjudicated by ITAT Delhi, the taxpayer’s eligibility for deduction u/s 54 of the I-T Act, 1961, is scrutinized. The dispute emerges from the absence of essential amenities in the claimed residential property. The case background is that the taxpayer, Sandeep Hooda, qualifies for tax deduction u/s 54 despite the shortage […]
The addition made by the AO u/s 41(1) of the Income-tax Act on account of the sale of copper wire is been removed by the Punjab & Haryana High Court, learning that the AO incurred the additions beneath the stated provisions on the grounds of the presumption for the stated sale, post discovering no stock […]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) ruled that the addition could not be deleted for the only cause that the section under which the addition is made is cited incorrectly and that it is essential to look into the merits of the case. The bench of Anikesh Banerjee (Judicial Member) and Padmavathy […]
As of January 31 this year, a staggering 5,44,205 petitions awaited resolution within the norms of the Income Tax Department, with an additional 63,246 declining at different levels of appellate authorities including Income Tax Appellate Tribunals (ITATs), High Courts, and the Supreme Court. Despite the Central Board of Direct Taxes (CBDT) obligation to expedite proceedings, […]
The Madras High Court in its judgment addressed an important issue related to the inadvertent error of citing the identical invoice number in multiple GST e-way bills. The matter of Vimal Traders Vs Assistant Commissioner (State Tax) emphasizes the importance of procedural fairness and consideration of proof in tax assessments. An applicant is a registered […]
The matter of ACIT Vs Shanker Nebhumal Uttamchandani, as decided by ITAT Surat, emphasizes the importance of substantial proof in tax assessments, especially concerning additions incurred based on digital device data. The Assessing Officer (AO) had incurred the additions to the taxpayer’s income based on particulars discovered in the digital device at the time of […]
