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The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) ruled proceedings under Section 153C of the Income Tax Act, 1961 could not be started in absence of incriminating material revealed in the search. While in the assessment proceedings, the AO sees that the taxpayer, A. Gandhimathi has incurred unregistered dealer purchases. The taxpayer would […]
A Single Bench of the Income Tax Appellate Tribunal (ITAT) Pune, ruled that the Assessing Officer (AO) cannot reopen an assessment without tangible material showing escapement of income. The taxpayer is the owner of Sikandar and Company a company that incurs the income from trading on the wholesale and semi-wholesale basis and Cattle feed items. […]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled, tax liability under section 206C of the Income Tax Act,1961 would come, the taxpayer has unable to file Form 27C and Tax Collect at Source (TCS) exempted on the scrap sale. The petitioner was represented via Shri Jinesh Shah and the respondent […]
The Income Tax Appellate Tribunal (ITAT), Chennai has deleted the penalty of Rs 1 Lakh as there was proper income return filing including a tax audit report. Under section 133A of the act, a survey was performed on the taxpayer’s M/s. Saravana Foundation business premises, it is revealed that the taxpayer has obtained the gross […]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) does not permit the cost of improvement since the taxpayer failed to build supporting bills, vouchers, sources of funds, and others. In a two-member bench of Sandeep Singh Karhail (Judicial Member) and Om Prakash Kant (Accountant Member), the taxpayer’s claim was refused via lower heads […]
The article describes the Process of Filing an Appeal before the Commissioner of Income Tax (Appeals), Orders that would be appealable by the taxpayer to the Commissioner of Income-tax (Appeals), Fees For Filing an Appeal Before CIT (Appeals), and Documents To Be Submitted for Appeal before Commissioner of Income-tax (Appeals). The taxpayer who is dissatisfied […]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that leave and pension contributions to state government employees do not be treated as fake and granted relief to Vishakhapatnam Port Road Company Ltd. The petitioner, Vishakhapatnam Port Road Company Ltd., has the business of constructing, operating and maintaining the toll roads for enough connectivity to […]
While condoning a late 1217 days in furnishing the income tax plea because of the covid-19 pandemic, the Income Tax Appellate Tribunal (ITAT), Chennai bench has levied a cost of Rs. 25,000 the taxpayer as a state to favor these delays. The taxpayer, M/s. Kal Airways Private Limited questioned an assessment which is mentioned under […]
A division bench of the Gujarat high court has refused the assessment order mentioned beneath section 144B of the income tax act, 1961 on the basis of the notice was not being furnished as well as the draft assessment. The taxpayer, M/s Symphony Ltd has to vide the letters on 30.05.2021 and 01.07.2021 corresponding fetched […]
