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The Chennai bench of the Income Tax Appellate Tribunal( ITAT ) stated that TDS Credit is permissible when Income is provided to the tax concerned to specified TDS. Taxpayers firm M/s. PKF Sridhar & Santhanam LLP, in the profession of consulting and auditing. The appellant furnished its income return for the assessment year 2018-19 on […]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) stated that as the intimation under section 143(1) of the Income Tax Act, 1961 does not show in the tax portal hence there could not be any resulting issues referred to the assessment. The taxpayer, Mr, Paras Kuhad is a Senior Advocate who practices in […]
The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench ruled that Assessing Officer was unable to furnish the opportunity for cross-examination of witnesses and removes the addition on the basis of additional net profit. The petitioner M/s. DSG Papers Pvt. Ltd., is involved in the business of manufacturing paper and paper products. The PCIT started revisionary […]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT), proceedings under section 153 do not be invalidated without examining incriminating material found in the search. The taxpayer, Ashok Developers & Builders Ltd has been involved in the business of construction and furnishes its income return showing a total income of Rs.6,61,44,100. A search & […]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) ruled that tax penalty u/s 271 would not be imposed in the absence of applicable records for the incorrect particulars. The company of the petitioner is engaged in the business manufacturing and the sale of the chemicals. The income tax return was furnished on the […]
