Judgement

The ITAT Delhi holds that reassessment under Sections 147 or 148 cannot survive beyond three years if the income to have escaped assessment is below the statutory limit. 

ITAT Rules Reassessment Notices Where Escaped Income Ultimately Fell Below Rs 50 Lakh Threshold as Unsustainable

Articles

With no official extension announced yet, experts urge taxpayers to file their ITRs by July 31 instead of waiting for rumours or last-minute updates.

ITR Deadline July 31: No Official Extension Yet, Experts Warn Taxpayers Not to Wait

The ITAT held that a technical mistake in mentioning the correct provision cannot be a reason to deny Section 12AB registration and directed the CIT(E) to reconsider the application.

Technical Mistake In Mentioning Correct Provision Cannot Be A Reason To Deny Section 12AB Registration, Holds ITAT

The ITAT Bangalore has allowed tax exemption on BSNL VRS retrenchment compensation and eligible leave encashment, granting major relief to retired employees.

 ITAT Rules BSNL VRS Compensation Exempt from Tax Under Section 10(10B), Grants Leave Encashment Relief

The Bengaluru ITAT deleted a Rs 1.20 crore disallowance on business development and marketing expenses while remanding a Rs 37.48 lakh issue for fresh examination.

ITAT Deletes Rs 1.20 Crore Disallowance on Business Development and Marketing Expenses

The ITAT Bangalore has held that proceedings initiated under Section 153C are without jurisdiction where the date of initiation of search falls on or after 1 April 2021. 

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ITAT Rules Reassessment Notices Where Escaped Income Ultimately Fell Below Rs 50 Lakh Threshold as Unsustainable

ITR Deadline July 31: No Official Extension Yet, Experts Warn Taxpayers Not to Wait

Technical Mistake In Mentioning Correct Provision Cannot Be A Reason To Deny Section 12AB Registration, Holds ITAT

ITAT Rules BSNL VRS Compensation Exempt from Tax Under Section 10(10B), Grants Leave Encashment Relief

ITAT Deletes Rs 1.20 Crore Disallowance on Business Development and Marketing Expenses

ITAT Rules that Section 153C Cannot Be Invoked Where the Date of Search for 'Other Person' Falls After 1 April 2021