Judgement

Following the principles of natural justice, the ITAT remanded the matter to CIT(A) for fresh consideration after giving the taxpayer a fair hearing.

ITAT Ahmedabad Remands Matter to CIT(A) After Notice Sent to Wrong Email

The ITAT rejects the 50% income estimation and holds Section 44AD applicable to business correspondent income.

Presumptive Taxation: ITAT Applies Section 44AD, Rejects Higher Rate

The ITAT condones the delay in filing Form 10B and restores the Sections 11 and 12 exemption claim, holding that technical delays should not override the principles of justice.

ITAT Holds Technical Delays Should Not Override Principles of Justice; Condones Form 10B Delay 

ITAT Ahmedabad quashed the reassessment against the assessee for lack of nexus, deleting the Rs. 94.50 lakh addition as unsustainable in law and on facts.

Additions Based on Third-Party Statements Not Sustainable: ITAT

The Tribunal held that Section 144C is a complete code and it first requires the AO to issue a draft assessment order to the eligible assessee.

ITAT Delhi: AO Must First Issue Draft Assessment to Eligible Assessee Under Section 144C

The ITAT granted partial relief to Co-Op Bank by invalidating Section 154 rectification on a debatable STCG set-off issue and allowing deduction of bad debts written off in the normal course of banking business.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

ITAT Ahmedabad Remands Matter to CIT(A) After Notice Sent to Wrong Email

Presumptive Taxation: ITAT Applies Section 44AD, Rejects Higher Rate

ITAT Holds Technical Delays Should Not Override Principles of Justice; Condones Form 10B Delay

Additions Based on Third-Party Statements Not Sustainable: ITAT

ITAT Delhi: AO Must First Issue Draft Assessment to Eligible Assessee Under Section 144C

Taxpayer not required to prove irrecoverability for claiming bad debts written off from books: ITAT