Judgement

The ITAT Agra held that Madras HC’s binding stay prevented SBI from deducting tax on Foreign-Travel LFCl.


ITAT Holds SBI Not in Default for Non-Deduction of TDS on LFC During Interim Protection

The ITAT Agra deleted unexplained investment additions of Rs 30 lakh and Rs 97 lakh made under Section 69 of the Income Tax Act.

ITAT Held Additions Based on Excel Sheets and Statements Without Corroborative Evidence Cannot Sustain Section 69 Proceedings 

ITAT Agra deletes Rs 30,000 penalty as the consequential assessment proceedings lost legal effect.

ITAT  Sets Aside Rs 30,000 Penalty for Failure to Comply with Section 142(1) Tax Notice

The ITAT Agra Bench remanded the tax dispute to the Assessing Officer for fresh assessment, granting another opportunity despite the taxpayer's repeated non-appearance.

ITAT Gives One More Opportunity Despite Repeated Non-Appearance

The ITAT Agra quashed reassessment proceedings in a Rs 3.5 lakh donation deduction case, holding the Section 148 notice as time-barred and legally invalid.

ITAT Sets Aside Reassessment, Says Rs 3.5 Lakh Escaped Income Below Rs 50 Lakh Threshold for Extended Limitation

ITAT Agra has stated that Penalty u/s 271(1)(b) cannot be levied if non-appearance occurred due to non-receipt of notice.

Penalty u/s 271(1)(b) cannot be levied if non-appearance occurred due to non-receipt of notice: ITAT

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ITAT Holds SBI Not in Default for Non-Deduction of TDS on LFC During Interim Protection

ITAT Held Additions Based on Excel Sheets and Statements Without Corroborative Evidence Cannot Sustain Section 69 Proceedings

ITAT Sets Aside Rs 30,000 Penalty for Failure to Comply with Section 142(1) Tax Notice

ITAT Gives One More Opportunity Despite Repeated Non-Appearance

ITAT Sets Aside Reassessment, Says Rs 3.5 Lakh Escaped Income Below Rs 50 Lakh Threshold for Extended Limitation

Penalty u/s 271(1)(b) cannot be levied if non-appearance occurred due to non-receipt of notice: ITAT