Judgement

The ITAT remanded the matter to the CIT(A) for fresh adjudication with a fair hearing despite the assessee's repeated non-compliance, subject to payment of Rs 1,000 costs.

ITAT Grants Fresh Hearing Despite Repeated Non-Compliance Before CIT(A), Imposes Rs 1,000 Cost on Taxpayer

ITAT held that an order passed against a deceased taxpayer is invalid and directed a fresh hearing after notifying the legal heir.

ITAT Sets Aside CIT(A) Order Passed After Taxpayer's Death

The ITAT held that carbon credit sale receipts earned before the introduction of Section 115BBG are capital receipts, not taxable, and must be excluded from Section 115JB book profit computation.

ITAT Holds Carbon Credit Receipts Not Taxable, Directs Exclusion from Section 115JB Computation

ITAT allowed the full Section 87A rebate on Section 111A STCG under the new tax regime for AY 2024–25 where total income does not exceed Rs 7 lakh.

ITAT Directs Grant of Full Section 87A Rebate, Rejects CPC's Restricted Computation

ITAT excludes carbon credit receipts and FPS incentives from taxable income and MAT computation.

ITAT: Carbon Credit Receipts Are Capital, Not Taxable Under Income Tax

ITAT grants VRS exemption despite omission in return and directs consequential refund with TDS relief.

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ITAT Grants Fresh Hearing Despite Repeated Non-Compliance Before CIT(A), Imposes Rs 1,000 Cost on Taxpayer

ITAT Sets Aside CIT(A) Order Passed After Taxpayer's Death

ITAT Holds Carbon Credit Receipts Not Taxable, Directs Exclusion from Section 115JB Computation

ITAT Directs Grant of Full Section 87A Rebate, Rejects CPC's Restricted Computation

ITAT: Carbon Credit Receipts Are Capital, Not Taxable Under Income Tax

ITAT Allows Section 10(10B) Exemption on BSNL VRS Compensation Despite Return Omission