Judgement

The Income Tax Appellate Tribunal (ITAT) Bangalore has held that an AO cannot invoke Section 14A read with Rule 8D without first recording the mandatory satisfaction after examining its accounts.

ITAT Deletes Section 14A Disallowance for Failure to Record Mandatory Satisfaction Before Invoking Rule 8D

ITAT remanded the Section 69A cash deposit case to the AO for fresh adjudication after imposing a Rs 15,000 cost on the assessee.

ITAT Grants Fresh Hearing Despite Repeated Non-Compliance, Imposes Rs 15,000 Cost

The Income Tax Appellate Tribunal (ITAT) Bangalore has quashed the penalty imposed under Section 270A holding that the assessee was never made aware of the actual charge.

ITAT Quashes Section 270A Penalty as Assessee Was Not Informed of Actual Charge

ITAT held that cash deposits collected from customers for DMT services were merely pass-through funds and not the assessee's taxable income, deleting the Rs 86.98 lakh addition.

ITAT Deletes Rs 86.98 Lakh Addition on Cash Deposits Routed for DMT Transactions

Articles

Complete guide to ITR filing after death covering legal heir registration, income allocation, and correct ITR form selection in India.

ITR Filing for a Deceased Taxpayer: Legal Heir Registration, Partial-Year Income, and Form Selection

The ITAT says to initiate reassessment proceedings, a taxpayer must be granted a minimum of 7 days' time limit to respond to a Section 148(b) notice.

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ITAT Deletes Section 14A Disallowance for Failure to Record Mandatory Satisfaction Before Invoking Rule 8D

ITAT Grants Fresh Hearing Despite Repeated Non-Compliance, Imposes Rs 15,000 Cost

ITAT Quashes Section 270A Penalty as Assessee Was Not Informed of Actual Charge

ITAT Deletes Rs 86.98 Lakh Addition on Cash Deposits Routed for DMT Transactions

ITR Filing for a Deceased Taxpayer: Legal Heir Registration, Partial-Year Income, and Form Selection

ITAT Holds A Taxpayer Must Be Granted Minimum 7-Day Time Limit to Respond A Section 148(b) Notice