Judgement

The Mumbai ITAT ruled that a co-operative society’s surplus from member contributions is not taxable under the doctrine of mutuality and deleted the Section 234F fee.

ITAT Rules Maintenance Charges and Property Tax Recoveries Collected from Members Are Not Taxable

The ITAT sets aside the reassessment order and directs a fresh examination of property investment and bank deposits after providing adequate opportunity of hearing.

NRI Seafarer Faced Rs. 82.50 Lakh Additions for Property Purchase and Cash Deposits; ITAT Orders Fresh Assessment

ITAT deletes Section 14A addition, allows dredging expenses and remands reconciliation dispute.

Jetty Operator Wins Rs. 4.49 Crore Dredging Expense Claim; ITAT Deletes Section 14A Disallowance and Remands Form 26AS Mismatch Addition

EPACK Durable received significant tax relief after the Income Tax Department reduced its tax demand from Rs 29.03 crore to Rs 5.89 crore through a rectification order.

EPACK Durable Gets Major Tax Relief as Income Tax Demand Drops from Rs 29.03 Crore to Rs 5.89 Crore

Tribunal remands matter after finding assessee denied access to relied-upon evidence and statements.

Gurgaon Resident Hit with Rs. 18 Lakh Unexplained Income Addition Based on Alleged Cash Rent from Liquor Group; ITAT Orders Fresh Assessment

Gurgaon Resident Hit with ₹18 Lakh Unexplained Income Addition Based on Alleged Cash Rent from Liquor Group; ITAT Orders Fresh Assessment

News

This financial year, taxpayers need to be more cautious while filing their ITRs, as the Tax Department is sending bulk automated intimations and emails to taxpayers making these mistakes.

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ITAT Rules Maintenance Charges and Property Tax Recoveries Collected from Members Are Not Taxable

NRI Seafarer Faced Rs. 82.50 Lakh Additions for Property Purchase and Cash Deposits; ITAT Orders Fresh Assessment

Jetty Operator Wins Rs. 4.49 Crore Dredging Expense Claim; ITAT Deletes Section 14A Disallowance and Remands Form 26AS Mismatch Addition

EPACK Durable Gets Major Tax Relief as Income Tax Demand Drops from Rs 29.03 Crore to Rs 5.89 Crore

Gurgaon Resident Hit with ₹18 Lakh Unexplained Income Addition Based on Alleged Cash Rent from Liquor Group; ITAT Orders Fresh Assessment

Income Tax Dept May Send You Notices for These Common Mistakes