Judgement

The Income Tax Appellate Tribunal (ITAT) Mumbai condoned a delay of 460 days in filing the appeal by an 87-year-old assessee suffering from age-related ailments and lacking familiarity with electronic communications.

87-Year-Old Taxpayer Filed Appeal 460 Days Late Due to Health Issues; ITAT Condones Delay and Restores Matter to CIT(A)

The Income Tax Appellate Tribunal (ITAT) Delhi has deleted an addition of Rs.17.80 lakh made under Section 68 of the Income Tax Act, 1961, holding that the assessee had discharged its primary burden by furnishing confirmations, bank statements and income tax returns.

ITAT Deletes Section 68 Addition on Funds Received from Directors and Group Concern

The ITAT deleted a Rs 5.55 lakh addition on a flat purchase after holding that the difference between the purchase price and stamp duty value was within the 10% safe-harbour limit.

Flat Buyer Purchased Pune Apartment for Rs. 1.26 Crore, Faced Tax on Rs. 5.55 Lakh Stamp Duty Difference; ITAT Deletes Addition as Variation Was Within 10% Limit

The ITAT remanded a Rs 23.05 crore ex-parte assessment to the AO, granting the taxpayer a fresh opportunity after finding genuine reasons for non-appearance during appellate proceedings.

No Fair Hearing? ITAT Restores Taxpayer’s Appeal After Notices Sent to Temporary Email ID

The Income Tax Appellate Tribunal (ITAT), Bangalore held that returns filed subsequently in response to notice under Section 148 do not satisfy the statutory requirement introduced by Section 80AC with effect from Assessment Year 2018-19.

ITAT Holds That Primary Agricultural Credit Co-operative Society Not Entitled to Section 80P Deduction for Return Filed in Response to Section 148 Notice

The ITAT deleted a Rs 31.76 lakh Section 69A addition after finding sufficient evidence supporting the assessee’s agricultural income claim.

Explore Our Blogs

87-Year-Old Taxpayer Filed Appeal 460 Days Late Due to Health Issues; ITAT Condones Delay and Restores Matter to CIT(A)

ITAT Deletes Section 68 Addition on Funds Received from Directors and Group Concern

Flat Buyer Purchased Pune Apartment for Rs. 1.26 Crore, Faced Tax on Rs. 5.55 Lakh Stamp Duty Difference; ITAT Deletes Addition as Variation Was Within 10% Limit

No Fair Hearing? ITAT Restores Taxpayer’s Appeal After Notices Sent to Temporary Email ID

ITAT Holds That Primary Agricultural Credit Co-operative Society Not Entitled to Section 80P Deduction for Return Filed in Response to Section 148 Notice

ITAT Deletes Rs 31.76 Lakh Section 69A Addition, Accepts Farmer’s Agricultural Income Claim