Judgement

Court holds Revenue cannot disregard earlier finding of no taxability; mandates issuance of Nil rate certificate under Section 195

High Court Directs Nil TDS Certificate for Ernst & Young LLP; 5.25% Rate Set Aside

ITAT Delhi partially upholds the tax department’s appeal, taxing cash gifts while deleting credit card and agricultural land sale additions for AY 2021-22.

ITAT Partially Upholds Cash Gift Additions, Deletes Credit Card and Agricultural Land Sale Additions

Articles

These young professionals are required to help the departmental officers prepare the cases admitted for hearing before the Income Tax Appellate Tribunal, Lucknow.

CA & Law Professionals Take Note! Income Tax Dept Hiring Young Professionals for Litigation Assignments

Penalty cannot be levied where additions are based purely on estimation of profit element in alleged bogus purchases, rules Tribunal

ITAT Deletes Penalty Where Bogus Purchase Addition Based on Estimated Profit

Addition unsustainable where housing loan and spouse’s bank trail accepted in parallel assessment

ITAT  Deletes Rs. 14.74 Lakh Section 69 Addition and Alleged On-Money in Flat Purchase Case

ITAT Deletes Rs. 14.74 Lakh Section 69 Addition and Alleged On-Money in Flat Purchase Case

Interest and other non-mutual income require examination under Section 11, not merely on principle of mutuality, rules ITAT.

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High Court Directs Nil TDS Certificate for Ernst & Young LLP; 5.25% Rate Set Aside

ITAT Partially Upholds Cash Gift Additions, Deletes Credit Card and Agricultural Land Sale Additions

CA & Law Professionals Take Note! Income Tax Dept Hiring Young Professionals for Litigation Assignments

ITAT Deletes Penalty Where Bogus Purchase Addition Based on Estimated Profit

ITAT Deletes Rs. 14.74 Lakh Section 69 Addition and Alleged On-Money in Flat Purchase Case

Section 12A-Registered Body’s Claim Under Section 11 Requires Independent Adjudication, Rules ITAT