Judgement

ITAT deletes Rs 1.45 crore tax addition, saying a withdrawn statement alone cannot override supporting loan documents.

Survey Statement Alleging Bogus Loans Could Not Override Bank Records, ITRs and Confirmations; ITAT Deletes Rs. 1.45 Crore Section 68 Addition

The ITAT quashed Section 153C assessment proceedings after finding the AO's failure to record mandatory satisfaction linking seized material to the determination of taxable income.

ITAT Invalidates Section 153C Assessment Proceedings Over Failure to Record Proper Satisfaction

ITAT dismissed a taxpayer's claim to set off a Rs 62.74 lakh capital loss against future gains, citing delayed filing of the return.

COVID-19-Related Delay in Filing ITR Does Not Permit Set-Off of Capital Gains Against Carry-Forward Losses in Subsequent Assessment Year: ITAT

The Income Tax Appellate Tribunal (ITAT) Chennai has restored penalty proceedings to the CIT(A) after observing that the appeal had been dismissed solely on account of non-participation by the assessee.

ITAT Remands Section 270A Penalty Appeal, Holds CIT(A) Must Decide Matter on Merits Instead of Dismissing for Non-Prosecution

Articles

Verify your Form 16 details, TDS, deductions, and tax regime before filing your ITR to avoid errors and refund delays.

Form 16 Checklist: What Every Taxpayer Must Verify Before ITR Filing

The Income Tax Appellate Tribunal (ITAT) Delhi condoned a delay of 191 days in filing an appeal before the CIT(A) after accepting the assessee's explanation.

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Survey Statement Alleging Bogus Loans Could Not Override Bank Records, ITRs and Confirmations; ITAT Deletes Rs. 1.45 Crore Section 68 Addition

ITAT Invalidates Section 153C Assessment Proceedings Over Failure to Record Proper Satisfaction

COVID-19-Related Delay in Filing ITR Does Not Permit Set-Off of Capital Gains Against Carry-Forward Losses in Subsequent Assessment Year: ITAT

ITAT Remands Section 270A Penalty Appeal, Holds CIT(A) Must Decide Matter on Merits Instead of Dismissing for Non-Prosecution

Form 16 Checklist: What Every Taxpayer Must Verify Before ITR Filing

Delay in Filing Appeal Due to Accountant’s Death Constitutes Sufficient Cause; ITAT Condones 191-Day Delay