News

Cummins India disclosed that the Income Tax Department has approached the Bombay High Court challenging ITAT relief granted on a Rs 210.77 crore tax adjustment.

Income Tax Department Challenges Rs 210.77 Crore ITAT Relief Granted to Cummins India Before Bombay High Court

Judgement

 High Court Quashes Section 148 Reassessment Notice for 2015-16 as Barred by Limitation 

ITAT Deletes Additions for Cash Deposits After Finding Assessee's Explanation Credible

Tribunal holds consequential assessment void after Section 263 order is quashed, without examining deduction merits.

ITAT Holds Section 263 Assessment Cannot Survive After Revision Order Is Quashed.

ITAT Holds Section 263 Assessment Cannot Survive After Revision Order Is Quashed

ITAT rules CPC cannot disallow Section 80P deduction through summary processing or rectification.

ITAT Allows Section 80P Deduction on Interest From Co-operative Banks.

ITAT Allows Section 80P Deduction on Interest From Co-operative Banks

ITAT holds donations cannot be fully taxed without verifying allowable expenditure under normal provisions.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

Income Tax Department Challenges Rs 210.77 Crore ITAT Relief Granted to Cummins India Before Bombay High Court

High Court Quashes Section 148 Reassessment Notice for 2015-16 as Barred by Limitation

ITAT Deletes Additions for Cash Deposits After Finding Assessee's Explanation Credible

ITAT Holds Section 263 Assessment Cannot Survive After Revision Order Is Quashed

ITAT Allows Section 80P Deduction on Interest From Co-operative Banks

ITAT Remands Charitable Trust Taxation Dispute Despite Denial of Section 12A Registration