Judgement

The ITAT quashes rectification order, holding Section 154 cannot review appellate decisions without hearing the assessee.

ITAT Quashes CIT(A)'s Rectification Order Passed Without Notice, Restores Relief on Land Acquisition Interest

The ITAT deleted a Section 271B tax audit penalty, holding that the assessee's bona fide belief and consistent tax treatment constituted a reasonable cause under Section 273B.

ITAT Deletes Section 271B Penalty for Non-Filing of Tax Audit Report Due to Bona Fide Belief

Articles

A complete guide on taxability of bonus shares in India covering allotment rules, cost of acquisition, holding period, and capital gains on sale.

Taxability of Bonus Shares in India: Complete Guide on Income Tax and Capital Gains

The ITAT Bangalore deleted the Rs 2.34 crore GST Refund addition, holding it non-taxable income since GST was not debited to the profit and loss account.

ITAT Rules GST Refund Is Not Taxable Income; Deletes Rs 2.34 Crore Addition on Recovery-of-Asset Principle

The Income Tax Appellate Tribunal (ITAT) Delhi condoned a delay of 1486 days in filing an appeal before the CIT(A), observing that the assessee was not properly served with assessment proceedings and the assessment order.

ITAT Condones 1486 Days Delay in Filing Appeal Holding Assessee Was Denied Opportunity Due to Non-Service of Assessment Order

Section 250(6) mandates reasoned findings even in ex parte appellate proceedings.

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ITAT Quashes CIT(A)'s Rectification Order Passed Without Notice, Restores Relief on Land Acquisition Interest

ITAT Deletes Section 271B Penalty for Non-Filing of Tax Audit Report Due to Bona Fide Belief

Taxability of Bonus Shares in India: Complete Guide on Income Tax and Capital Gains

ITAT Rules GST Refund Is Not Taxable Income; Deletes Rs 2.34 Crore Addition on Recovery-of-Asset Principle

ITAT Condones 1486 Days Delay in Filing Appeal Holding Assessee Was Denied Opportunity Due to Non-Service of Assessment Order

ITAT Remands Rs 6 Crore Section 68 Addition After Finding CIT(A)’s Ex-Parte Order Non-Speaking