News

The NFAC has deleted the Rs 621.52 million income tax addition made against Clean Max Enviro Energy Solutions' wholly owned subsidiary, Surya Energy Photovoltaic India.

Clean Max Subsidiary Wins Income Tax Appeal After NFAC Deleted 654.45 Million Tax Demand 

Judgement

The ITAT Bangalore holds that appeal cannot be dismissed merely for non-prosecution without proper adjudication and opportunity of being heard.


ITAT Remands All Income Tax Additions for Fresh Assessment After Denying Assessee Opportunity of Hearing

The ITAT Bangalore rules that Penalty for Under-Reporting of Income is not automatic and  grants relief to non-resident assessee.

ITAT Holds COVID-19 Disruption and Bona Fide Explanation Justify Non-Filing of ITR

The ITAT Bangalore condones 78-day delay in appeal filing and remands quantum additions and Section 270A penalty for fresh adjudication.

ITAT Deletes Penalty Under Section 271DA for Cash Deposited Directly by Customer Without Assessee’s Consent

The ITAT Bangalore holds interest on compulsory statutory deposits is attributable to the business of providing credit facilities to members.

ITAT Allows Section 80P(2)(a)(i) Deduction on Interest Earned from Statutory Deposits with Co-operative Banks

The ITAT Bangalore grants taxpayer another opportunity to reconcile bank deposits with business turnover.

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Clean Max Subsidiary Wins Income Tax Appeal After NFAC Deleted 654.45 Million Tax Demand

ITAT Remands All Income Tax Additions for Fresh Assessment After Denying Assessee Opportunity of Hearing

ITAT Holds COVID-19 Disruption and Bona Fide Explanation Justify Non-Filing of ITR

ITAT Deletes Penalty Under Section 271DA for Cash Deposited Directly by Customer Without Assessee’s Consent

ITAT Allows Section 80P(2)(a)(i) Deduction on Interest Earned from Statutory Deposits with Co-operative Banks

ITAT Remands Rs 16.69 Crore Cash Deposit Addition to AO for Fresh Verification of Egg Sales