Judgement

The ITAT Nagpur condoned the delay in filing an appeal, accepting the taxpayer’s explanation and granting a fresh opportunity for adjudication before CIT(A).

Trust in CA Led to Delay: ITAT Restores Appeal After Accepting Taxpayer’s Explanation for Delay

The ITAT Hyderabad has quashed the reassessment proceedings for AY 2015-16, holding that the notice issued under Section 148 was barred by limitation.

Reassessment Notice Issued Beyond Limitation Period is Invalid, Rules ITAT

The ITAT held that reassessment proceedings under Section 147 of the Income Tax Act, 1961 are not sustainable where the statutory period for issuing notice under Section 143(2) had not expired.

ITAT Holds Reassessment Proceeding Is Invalid if Time Limit for Scrutiny under Section 143(2) Had Not Expired

The ITAT held that a genuine TDS credit reflected in Form 26AS cannot be denied merely because the assessee failed to claim it in the original return and directed the AO to verify and allow the credit.

ITAT Rules Genuine TDS Credit Cannot Be Denied Merely for Non-Claim in Original Return

ITAT holds RBI automatic route compliance sufficient for claiming 10% FTS tax rate.

ITAT Grants Concessional 10% Tax Rate on Technical Service Fees

ITAT Deletes Section 50C Addition, Rejects Stamp Duty Value Where DVO Variation Was Within 15% Tolerance Limit.

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Trust in CA Led to Delay: ITAT Restores Appeal After Accepting Taxpayer’s Explanation for Delay

Reassessment Notice Issued Beyond Limitation Period is Invalid, Rules ITAT

ITAT Holds Reassessment Proceeding Is Invalid if Time Limit for Scrutiny under Section 143(2) Had Not Expired

ITAT Rules Genuine TDS Credit Cannot Be Denied Merely for Non-Claim in Original Return

ITAT Grants Concessional 10% Tax Rate on Technical Service Fees

ITAT Discards Stamp Duty Value, Accepts Declared Sale Consideration