Judgement

The ITAT held that investment made before filing the return under Section 139(4) qualifies for Section 54F exemption, deleted the additions, and allowed the assessee’s appeal.

ITAT allows Section 54 exemption before due date of filing belated ITR

Reassessment was held invalid due to procedural defects and time limit issue; ITAT upheld CIT(A) and dismissed Revenue’s appeal.

Reassessment held invalid for Late Income Tax Notice

Articles

Reliance Infrastructure Limited informed stock exchanges that the Adjudicating Authority confirmed attachment of assets worth Rs 670.48 crore under PMLA. The company will appeal the order.

Reliance Infrastructure Received PMLA Order for Attachment of Assets Worth Rs 670.48 Crore

The ITAT set aside the CIT(A) order and directed the AO to delete the addition, holding that the books of accounts were wrongly rejected.

Rejecting Books of Account Without Pointing Out Any Defect is Bad in Law: ITAT

Jeweller’s demonetization cash deposits backed by sales records: ITAT deletes Income Tax addition under Sec 68 & 115BBE

ITAT deletes Income Tax addition on Jeweller’s demonetization cash deposits backed by sales records

The Trust’s application for Section 12AB registration and Section 80G approval was rejected due to scholarships given for studies abroad.

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ITAT allows Section 54 exemption before due date of filing belated ITR

Reassessment held invalid for Late Income Tax Notice

Reliance Infrastructure Received PMLA Order for Attachment of Assets Worth Rs 670.48 Crore

Rejecting Books of Account Without Pointing Out Any Defect is Bad in Law: ITAT

ITAT deletes Income Tax addition on Jeweller’s demonetization cash deposits backed by sales records

Scholarships Abroad Considered As Foreign Income Use Or Charitable Use In India: ITAT Answers