Judgement

ITAT ruled that an inadvertent clerical error in selecting the 5% cash transaction option under Section 44AB cannot, by itself, render an income tax return invalid and remanded the matter to the AO for verification.

Income Tax Return Cannot Be Declared Invalid Over Clerical Error in Section 44AB Audit Option, Clarifies ITAT

The Kolkata ITAT remanded the ex-parte tax appeal to the CIT(A) for fresh adjudication, directing that the taxpayer be given a reasonable opportunity to present its case.

ITAT Remands Income Tax Appeal for Fresh Adjudication After Issuance of Order Without Proper Hearing Opportunity

ITAT holds that the AO cannot make additions on unrelated issues when no addition is made on the grounds recorded for reopening the assessment.

AO Cannot Make Addition on Unrelated Issue When No Addition Is Made on Grounds Recorded for Reopening Assessment: ITAT

ITAT directs deletion of Rs 60 lakh addition under Section 69A, accepting a widow’s claim that cash deposits were gifts received from her deceased husband.

Are Cash Gifts Received by a Widow from her Late Husband Liable to Tax? ITAT Clarifies

News

Bihar CM Samrat Choudhary urges taxpayers and well-off consumers to give up 125 units of free electricity to support state development.

Bihar CM Samrat Choudhary Urges Income Tax Payers and High Income Consumers to Voluntarily Give Up 125 Units of Free Electricity Benefit

The Karnataka High Court holds that applications under Section 119(2)(b) cannot be rejected by examining the merits of revised return claims.

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Income Tax Return Cannot Be Declared Invalid Over Clerical Error in Section 44AB Audit Option, Clarifies ITAT

ITAT Remands Income Tax Appeal for Fresh Adjudication After Issuance of Order Without Proper Hearing Opportunity

AO Cannot Make Addition on Unrelated Issue When No Addition Is Made on Grounds Recorded for Reopening Assessment: ITAT

Are Cash Gifts Received by a Widow from her Late Husband Liable to Tax? ITAT Clarifies

Bihar CM Samrat Choudhary Urges Income Tax Payers and High Income Consumers to Voluntarily Give Up 125 Units of Free Electricity Benefit

High Court Sets Aside Rejection of Condonation Applications for Revised Returns for Five Assessment Years