Judgement

ITAT Delhi partially upholds the tax department’s appeal, taxing cash gifts while deleting credit card and agricultural land sale additions for AY 2021-22.

ITAT Partially Upholds Cash Gift Additions, Deletes Credit Card and Agricultural Land Sale Additions

Articles

These young professionals are required to help the departmental officers prepare the cases admitted for hearing before the Income Tax Appellate Tribunal, Lucknow.

CA & Law Professionals Take Note! Income Tax Dept Hiring Young Professionals for Litigation Assignments

Penalty cannot be levied where additions are based purely on estimation of profit element in alleged bogus purchases, rules Tribunal

ITAT Deletes Penalty Where Bogus Purchase Addition Based on Estimated Profit

Addition unsustainable where housing loan and spouse’s bank trail accepted in parallel assessment

ITAT  Deletes Rs. 14.74 Lakh Section 69 Addition and Alleged On-Money in Flat Purchase Case

ITAT Deletes Rs. 14.74 Lakh Section 69 Addition and Alleged On-Money in Flat Purchase Case

Interest and other non-mutual income require examination under Section 11, not merely on principle of mutuality, rules ITAT.

Section 12A-Registered Body’s Claim Under Section 11 Requires Independent Adjudication, Rules ITAT

Wrong invocation of Section 143(3) in post-search proceedings and mechanical approval under Section 153D vitiate assessment

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ITAT Partially Upholds Cash Gift Additions, Deletes Credit Card and Agricultural Land Sale Additions

CA & Law Professionals Take Note! Income Tax Dept Hiring Young Professionals for Litigation Assignments

ITAT Deletes Penalty Where Bogus Purchase Addition Based on Estimated Profit

ITAT Deletes Rs. 14.74 Lakh Section 69 Addition and Alleged On-Money in Flat Purchase Case

Section 12A-Registered Body’s Claim Under Section 11 Requires Independent Adjudication, Rules ITAT

ITAT Quashes Assessment Framed Under Section 143(3) Instead of 153A in Search Case