Judgement

ITAT Mumbai held that a notional actuarial gratuity gain cannot be taxed and directed full recalculation of refund interest under Section 244A.

ITAT Mumbai Deletes Rs. 37.21 Lakh Notional Gratuity Addition, Actuarial Gratuity Gain Not Real Income

ITAT Chennai ruled that proceeds from Silver Oak trees grown on a tea estate constitute agricultural income and not capital gains.

Sales Proceeds From Silver Oak Tree To Be Treated as Agricultural Income: ITAT 

Articles

Know the common reasons why salaried taxpayers often receive income tax notices.

Common Reasons Why Salaried Employees Receive Income Tax Notices

The addition made by AO and sustained by the CIT(A) was deleted, and the AO was ordered to provide the necessary relief to the assessee company.

ITAT Holds Payment to Labour Union for Resolving Labour Issues as Allowable Business Expenditure

Tribunal holds that Section 68 cannot apply when no books of account exist and cash deposits were admitted by a third party.

ITAT Deletes Cash Deposit Additions; Holds Section 68 Cannot Apply Without Books of Account

Tribunal held that the AO violated Section 144C by finalising assessment before expiry of the statutory 30-day period for filing objections, rendering the assessment order invalid

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ITAT Mumbai Deletes Rs. 37.21 Lakh Notional Gratuity Addition, Actuarial Gratuity Gain Not Real Income

Sales Proceeds From Silver Oak Tree To Be Treated as Agricultural Income: ITAT

Common Reasons Why Salaried Employees Receive Income Tax Notices

ITAT Holds Payment to Labour Union for Resolving Labour Issues as Allowable Business Expenditure

ITAT Deletes Cash Deposit Additions; Holds Section 68 Cannot Apply Without Books of Account

ITAT Bangalore Quashes Assessment for Non-Issuance of Draft Order Under Section 144C