Judgement

The ITAT Kolkata holds that genuine reasons for delay must be considered to ensure substantial justice.

ITAT Remands Reassessment Case for Fresh Adjudication 

The ITAT Kolkata directs CIT(A) to examine all grounds of appeal and relevant documents before deciding deduction claim



 ITAT Remands Rs 4 Lakh Section 80GGC Deduction Dispute to CIT(A) 

The ITAT Kolkata sets aside Assessment dispute for fresh proceedings after CIT(A) failed to decide grounds of appeal on merits


ITAT Remands Ex-Parte Assessment for Fresh Adjudication 

ITAT deleted Section 68 addition after finding that the assessee had sufficiently established the lender’s identity, creditworthiness and genuineness of the loan transaction.

ITAT Deletes Rs 2.67 Crore Section 68 Addition, Rejects Retrospective Source-of-Source Requirement

News

Income Tax officials from Lucknow and Gorakhpur surveyed Maharajganj Municipal Cooperative Bank, scrutinizing accounts, transactions, loans and tax records for possible irregularities.

Income Tax Officials Conduct Survey at Maharajganj Municipal Cooperative Bank, Examine Large Accounts, Loans and Suspicious Transactions

The ITAT Ahmedabad held that Section 115BAB option once exercised cannot be disregarded merely because no tax was computed in first year


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ITAT Remands Reassessment Case for Fresh Adjudication

ITAT Remands Rs 4 Lakh Section 80GGC Deduction Dispute to CIT(A)

ITAT Remands Ex-Parte Assessment for Fresh Adjudication

ITAT Deletes Rs 2.67 Crore Section 68 Addition, Rejects Retrospective Source-of-Source Requirement

Income Tax Officials Conduct Survey at Maharajganj Municipal Cooperative Bank, Examine Large Accounts, Loans and Suspicious Transactions

ITAT Allows 115BAB Tax Benefit Claim And Remands Eligibility Verification to AO