Judgement

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


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

The ITAT Agra held that Madras HC’s binding stay prevented SBI from deducting tax on Foreign-Travel LFCl.


ITAT Holds SBI Not in Default for Non-Deduction of TDS on LFC During Interim Protection

The ITAT restored Exemption under Section 11 as fee dispute was pending before Odisha High Court


ITAT Holds Section 11 Exemption Cannot Be Denied to Educational Trust Merely for Excess Fee Collection

News

Income Tax Department searches Prime Focus offices ahead of Ramayana release, reportedly over foreign remittances, while the company’s shares fall sharply.

Income Tax Department Conducts Searches at Prime Focus Offices Over Reported Foreign Remittances Ahead of Much-Awaited Ramayana Release

ITAT quashes reassessment for AY 2011-12 due to invalid Section 151 approval and directs deletion of the Rs 3.47 crore addition.

ITAT Sets Aside Rs 3.47 Crore Addition, Reopening Beyond 4 Years Without PCIT Approval Is Legally Invalid

ITAT Ahmedabad invalidated the entire reassessment proceedings as section 148 notice was issued after the statutory time limit as prescribed by the law. 

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

ITAT Holds SBI Not in Default for Non-Deduction of TDS on LFC During Interim Protection

ITAT Holds Section 11 Exemption Cannot Be Denied to Educational Trust Merely for Excess Fee Collection

Income Tax Department Conducts Searches at Prime Focus Offices Over Reported Foreign Remittances Ahead of Much-Awaited Ramayana Release

ITAT Sets Aside Rs 3.47 Crore Addition, Reopening Beyond 4 Years Without PCIT Approval Is Legally Invalid

ITAT Invalidates Entire Reassessment Proceedings After Issuance of Section 148 Notice After Statutory Time Limit Prescribed Under Law