Search Results for "income tax appellate tribunal News | Supremetoday AI"

ITAT Surat Limits PCIT’s Section 263 Powers: Mere 'Inadequate Inquiry' Isn't Enough for Revision

ITAT Surat Limits PCIT’s Section 263 Powers: Mere 'Inadequate Inquiry' Isn't Enough for Revision

#IncomeTaxIndia #TaxLitigation

ITAT Surat Limits PCIT’s Section 263 Powers: Mere 'Inadequate Inquiry' Isn't Enough for Revision In a definitive ruling that reinforces the stability of assessment procedures, the Income Tax Appellate Tribunal (ITAT), Surat Bench, has curtailed the reach of the Principal C...

India - Income Tax Appellate Tribunal Section 263 of the Income Tax Act, 1961 28 Mar 2025
Ad-Hoc Disallowances Without Evidence Are Unsustainable: ITAT Rajkot Grants Relief in Krishna Construction Appeal

Ad-Hoc Disallowances Without Evidence Are Unsustainable: ITAT Rajkot Grants Relief in Krishna Construction Appeal

#IncomeTaxAppellateTribunal #TaxLitigation

ITAT Rajkot Curbs Arbitrary Tax Disallowances: A Win for Construction Contractors In a significant ruling for the construction sector, the Income Tax Appellate Tribunal (ITAT), Rajkot Bench, has set aside and modified several ad-hoc additions made by tax authorit...

India - Income Tax Appellate Tribunal Ad-hoc Disallowances under the Income Tax Act 28 Mar 2025
Unexplained Cash Deposits and 'Angadia' Status: ITAT Rajkot Remits Matters for Fresh Fact-Finding

Unexplained Cash Deposits and 'Angadia' Status: ITAT Rajkot Remits Matters for Fresh Fact-Finding

#IncomeTax #HawalaCase #LegalNews

Unexplained Cash Deposits: ITAT Rajkot Intervenes in High-Stakes 'Angadia' Tax Disputes In a significant series of rulings, the Income Tax Appellate Tribunal (ITAT), Rajkot Bench, has set aside multiple assessment orders involving individuals claim...

India - Income Tax Appellate Tribunal Unexplained Cash Credits under Section 68 28 Mar 2025
ITAT Rajkot Remands Section 50C Tax Dispute for DVO Valuation to Resolve Disparities

ITAT Rajkot Remands Section 50C Tax Dispute for DVO Valuation to Resolve Disparities

#IncomeTax #Section50C

ITAT Steps In: Tax Dispute Remanded for DVO Valuation in Property Sale Case In a significant move for taxpayers facing property-related tax assessments, the Income Tax Appellate Tribunal (ITAT), Rajkot Bench, has set aside a tax addition made under Sec...

India - Income Tax Appellate Tribunal Section 50C Income Tax Act 28 Mar 2025
ITAT Hyderabad Rules AO Can Utilize Non-Search Material for Abated Assessments under Section 153A of IT Act

ITAT Hyderabad Rules AO Can Utilize Non-Search Material for Abated Assessments under Section 153A of IT Act

#TaxLaw #IncomeTax

Defining the Boundary: ITAT Hyderabad Clarifies AO’s Authority in Abated Assessments In a significant ruling for taxpayers and theRevenue departmentalike, the Income Tax Appellate Tribunal (ITAT) Hyderabad "B" Bench has provided much-needed clarity regarding an Assessing Officer's (AO) power ...

India - Income Tax Appellate Tribunal Section 153A of the Income Tax Act, 1961 24 Mar 2025
Absence of Incriminating Material Bars Section 153A Additions in Unabated Assessments: ITAT Guwahati

Absence of Incriminating Material Bars Section 153A Additions in Unabated Assessments: ITAT Guwahati

#Section153A #IncomeTaxAppellateTribunal

Scaling Back the Scope: ITAT Clarifies Limits onSection 153AAssessments In a significant ruling for taxpayers, theIncome Tax Appellate Tribunal (ITAT), Guwahati Bench, has affirmed that Assessing Officers (AO) cannot make additions to "unabated" or completed assessments without the discovery ...

India - Income Tax Appellate Tribunal Section 153A Assessment 24 Mar 2025
Absence of Incriminating Material Bars Section 69B Additions Under Section 153C of IT Act: ITAT Chandigarh

Absence of Incriminating Material Bars Section 69B Additions Under Section 153C of IT Act: ITAT Chandigarh

#IncomeTax #TaxLitigation

No Evidence, No Addition: ITAT Chandigarh Reins in Tax Authorities on Section 153C Assessments In a significant ruling for corporate taxpayers, theIncome Tax Appellate Tribunal (ITAT) Chandigarhhas reinforced the fundamental requirement of "incriminating material" for initiating proceedings u...

India - Income Tax Appellate Tribunal Section 153C and 69B Income Tax Act 24 Mar 2025
Interest Received u/s 28 of The Land Acquisition Act is Not Taxable as Income from Other Sources: ITAT Delhi Bench

Interest Received u/s 28 of The Land Acquisition Act is Not Taxable as Income from Other Sources: ITAT Delhi Bench

#IncomeTax #LandAcquisition

Legal Clarity on Land Compensation Interest: ITAT Rules in Favor of Taxpayers In a significant relief for property owners whose land has been subject to compulsory acquisition, the Income Tax Appellate Tribunal (ITAT), Delhi Bench, has reinforced the legal standi...

India - Income Tax Appellate Tribunal Taxability of Interest on Enhanced Compensation 24 Mar 2025
Evidence Alone Can't Sustain Addition in Search Cases Without Cross-Examination: ITAT Hyderabad

Evidence Alone Can't Sustain Addition in Search Cases Without Cross-Examination: ITAT Hyderabad

#IncomeTax #ITAT

ITAT Hyderabad Limits Revenue's Power to Tax Based on Third-Party Statements in Search Cases In a landmark ruling that protects assessee rights during search and seizure proceedings, theIncome Tax Appellate Tribunal (ITAT), Hyderabad Bench, has emphasized that additions for alleged "on-money"...

India - Income Tax Appellate Tribunal Section 153A, Search and Seizure, Principles of Natural Justice 24 Mar 2025
ITAT Jaipur Grants Second Chance to Charitable Trust in Ex-Parte Tax Assessment Dispute

ITAT Jaipur Grants Second Chance to Charitable Trust in Ex-Parte Tax Assessment Dispute

#TaxLitigation #ITAT

ITAT Jaipur Grants Second Chance to Charitable Trust in Ex-Parte Tax Assessment Dispute In a move emphasizing the principles of natural justice, theIncome Tax Appellate Tribunal (ITAT), Jaipur Bench, has set aside an ex-parte assessment order issued against theSeth Badri Prasad Ummedi Devi Pa...

India - Income Tax Appellate Tribunal Reassessment Proceedings under Section 147/148 24 Mar 2025
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