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

Belated Filing Renders Revised Tax Return Non-Est Under Section 139(5): ITAT Hyderabad Rules

Belated Filing Renders Revised Tax Return Non-Est Under Section 139(5): ITAT Hyderabad Rules

#IncomeTaxAppellateTribunal #TaxLaw

Beyond the Deadline: Taxpayer Denied Revision Right After Belated FilingIn a significant ruling clarifying the procedural boundaries of tax compliance, the Income Tax Appellate Tribunal (ITAT) Hyderabad has held that a taxpayer who files an original tax return after the statutory deadline is ...

India - Income Tax Appellate Tribunal Section 139(5) of the Income Tax Act 24 Mar 2025
ITAT Pune: Inaccurate Transfer Pricing Comparables and Functional Differences Require TPO Re-adjudication in Business Support Services

ITAT Pune: Inaccurate Transfer Pricing Comparables and Functional Differences Require TPO Re-adjudication in Business Support Services

#TransferPricing #ITATPune

ITAT Pune Rules on Comparability: Refining Transfer Pricing for Business Support Services In a significant ruling for multinational captive service providers, theIncome Tax Appellate Tribunal(ITAT),Pune Bench, has provided clarity on the selection of comparable companies for Transfer Pricing ...

India - Income Tax Appellate Tribunal Arm's Length Price Determination 24 Mar 2025
Compensation Under RFCTLAAR Act, 2013 Exempt for All Entities, Holds ITAT Pune Bench

Compensation Under RFCTLAAR Act, 2013 Exempt for All Entities, Holds ITAT Pune Bench

#TaxExemption #LandAcquisition

Does Corporate Status Curb Tax Relief on Land Compensation? ITAT Pune Weighs In In a significant ruling for businesses engaged in real estate and land development, the Income Tax Appellate Tribunal (ITAT) Pune Bench has clarified the scope of tax exemptions on compensation rece...

India - Income Tax Appellate Tribunal Exemption on Compulsory Land Acquisition Compensation 24 Mar 2025
Running a 'Dharamshala' is Not Necessarily Commercial Activity: ITAT Jaipur Remands Section 12AB Registration Case

Running a 'Dharamshala' is Not Necessarily Commercial Activity: ITAT Jaipur Remands Section 12AB Registration Case

#IncomeTaxAppellateTribunal #CharitableTrusts

Running a 'Dharamshala' is Not Necessarily Commercial Activity: ITAT Jaipur Remands Section 12AB Registration Case In a significant ruling for public charitable trusts, theIncome Tax Appellate Tribunal (ITAT), Jaipur Bench, has set aside a rejection order regarding registration status underSe...

India - Income Tax Appellate Tribunal Section 12AB of Income Tax Act 24 Mar 2025
ITAT Pune Quashes Reassessment Under Section 69D, Citing Improper Sanction and Lack of 'Reason to Believe'

ITAT Pune Quashes Reassessment Under Section 69D, Citing Improper Sanction and Lack of 'Reason to Believe'

#IncomeTaxIndia #TaxLitigation

ITAT Pune Quashes Reassessment Under Section 69D, Citing Improper Sanction and Lack of 'Reason to Believe' In a significant ruling for taxpayers, the Pune Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassess...

India - Income Tax Appellate Tribunal Section 147 & 69D of the Income Tax Act, 1961 24 Mar 2025
Section 14A Amendment Not Retrospective and ESOP Costs Deductible U/s 37: ITAT Mumbai

Section 14A Amendment Not Retrospective and ESOP Costs Deductible U/s 37: ITAT Mumbai

#TaxLaw #ITAT

ITAT Mumbai Clarifies Section 14A Scope and ESOP Treatment: A Relief for Corporate Taxpayers In a significant ruling for corporate taxpayers, theIncome Tax Appellate Tribunal (ITAT) Mumbaihas provided clarity on two contentious tax issues: the retrospective applicability of amendments to Sect...

India - Income Tax Appellate Tribunal Section 14A Disallowance and ESOP Revenue Expenditure 24 Mar 2025
ITAT Mumbai Permits Additional Evidence in Tax Dispute; Reaffirms Legal Threshold for Bad Debt Deductions u/s 36(1)(vii)

ITAT Mumbai Permits Additional Evidence in Tax Dispute; Reaffirms Legal Threshold for Bad Debt Deductions u/s 36(1)(vii)

#IncomeTax #TaxLitigation

ITAT Mumbai Clarifies Rules on Evidence and Bad Debt Deductions In a recent decision involvingTutor Investment and Finance Pvt Ltd, theIncome Tax AppellateTribunal(ITAT) Mumbai has provided clarity on two pivotal aspects of tax litigation: the admissibility of additional evidence at the appel...

India - Income Tax Appellate Tribunal Bad Debt Deduction and Admission of Additional Evidence 24 Mar 2025
Date of Allotment Letter Determines Holding Period for Capital Gains: ITAT Mumbai Bench Rules

Date of Allotment Letter Determines Holding Period for Capital Gains: ITAT Mumbai Bench Rules

#IncomeTax #CapitalGains

Date of Allotment Held Pivotal: ITAT Mumbai Resolves Property Holding Period Dispute In a significant decision for property taxpayers, theIncome Tax Appellate Tribunal (ITAT), Mumbai Bench, has reaffirmed that the holding period of an immovable property—crucial for determining capital gains—s...

India - Income Tax Appellate Tribunal Income Tax Act, 1961 - Holding Period of Property 24 Mar 2025
Evidence Seized from Third Party Cannot Bind Assessee: ITAT Jaipur

Evidence Seized from Third Party Cannot Bind Assessee: ITAT Jaipur

#IncomeTax #ITAT

ITAT Jaipur Limits Reach of Survey Evidence in Third-Party Tax Cases In a landmark decision for educational trusts and businesses alike, theIncome Tax Appellate Tribunal(ITAT), Jaipur Bench, has clarified the legal boundaries regarding the evidentiary value of materials seized during tax surv...

India - Income Tax Appellate Tribunal Section 133A and 292C of the Income Tax Act 24 Mar 2025
ITAT Rajkot Rules: Capital Gains Tax Cannot Differ Among Co-Owners of Same Property Under Section 50C

ITAT Rajkot Rules: Capital Gains Tax Cannot Differ Among Co-Owners of Same Property Under Section 50C

#IncomeTaxIndia #CapitalGains

Uniformity of Taxation: Tribunal Ensures Equity for Property Co-owners In a significant decision concerning the principles of equity in taxation, the Income Tax Appellate Tribunal (ITAT), Rajkot Bench, has granted relief to a taxpayer by deleting an addition made...

India - Income Tax Appellate Tribunal Section 50C 24 Mar 2025
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