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

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
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
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 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
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
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
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
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
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
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
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