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

ITAT Mumbai: Potential for Foreign Activity in Trust Deed No Bar to S. 12AB Registration if Operations are Expressly Limited to India

ITAT Mumbai: Potential for Foreign Activity in Trust Deed No Bar to S. 12AB Registration if Operations are Expressly Limited to India

#IncomeTax #CharitableTrust #ITAT

Trust's Potential Foreign Activity Not Grounds for Denying Tax Registration, Rules ITAT Mumbai Mumbai, July 28, 2025– The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has ruled that the mere existence of clauses in a trust deed that could potentially allow for activities outside India ...

India - Income Tax Appellate Tribunal Case Law 13 Aug 2025
Notice to a Non-Existent Entity is a Jurisdictional Defect, Not a Curable Error; Reassessment Quashed: ITAT Chennai [S.148, S.292B Income Tax Act]

Notice to a Non-Existent Entity is a Jurisdictional Defect, Not a Curable Error; Reassessment Quashed: ITAT Chennai [S.148, S.292B Income Tax Act]

#TaxLaw #Amalgamation #ITAT

Notice to Non-Existent Entity is a Jurisdictional Defect, Renders Assessment Void: ITAT Chennai Quashes Order Against Ashok Leyland CHENNAI— The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has delivered a significant ruling, quashing a reassessment order issued by the Income Tax Depa...

India - Income Tax Appellate Tribunal Case Law 12 Aug 2025
No Penalty U/s 271(1)(c) When Existence of Permanent Establishment is a Debatable Issue Admitted by High Court, Even if Settled via MAP: ITAT Chennai

No Penalty U/s 271(1)(c) When Existence of Permanent Establishment is a Debatable Issue Admitted by High Court, Even if Settled via MAP: ITAT Chennai

#TaxPenalty #PermanentEstablishment #DTAA

No Penalty for Inaccurate Particulars When PE Existence is Debatable, ITAT Chennai Rules CHENNAI:The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has delivered a significant ruling, holding that a penalty under Section 271(1)(c) of the Income Tax Act, 1961, for furnishing inaccurate p...

India - Income Tax Appellate Tribunal Case Law 12 Aug 2025
Interest from Surplus Funds in Co-op Banks Not Deductible Under S.80P; Not 'Business Income': ITAT Kolkata

Interest from Surplus Funds in Co-op Banks Not Deductible Under S.80P; Not 'Business Income': ITAT Kolkata

#IncomeTax #Section80P #CooperativeSociety

Interest from Surplus Funds in Co-op Banks Not 'Business Income', Ineligible for S.80P Deduction: ITAT Kolkata Kolkata:The Income Tax Appellate Tribunal (ITAT), Kolkata Bench, has ruled that a cooperative society is not entitled to claim deductions under Section 80P of the Income Tax Act, 196...

India - Income Tax Appellate Tribunal Case Law 11 Aug 2025
ITAT Mumbai: AO Can't Reject Consistently Followed Stock Valuation Method (ICDS-II) U/S 145(3) Without Pointing Out Specific Defects

ITAT Mumbai: AO Can't Reject Consistently Followed Stock Valuation Method (ICDS-II) U/S 145(3) Without Pointing Out Specific Defects

#IncomeTax #ITAT #StockValuation

Mumbai ITAT Upholds Principle of Consistency in Stock Valuation, Rejects Revenue's Appeal Mumbai, India– The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has delivered a significant ruling in favour of Blue Star Diamonds Pvt. Ltd., dismissing an appeal by the Deputy Commissioner of Inc...

India - Income Tax Appellate Tribunal Case Law 11 Aug 2025
Second Search Abates Pending Assessment Proceedings; Subsequent Orders Time-Barred If Passed Beyond Limit Calculated From Second Search Date: ITAT Ahmedabad

Second Search Abates Pending Assessment Proceedings; Subsequent Orders Time-Barred If Passed Beyond Limit Calculated From Second Search Date: ITAT Ahmedabad

#IncomeTax #TaxLitigation #ITAT

ITAT Quashes Assessment Orders, Citing Second Search Abated Original Proceedings Ahmedabad:In a significant ruling on the complexities of overlapping tax search assessments, the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has quashed assessment orders against Shri Ashish Prafulbhai...

India - Income Tax Appellate Tribunal Case Law 11 Aug 2025
Addition U/S 68 Deleted For Failure To Provide Cross-Examination & Reliance On Retracted Statement: ITAT Jaipur

Addition U/S 68 Deleted For Failure To Provide Cross-Examination & Reliance On Retracted Statement: ITAT Jaipur

#IncomeTax #Section68 #NaturalJustice

ITAT Quashes ₹80 Lakh Addition, Cites Violation of Natural Justice and Reliance on Retracted Statement Jaipur:The Income Tax Appellate Tribunal (ITAT), Jaipur Bench, has dismissed an appeal by the Income Tax Department, upholding the deletion of an ₹80 lakh addition made against an assessee, ...

India - Income Tax Appellate Tribunal Case Law 10 Aug 2025
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