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

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
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
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
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
ITAT Rajkot Bench Allows Condonation of Delay and Remands Trust’s Registration Application Under Section 12A and 80G

ITAT Rajkot Bench Allows Condonation of Delay and Remands Trust’s Registration Application Under Section 12A and 80G

#TaxLaw #CharitableTrust

ITAT Rajkot Bench: Strict Timeline for Trust Registration Cannot Produce ‘Absurd Results’ In a significant relief for charitable institutions, the Income Tax Appellate Tribunal (ITAT) Rajkot Bench has clarified that procedural delays in filing Forms for registrat...

India - Income Tax Appellate Tribunal Income Tax Act 1961 - Sections 12A and 80G 24 Mar 2025
Repayment of Loans Through Banking Channels Voids Section 68 Additions: ITAT Surat

Repayment of Loans Through Banking Channels Voids Section 68 Additions: ITAT Surat

#IncomeTaxLaw #Section68

Repayment of Loans Through Banking Channels Voids Section 68 Additions: ITAT Surat In a significant ruling for taxpayers dealing with scrutiny over unsecured loans, the Income Tax Appellate Tribunal (ITAT), Surat Bench, has provided clarity on the application of ...

India - Income Tax Appellate Tribunal Section 68 - Cash Credit 24 Mar 2025
ITAT Agra Quashes Assessment Under Section 153A for Lack of Incriminating Material Found During Search: Sanskar Nagar vs. ACIT

ITAT Agra Quashes Assessment Under Section 153A for Lack of Incriminating Material Found During Search: Sanskar Nagar vs. ACIT

#IncomeTaxLaw #SearchAndSeizure

ITAT Agra Sets Aside Assessments: No Incriminating Evidence, No Tax liability In a significant ruling for taxpayers, the Income Tax Appellate Tribunal (ITAT) of Agra has quashed assessment orders framed under Section 153A of the Income Tax Act. The tribun...

India - Income Tax Appellate Tribunal Section 153A and 153D of Income Tax Act 28 Mar 2025
ITAT Agra Quashes Section 153A Assessments Due to Lack of Incriminating Material and Mechanical 153D Approvals

ITAT Agra Quashes Section 153A Assessments Due to Lack of Incriminating Material and Mechanical 153D Approvals

#IncomeTaxLaw #ITAT

ITAT Agra Quashes Section 153A Assessments Due to Lack of Incriminating Material and Mechanical 153D Approvals The Income Tax Appellate Tribunal (ITAT), Agra Bench, has delivered a significant ruling that reinforces the necessity of procedural ...

India - Income Tax Appellate Tribunal Section 153A and 153D of Income Tax Act 28 Mar 2025
Failure to Provide Sufficient Opportunity for Hearing Vitiates Assessment Orders: ITAT Rajkot Sets Aside Additions Under Section 69A IT Act

Failure to Provide Sufficient Opportunity for Hearing Vitiates Assessment Orders: ITAT Rajkot Sets Aside Additions Under Section 69A IT Act

#ITATRajkot #PrinciplesOfNaturalJustice

The Fast-Track Assessment Trap: ITAT Rajkot Calls Out Procedural Haste In a significant ruling for taxpayers, the Income Tax Appellate Tribunal (ITAT) Rajkot Bench has signaled that administrative expediency-regardless of the magnitude of the underlying transaction—cannot super...

India - Income Tax Appellate Tribunal Section 69A (Unexplained Money) 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
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