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

ITAT Ruling: Income Not Taxable Simply Based on KYC Self-Declarations in Foreign Bank Accounts, Income Tax Appellate Tribunal Rajkot

ITAT Ruling: Income Not Taxable Simply Based on KYC Self-Declarations in Foreign Bank Accounts, Income Tax Appellate Tribunal Rajkot

#IncomeTaxAppellateTribunal #TaxLawIndia

ITAT Rajkot Rescues Taxpayer from Massive Additions Based on 'Dumb' KYC Documents In a significant relief to taxpayers, the Income Tax Appellate Tribunal (ITAT), Rajkot Bench, has set aside substantial tax additions made by the Revenue a...

India - Income Tax Appellate Tribunal Section 153A, Section 69A, Income Tax Act, 1961 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 Rajkot Rules Delay in Filing Form 10AB for Section 80G(5) Approval Can Be Condoned in Interest of Justice

ITAT Rajkot Rules Delay in Filing Form 10AB for Section 80G(5) Approval Can Be Condoned in Interest of Justice

#TaxLaw #ITAT

ITAT Rajkot: Technical Delays Should Not Prevent Charitable Trusts from 80G Approval In a significant decision for the charitable sector, the Income Tax Appellate Tribunal (ITAT), Rajkot Bench, has set aside a rejection order issued by the Commissioner of In...

India - Income Tax Appellate Tribunal Section 80G(5) Income Tax Act 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
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
Ex-Gratia Payments upon Voluntary Retirement Categorized as Capital Receipts: ITAT Pune Bench Rules

Ex-Gratia Payments upon Voluntary Retirement Categorized as Capital Receipts: ITAT Pune Bench Rules

#IncomeTax #TaxLitigation

A Victory for Equity: Tribunal Classifies Voluntary Separation Payments as Capital Receipts In a significant ruling for former employees of Pfizer Healthcare India, the Income Tax Appellate Tribunal (ITAT) Pune Bench has clarified the tax status of ex-gratia compensa...

India - Income Tax Appellate Tribunal Taxability of Ex-gratia Payments 03 Apr 2025
ITAT Limits Section 263 Revision Power: Failure to Decide on Merits After Evidence Submission Invalidates Revision Order

ITAT Limits Section 263 Revision Power: Failure to Decide on Merits After Evidence Submission Invalidates Revision Order

#IncomeTaxLaw #ITAT

When Revision Isn't Enough: ITAT Narrows Scope of Section 263 for Tax Authorities In a significant ruling for corporate taxpayers, the Income Tax Appellate Tribunal (ITAT), Surat Bench, has set aside a revision order passed under Section 263 of the Income-tax Act, 19...

India - Income Tax Appellate Tribunal Section 263 Revision Powers 03 Apr 2025
ITAT Nagpur Affirms Revenue Nature of Brand Expenses and Validates Capital Gain Treatment for Avantha Holdings

ITAT Nagpur Affirms Revenue Nature of Brand Expenses and Validates Capital Gain Treatment for Avantha Holdings

#TaxLitigation #TransferPricing

The Tax Tug-of-War: A Recap The Income Tax Appellate Tribunal (ITAT) Nagpur Bench recently put to rest a protracted series of tax disputes between Revenue authorities and Avantha Holdings Ltd. Spanning the assessment years 2011–12 and 2012–13, the case tou...

India - Income Tax Appellate Tribunal Income Tax Act, 1961 - Revenue vs Capital Expenditure, Transfer Pricing, and Capital Gains 04 Apr 2025
Agricultural Land Status at Time of Sale Exempts Capital Gains Tax: Income Tax Appellate Tribunal, Nagpur

Agricultural Land Status at Time of Sale Exempts Capital Gains Tax: Income Tax Appellate Tribunal, Nagpur

#IncomeTax #CapitalGainsTax

Defining Farm vs. Finance: ITAT Nagpur Clarifies Tax Exemption for Agricultural Land In a significant ruling for taxpayers, the Income Tax Appellate Tribunal (ITAT) Nagpur Bench recently clarified the criteria for determining the character of land under the Income Tax Act, 1961...

India - Income Tax Appellate Tribunal Capital Gains Tax Exemption 04 Apr 2025
CSR Expenses Can Qualify for Section 80G Deduction: ITAT Pune Bench Rules in Dana Anand India Case

CSR Expenses Can Qualify for Section 80G Deduction: ITAT Pune Bench Rules in Dana Anand India Case

#IncomeTaxTribunal #CSRExpenditure

Clarifying CSR Tax Benefits: ITAT Pune Decides in Favor of Assessee In a significant ruling for corporate taxpayers, the Income Tax Appellate Tribunal (ITAT) Pune Bench recently held that Corporate Social Responsibility (CSR) expenses, which are otherwise disallowed as business...

India - Income Tax Appellate Tribunal Section 80G Deduction and CSR Expenditure 04 Apr 2025
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