ITAT: In Absence of Proper Show Cause Notice, there is No Merit in Levy of Penalty The Income Tax Appellate Tribunal (ITAT), Delhi by its two-member bench of Anil Chaturvedi (Accountant Member) and...
Setback to Bennett Coleman: Assessee to pay Interest, Advance Tax paid less than 75% of Assessed Tax, says Bombay High Court Bennett Coleman has dealt a major setback when the Bombay High Court ruled...
ITAT: Exclusion to serve Income Tax Act Notice u/s 143(2), not a Treatable Flaw As per the Income Tax Appellate Tribunal (ITAT), Bangalore bench, while removing an assessment order held that the...
An exemption notification has to be interpreted stricto sensu: Madras High Court (Madurai Bench) The Madurai Bench of the Madras High Court has ruled that it is a fundamental legal principle that an...
ITAT: Where Sufficient Enquiry Done By AO, No Jurisdiction Can Be Presumed by PCIT u/s 263 IT Act The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench, titledM/s Venkatesh Technokraft Pvt....
ITAT Upholds Disallowance of Loss of STCG Directs Assessee to declare Sale of Property The Income Tax Appellate Tribunal (ITAT), Delhi Bench, in the case tilted Shailaja (Appellant) v. ITO...
Madras High Court: Courts shall not provide an opportunity to assessee to escape liability merely on the ground of jurisdictional error The Madras High Court (HC) in the case titled M/s Sri Sathya...
Supreme Court: Provisional Attachment Powers Under GST Act Are Draconian In Nature The Supreme Court (SC) in the case titled M/s Radha Krishan Industries (Appellant) v. State of Himachal Pradesh...
ITAT Grants Relief to Bharti Airtel By Quashing Re-Assessment Proceedings Initiate Against It The Income Tax Appellate Tribunal (ITAT), Delhi bench, on 12 April 2021, in the case titled M/s Bharti...
ITAT: Assessee Following Unrecognized Method for Computing Taxable Income Cannot Be Estoppel The Income Tax Appellate Tribunal (ITAT), Bangalore Bench, on 23 March 2021, ruled in the case titled M/s...
ITAT's Women Friendly Decision, Exempts Amount invested in Purchasing property in Widowed Daughter's name The Income Tax Appellate Tribunal (ITAT), Bangalore bench ruled on 22 February 2021, in the...
ITAT says Penalty Can't Be Imposed If There Is No Concealment in IT Return The Income Tax Appellate Tribunal (ITAT), Mumbai bench, in its order dated 23 February 2021, directed to delete the imposed...
