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ITAT Overturns 700-Day Delay Penalty Over Misdirected Tax Notices
ITAT overturned a 700-day delay penalty due to misdirected tax notices, prioritizing taxpayer rights and fair procedure over strict timelines.
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ITAT Delhi Rules Against Reducing Section 80IB Deductions by Section 80HHC Claims
Clarifying Tax Deduction ComputationsThe Income Tax Appellate Tribunal (ITAT) Delhi recently issued a pivotal ruling clarifying that deductions claimed under Section 80IB cannot be automatically reduced by the amount already…
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ITAT Delhi Rules Against Time-Barred Section 148 Reassessment Notices
ITAT Delhi rules Section 148 reassessment notices for AY 2015-16 issued after April 1, 2021, are time-barred, offering taxpayers crucial clarity.
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ITAT Ruling Clarifies Bona Fide Intent in Black Money Act Compliance
Discover how an ITAT ruling clarified bona fide intent, deleting a Black Money Act penalty for an omission to report foreign investments.
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ITAT Limits Tax Authority Power to Reject Purchases Without Substantiated Evidence
ITAT limits tax authority power to reject purchases without evidence, protecting businesses from arbitrary disallowances based on sales and stock records.
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Tribunal Clarifies CSR Donations Remain Eligible for Section 80G Tax Deductions
Discover how the ITAT ruling confirms CSR donations are eligible for Section 80G tax deductions, clarifying tax relief for businesses.
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ITAT Quashes Section 153A Assessment as AY 2010-11 Fell Outside Ten-Year Block Period
Discover why the ITAT quashed a Section 153A assessment for AY 2010-11, ruling it fell outside the ten-year block period.
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ITAT Remands Section 80GGC Claim as Political Donation Verification Was Incomplete
The ITAT has remanded an 80GGC political donation claim for re-verification due to incomplete bank transaction details, impacting taxpayers.
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ITAT Mumbai Overturns Assessment Order Over Procedural Fairness Violations
ITAT Mumbai overturned an assessment order, citing procedural fairness violations and emphasizing the taxpayer's right to be heard in tax cases.
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ITAT Mumbai Clarifies Critical Banking Taxation Standards for AY 2010-11
ITAT Mumbai's landmark ruling clarifies banking taxation for AY 2010-11, resolving disputes on pension funds, bad debts, and regulatory disallowances.