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ITAT Hyderabad Rules Duplicate Bank Deposits Cannot Meet Section 149 Threshold
ITAT Hyderabad quashes reassessment notice, ruling that double-counted cash deposits cannot fulfill the ₹50 lakh threshold under Section 149.
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ITAT Hyderabad Rules No Section 14A Disallowance Without Exempt Income
Discover the recent ITAT Hyderabad ruling on Section 14A disallowance, confirming it cannot apply without exempt income for the assessment year.
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Section 14A Disallowance Requires Exempt Income: ITAT Deletes Addition
Learn how the ITAT Hyderabad ruled against Section 14A disallowance when no exempt income is earned and clarified Finance Act 2022 amendments.
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ITAT Hyderabad Quashes Section 263 Revision Regarding Section 14A Disallowance
ITAT Hyderabad rules that Section 263 revision for Section 14A disallowance without exempt income is invalid and the 2022 amendment is prospective.
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ITAT Hyderabad Rules BSNL VRS 2019 Compensation Eligible for Tax Exemption
ITAT Hyderabad determines BSNL VRS 2019 compensation qualifies for Section 10 10B exemption, pending verification of employee workman status by the AO.
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ITAT Hyderabad Rules Pr. CIT Approval Invalid for Section 148 Notices Beyond Three Years
ITAT Hyderabad quashes reassessment proceedings, ruling that Pr. CIT approval is invalid for Section 148 notices issued beyond three years.
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ITAT Hyderabad Quashes Section 271AAB Penalty Over Defective Notice
ITAT Hyderabad sets aside a Rs 12.76 lakh penalty under Section 271AAB because the tax notice failed to specify the correct statutory limb.
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Section 14A Disallowance Requires AO Satisfaction Before Rule 8D Application
ITAT Hyderabad rules that Assessing Officers must record proper satisfaction before applying Rule 8D for Section 14A disallowances.
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ITAT Hyderabad Rules Incorporation Date Cannot Be Replaced by Business Commencement for Section 54GB
ITAT Hyderabad denies Section 54GB tax exemption, ruling that a company must be formally incorporated within the statutory period, not just commence business.
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ITAT Hyderabad Invalidates Section 148 Notice Issued on 1 April 2021
ITAT Hyderabad quashes reassessment for AY 2016-17, ruling that a Section 148 notice issued on 1 April 2021 is invalid under the new tax regime.