ITAT

  • Income Tax

Jewellery purportedly received from grandparent under Will added as unexplained credits

Addition u/s 68 for jewellery purportedly received on death of grandparent under Will upheld. In a recent judgment, ITAT upheld…

2 days ago
  • ITAT

Application though named as rectification but if tax is not legitimate, it also touches merit: HC

Application though named as rectification but if tax imposed is not legitimate then it also touches upon the merit –…

3 days ago
  • Income Tax

Cost of acquisition as on 01.04.1981 taken as per valuer report by reverse indexing of FMV

Cost of acquisition as on 01.04.1981 taken as per valuer report by reverse indexing of current FMV to be further…

3 days ago
  • Income Tax

AO was directed to serve notice of hearing through physical mode upon assessee 

ITAT directed AO to serve notice of hearing both through electronic and physical mode upon the assessee  In a recent…

3 days ago
  • Income Tax

Assessment u/s 147 based on seized material found during search of third party void ab-initio

Assessment u/s 147 on the basis of seized material found during search of third party void ab-initio - ITAT In…

4 days ago
  • Income Tax

Assessee may show that it was over assessed under erroneous impression of law

It is open to assessee to show that it was over assessed under erroneous impression of law even if it…

5 days ago
  • Income Tax

Cash deposit cannot be shifted from live person to a deceased just because he was joint holder

Cash deposit in bank account cannot be shifted from a live person to a deceased assessee just because he was…

6 days ago
  • Income Tax

Interest on compensation u/s 28 of Land Acquisition Act, 1894 is taxable – ITAT

Interest on compensation u/s 28 of Land Acquisition Act, 1894 is taxable income u/s u/s 56(2)(viii) rws 57(iv) of the…

1 week ago
  • Income Tax

Site expenses not accounted in books in expense ledger added as unexplained expenditure

ITAT partly confirms addition of site expenses as unexplained expenditure for being not accounted for in the books of accounts…

1 week ago
  • Income Tax

Revenue should not take the benefit of the mistake committed by the assessee

Revenue not to take benefit of mistake committed by assessee. Gift wrongly executed through sale deed can not be taxed…

1 week ago