Category: ITAT
Draft Income Tax Appellate Tribunal Rules 2017 issued for public comments. 1963 Rules outlived utility in view of changing circumstances and technology INCOME TAX APPELLATE TRIBUNAL (COMMITTEE FOR REVISION OF THE INCOME TAX APPELLATE TRIBUNAL RULES) 11th floor,Lok Nayak Bhawan Khan Market,New Delhi 110 003 PUBLIC NOTICE May …
Penalty us 271(1)(c) for black money in Swiss bank deleted on legal grounds by the ITAT as the Income Tax Department failed poorly to prosecute on legal grounds. This is in fact one of the example to what extent Income Tax Department had prepared its officer with required …
Refusal to grant registration us 12AA for not contesting earlier rejections is contrary in the eyes of law – ITAT ABCAUS Case Law Citation: ABCAUS 1243 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Commissioner of Income Tax(Exemptions) refusing to …
Order quashed for not deciding objections to reopening u/s 147. The objections filed by the assessee were not decide in the set aside proceedings. ABCAUS Case Law Citation: ABCAUS 1241 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Assessing Officer …
Wife share in house purchased from savings and stridhan accepted by deleting addition made u/s 69B as unexplained investment – ITAT ABCAUS Case Law Citation: ABCAUS 1240 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the CIT(A) in confirming the disallowance made …
AO power to extend time for submission of special audit report u/s 142(2A). Power of suo moto extension was inserted from 01-04-2008 only-Delhi High Court ABCAUS Case Law Citation: ABCAUS 1237 (2017) (05) HC The Question framed for determination: Did the ITAT fell into error in holding that …
Trust is entitled to deduction u/s 54F by fiction of section 161. Deduction can not be denied on the ground that AOP is not a individual or HUF – ITAT ABCAUS Case Law Citation: ABCAUS 1236 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the …
Principles for writing off bad debts u/s 36(2) as laid down by Courts-ITAT explains. Writing off & claiming deduction are two different things and it is not sweet will of the assessee. ABCAUS Case Law Citation:ABCAUS 1233 (2017) (05) ITAT The Grievance:The appellant assessee was aggrieved by the …
Penalty 271(1)(c) Merely if suppliers not traced at given address not indicative of concealment of income or furnishing of inaccurate particulars-ITAT ABCAUS Case Law Citation: ABCAUS 1231 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the CIT(A) qua confirmation of penalty …
No Penalty 271(1)(c) for disallowance 43B if quantum not disputed and following mercantile accounting it could be debited to Profit and Loss A/c – ITAT ABCAUS Case Law Citation: ABCAUS 1230 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the CIT(A) …
