News

Income Tax Appellate Tribunal (ITAT), Delhi bench, has registered the dismissal of an appeal filed by Flovel Energy Pvt. Ltd. for the assessment year 2017-18. The action was taken by the tribunal ...
Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has set aside orders from the Commissioner of Income Tax (Exemption) [CIT (E)] that had rejected applications for registration under Section 12A ...
The Commissioner (Appeals) had dismissed the company’s appeal (Appeal No. 212 of 2024) on the sole ground that the mandatory pre-deposit required under Section 107 of the Central Goods and Services ...
Maa Kamakhya Trader Vs Additional Commissioner Grade 2 And Another (Allahabad High Court) In a significant ruling, the Allahabad High Court has asserted that once the Goods and Se ...
Delhi High Court has set aside a demand order against Sparkin Sunlit Private Limited, ruling that the company was not properly served a show cause notice (SCN) by the tax authorities. The court ...
The case involves Tosifbhai Tajdin Halani, an individual, whose income tax return for the assessment year 2017-18, filed on March 31, 2018, declared a total income of Rs. 39,00,700. The return was ...
The initial assessment for this year was completed ex parte by the Assessing Officer (AO) on November 7, 2019, under Section 144 of the Income Tax Act, 1961. An ex parte assessment is carried out when ...
ITAT Ahmedabad directs AO to re-examine penalty u/s 271(1)(c) against Krupal Patel after setting aside the original ex parte assessment order. Tax Tribunal Orders Fresh Look at Penalty Following ...
Based on this information, the Assessing Officer (AO) initiated reassessment proceedings by issuing a notice under Section 148A (b) of the Income Tax Act, 1961. The AO’s preliminary view was that ...
Ahmedabad bench, has deleted an addition of Rs. 13.73 lakh made by the tax authorities to the income of an individual, ruling that the source of investment in a property was adequately explained. The ...
Income Tax Appellate Tribunal (ITAT), Kolkata bench, has dismissed an appeal filed by the Income Tax Officer (ITO) against Int ...
The Tribunal’s ruling, delivered on February 6, 2025, reinforced the principle that once the identity, creditworthiness, and genuineness of loan creditors are established, additions under sections ...