# itat
15 posts in `itat` tag
ITAT Rules Orders Without DIN Invalid Non Existent
Based on this argument and in line with previous Delhi High Court decisions and CBDT Circular No. 19/2019, the ITAT concluded that the assessment order was invalid and should be considered as if it was never issued. Therefore, the ITAT quashed the assessment order.
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By Krishna
Income Tax Department Initiative Facilitate Quick Refunds
As there are currently 3.5 million pending tax refund cases, the Income Tax (IT) department is examining the organization of campaigns to aid taxpayers.
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By Krishna
ITAT No Penalty Not Disclosing Interest Tax Refund
In a case involving a senior citizen and the income tax department, the Mumbai bench of the tax tribunal has ruled that the penalty is not valid which was imposed for not disclosing the interest earned on tax refund.
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By Krishna
ITAT Ruling Delayed GST Payment Deduction Income Tax Act
A recent judgment from the Jaipur branch of the Income Tax Appellate Tribunal (ITAT) has provided clarification regarding late payments of Tax Collection at Source (TCS) and Goods and Services Tax (GST).
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By Krishna
Delhi ITAT Ruling: Car Parking Rental Income Deductible Under Section 80IA
During scrutiny, the Assessing Officer denied the deduction u/s 80-IAB for the income earned from car parking rentals, stating that it lacked a direct connection with the taxpayer's business operations.
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By Krishna
ITAT Ruling: Section 80P Deduction Inapplicable for Income from Commercial Activity
Additionally, it was mentioned that the head office division carried out diverse activities for its members, including the sale of fertilizers, seeds, and agricultural equipment, and providing exclusive credit financing. These activities fell under the purview of various types of deductions permitted under Section 80P of the Income Tax Act.
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By Krishna
Chennai ITAT Eliminates Addition: Hospital-Consultant Doctor Relationship Clarified
However, the Commissioner of Income Tax (Appeals) CIT (A) determined that the consultant doctors employed at the hospital had individually obtained professional indemnity insurance policies at their own cost.
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By Krishna
ITAT Upholds Appellant's Evidence, Eliminates Cash Deposit Addition
The ITAT recognized and accepted these pieces of evidence, leading to the dismissal of the addition. Additionally, the ITAT considered the fact that the ld CIT(A) had overlooked an affidavit provided by the assessee, which included a registered sale deed.
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By Krishna
ITAT: Deduction u/s 80IA/80IB Reduces Business Profits for Computing Deduction u/s 80HHC
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) based its decision on the ruling of a Larger Bench of the Supreme Court in the case of Micro Lab (supra), which was decided on 17.9.2018 in CA No.007427/2012.
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By Krishna
ITAT Rules: Short Deduction of TDS Excludes Application of Section 40(a)(ia) of Income Tax Act
The case of the assessee underwent limited scrutiny to verify if the payments were made while deducting the TDS (Tax Deducted at Source) under section 194C of the Act.
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By Krishna
Extension of ITR due date not applicable to assessees subject to audit under other acts
The Income Tax Appellate Tribunal (ITAT) has ruled that the extension of the income tax return (ITR) due date for cases requiring tax audit cannot be applied to assesses who are liable for audit under any other Act.
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By Krishna
ITAT upholds disallowance late deposit Employees
The Income Tax Appellate Tribunal (ITAT) Delhi Bench has affirmed the disallowance of late deposits of employees' contributions to Provident Fund or Employees State Insurance Corporation (PF/ESIC) under Section 36(i)(va) of the Income Tax Act, 1961.
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By Krishna
ITAT: Penalty Under Section 271(1)(c) Cannot be Imposed
The Delhi Income Tax Tribunal has ruled in the case of Sushila Goyal vs ITO that when an addition is made on an estimated basis.
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By Krishna
Department Facilitates Electronic Filing For Trust Registration & Deregistration
Income Tax Portal Update: Department Facilitates Electronic Filing For Trust Registration & Deregistration
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By Krishna
ITAT: No TDS u/s 194H of I-T Act For Expenditure Claimed
ITAT: No TDS u/s 194H of I-T Act For Expenditure Claimed To Have Been Debited To Profit & Loss Account Under Head “Commission”
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By Krishna