In the case of Kamlesh Babalal Shah Vs. ACIT, the ITAT Ahmedabad reviewed an appeal challenging the order of the Commissioner of Income Tax (Appeals) [CIT (A)], National Faceless Appeal Centre (NFAC), ...

The ITAT found no evidence of incriminating material supporting the addition during the assessment process. The tribunal emphasized that the absence of such material rendered the addition ...

The ITAT noted that the CIT (A)’s order failed to meet the requirements of Section 250 (6) of the Income Tax Act, as there was no proper discussion or points of determination provided regarding the ...

In the case of Silverline vs State of Bihar, the Patna High Court examined the dismissal of an appeal by the appellate ...

After reviewing the affidavit and considering the circumstances, the ITAT found merit in the assessee’s plea for relief. While the tribunal acknowledged the need to impose a penalty for non-compliance ...

1. Aforesaid appeals by assessee for Assessment Years (AY) 2018- 19 & 2019-20 have identical issue i.e., allowance of foreign tax credit (FTC). At the time of hearing, none appeared for assessee and ...

Allahabad High Court dismissed the writ petition filed by Laxmi Telecom against a demand order issued under Section 73 (1) of ...

This appeal filed by the Assessee is against the order of the Ld. Commissioner of Income Tax (Appeals), Ranchi [hereinafter referred to as “the Ld. CIT (A)”] passed u/s 250 of the Income Tax Act, 1961 ...

ITAT Ahmedabad held that addition under section 69A of the Income Tax Act towards unexplained cash credit merely on the basis of non-compliance of third party not justified. Accordingly, addition ...

ITAT Ahmedabad held that addition of short term capital gain on account of transfer of shares on presumption basis without bringing on record evidencing actual receipt of consideration cannot be ...

In exercise of the powers conferred by clause (aa) of sub-section (1) read with sub-section (2) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs ...

This paper discusses the three schools of thought regarding ‘income’ in such cases, the first one that says there must be entry of cost price in the revenue column thereby leading to cancellation in ...