The assessee contended before the Commissioner of Income Tax (Appeals) [CIT (A)] and subsequently the ITAT that sufficient ...

Held: In the instant case, the disallowance of interest expenses was made by AO by taking view that assessee had shown unsecured loan of Rs. 16,36,297/- and had also given loan and advances of Rs. 11, ...

Mohanty Enterprises case, which allowed the revocation of cancellation for entities willing to comply with tax obligations.

5. It was further submitted that the petitioner is ready and willing to pay 10% of the disputed tax and that he may be ...

The term ‘Banking Business Hours’ are the minimum number of hours that IBU shall provide services from its premises in IFSC.

The assessee on show cause resisted the proceedings by filing a response. According to the assessee there was no intent to ...

Both parties presented their arguments, with the assessee contending that the cash deposits were sourced from its textile trading business, specifically from sales outside the books of accounts. The ...

ITAT Chennai Held that the construction of a new residential house to its existing residence with separate stair-case, kitchen, new electrical connection, water connection, etc. qualifies for ...

2. Heard both parties at length. Case files perused.

This assessee’s appeal for assessment year 2022-23 arises against National Faceless Appeal Centre (NFAC), Delhi’s DIN and order no. ITBA/APL/S/250/2023-24/1058355572 (1), dated 30.11.2023, in case no.

The sine qua non for acquiring jurisdiction to reopen an assessment is that notice under section 148 should be issued to a correct person and not to a dead person. Consequently, the jurisdictional ...

The appellant argued that although they had initially waived the claim of Rs. 1,57,818/-, they later found documents that ...