Compliance

ITAT Delhi Rules in Favour of NIIT Deduction on Finance Lease Principal Repayment In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Delhi Bench, has allowed the deduction of…

Charitable Trust Eligible for Section 12A Registration Despite Clause Allowing Trustee Remuneration: ITAT Cochin The Income Tax Appellate Tribunal (ITAT) Cochin Bench recently delivered a significant ruling that reinforces the…

ITAT Rules in Favour of Assessee, Deletes Income Tax Penalty After Condoning Long Delay In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has quashed a penalty…

Exploiting Legal Loopholes in the Income Tax Act: ITAT Cautions Against Creative Tax Deception In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Delhi Bench, delivered a strong message…

ITAT Jaipur Quashes Penalty Under Section 271E Due to Lack of Proper Satisfaction Recording by AO In a notable judgment, the Income Tax Appellate Tribunal (ITAT), Jaipur Bench, has set…

Reassessment Under Section 148 Invalid If Based on 'Borrowed Satisfaction', Rules ITAT Hyderabad In a key ruling, the Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, has held that a reassessment…