Section 115BAA Concessional Tax Rate Allowed by ITAT Mumbai Despite Late ITR
ITAT Mumbai held that a domestic company cannot be denied Section 115BAA concessional tax rate merely for filing a belated return if Form 10IC was filed on time.
Tag: ITAT
ITAT: CPC Can’t Finalise 3CD Adjustments w/o Verification (Surya International Case)
Lucknow ITAT holds that CPC adjustments under Section 143(1) based solely on Form 3CD require AO verification; issues remanded for fresh review.
ITAT: Delay in Form 10B Filing Does Not Bar Section 11 Exemption
Ahmedabad ITAT holds that belated filing of Form 10B is a procedural lapse and directs AO to allow Section 11 exemption if audit report is on record.
ITAT Allows Fresh Review of Gujarat Cancer Society Donation Claim (AY 2021-22)
ITAT Ahmedabad restores ₹2.15 lakh donation claim to Gujarat Cancer Society to AO for fresh verification under Section 35(1)(ii) for AY 2021-22.
ITAT Deletes 69A Addition (Property Sale Cash Deposit) Despite Invalid ITR
ITAT Mumbai held that cash deposits from property sale cannot be taxed under Section 69A when supported by registered sale deed, despite invalid return.
Partner’s Remuneration Eligible for 44ADA Presumptive Taxation: ITAT Delhi
ITAT Delhi allows Section 44ADA benefit on partner’s remuneration. Learn how this ruling impacts professionals and presumptive taxation.
ITAT Celebrates 84 Years with National Symposium
ITAT marked its 84th anniversary with a national symposium highlighting its vital role in India’s tax justice system and future roadmap.