recent itat case laws

Delhi ITAT Cancels Re-assessment Order Due to Lack of Tangible Evidence of Escaped Income

27 March 2024 by Adv Aditya Narayan

The ITAT dismissed the revenue’s petition, finding that the AO failed to establish a clear link between the tangible material and the conclusion of escaped income. In a significant ruling, in case of Surender Dalai vs ITO [I.T.A No.7714/Del/2029], the …

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Jaipur ITAT Waives Penalty Imposed for Non-Deduction of TDS on Foreign Remittances: Order Dt. 22.11.2023

3 January 202413 December 2023 by Adv Aditya Narayan

ITAT emphasized the need for the assessing officer to establish the absence of reasonable cause before imposing penalty under section 271C of I-T Act ITAT Jaipur waives Penalty Imposed for non-deduction of TDS on Foreign Remittances: In a recent judgement …

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