Nidhi

About the author

Nidhi is a Bachelor of Commerce student from Delhi University. As a content writer at Finvestment, I specialize in crafting insightful and engaging financial content Related to Mutual Funds, Stocks, Personal Tax, Insurance Etc...

ITAT Quashes PCIT’s Registration Cancellation Order Due to AO’s Borrowed Satisfaction

ITAT Quashes PCIT's Registration Cancellation Order Due to AO's Borrowed Satisfaction The Income Tax Appellate Tribunal (ITAT) has recently restored the registration under section 12AA...

ITAT Upholds CIT(A) Decision Allowing Bad Debt Deduction Under Section 36(1)(vii) for Non-Rural Branches

ITAT Upholds CIT(A) Decision Allowing Bad Debt Deduction Under Section 36(1)(vii) for Non-Rural Branches The assessee, Union Bank of India, filed its income tax return...

ITAT Quashes Rectification Order for Being Beyond the Scope of Section 154

ITAT Quashes Rectification Order for Being Beyond the Scope of Section 154 The Income Tax Appellate Tribunal (ITAT), Delhi, recently set aside a rectification order...

Income Tax Addition Based on Rough Paper Not Valid: ITAT

Income Tax Addition Based on Rough Paper Not Valid: ITAT The Income Tax Appellate Tribunal (ITAT) in New Delhi recently ruled in favour of an...

ITAT Quashes Time-Barred Intimation Under Section 143(1) Issued by CPC 

ITAT Quashes Time-Barred Intimation Under Section 143(1) Issued by CPC  The Income Tax Appellate Tribunal (ITAT), Delhi, in one of its orders, ruled in favour...

ITAT Upholds PCIT’s Revision in Foreign Exchange Loss Claim Case

ITAT Upholds PCIT's Revision in Foreign Exchange Loss Claim Case The Income Tax Appellate Tribunal (ITAT), Ahmedabad, has recently upheld the decision of the Principal...

Assessing Officer Cannot Make Addition u/s 68 Based Solely on Suspicion: ITAT

Assessing Officer Cannot Make Addition u/s 68 Based Solely on Suspicion: ITAT Income Tax Appellant Tribunal (ITAT), Ahmedabad, has recently upheld the CIT(A)'s order saying...

ITAT Condones Delay and Deletes Penalty Levied Under Section 270A(9) of Income Tax Act

ITAT Condones Delay and Deletes Penalty Levied Under Section 270A(9) of Income Tax Act In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Ahmedabad,...

Bihar: Company Under Investigation for Allegedly Bribing Bihar Officials 

Bihar: Company Under Investigation for Allegedly Bribing Bihar Officials  Urmila International Services Pvt Ltd, a Patna-based company owned by Kumar Avinash, is currently under investigation...

ITAT Clarifies: Financial Aid in India, Even for Studies Abroad, Not Foreign Application of Funds

ITAT Clarifies: Financial Aid in India, Even for Studies Abroad, Not Foreign Application of Funds The Income Tax Appellate Tribunal (ITAT), Mumbai, in one of...

ITAT Quashes Time-Barred Notice and Upholds CIT(A)’s Approach of Taxing Only Profit on Purchases

ITAT Quashes Time-Barred Notice and Upholds CIT(A)'s Approach of Taxing Only Profit on Purchases In the present case, the revenue had filed two appeals challenging...

Employee Cannot Wrongfully Retain Company Property; Such Act Is Punishable: High Court

Employee Cannot Wrongfully Retain Company Property; Such Act Is Punishable: High Court In the present case, the petitioner is Punita Khatter, and the respondent is...

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