Aiswarya Krishnadas
![CIT(A) fails to provide Evidence of Notice Served: ITAT deletes Penalty u/s 271 (1) (b) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-ITAT-Delhi-Income-tax-Income-tax-news-Income-tax-act-taxscan.jpg "CIT(A) fails to provide Evidence of Notice Served: ITAT deletes Penalty u/s 271 (1) (b) of Income Tax Act [Read Order]")
CIT(A) fails to provide Evidence of Notice Served: ITAT deletes Penalty u/s 271 (1) (b) of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) found that the Commissioner of Income Tax (Appeals) [ CIT(A) ] failed to provide...
![Gauhati HC Directs Appellate Authority to Decide on Waiver Request for 25% Pre-Deposit u/s 33(6) of Assam General Sales Tax Act within 6 Months [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/gauhati-high-court-Section-336-Act-AGST-appettate-authority-taxscan.jpg "Gauhati HC Directs Appellate Authority to Decide on Waiver Request for 25% Pre-Deposit u/s 33(6) of Assam General Sales Tax Act within 6 Months [Read Order]")
![Suspension Order Issued for Illegal Gratification by Commercial Tax Dept: Karnataka HC Permits Continuation in Service, Disciplinary Proceedings to Continue [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Karnataka-HC-Illegal-gratification-Suspension-order-commercial-tax-dept-TAXSCAN.jpg "Suspension Order Issued for Illegal Gratification by Commercial Tax Dept: Karnataka HC Permits Continuation in Service, Disciplinary Proceedings to Continue [Read Order]")
![Interest Income from SBI Investments not attributable to Business of Taxpayer, Not Eligible for Deduction u/s 80P (2)(a)(i) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Bangalore-Income-tax-Income-Tax-Act-State-Bank-of-India-SBI-taxscan.jpg "Interest Income from SBI Investments not attributable to Business of Taxpayer, Not Eligible for Deduction u/s 80P (2)(a)(i) of Income Tax Act: ITAT [Read Order]")
![Depreciation on Goodwill Acquired from Subsidiary Company by Demerger Allowed if Not Previously Claimed or Allowed u/s 32 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-mumbai-section-32-of-income-tax-act-goodwill-aquired-from-subsidiary-company-taxscan.jpg "Depreciation on Goodwill Acquired from Subsidiary Company by Demerger Allowed if Not Previously Claimed or Allowed u/s 32 of Income Tax Act: ITAT [Read Order]")
Interest Income from Investment in KDCC Bank is not Eligible for Deduction u/s 80 P(2)(a)(i) of Income Tax Act: ITAT remits to AO for Fresh Consideration [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that interest income from investment in Karnataka District Central Co-operative Bank ( KDCC Bank ) was not eligible for...
![Interest Income from Investment in KDCC Bank is not Eligible for Deduction u/s 80 P(2)(a)(i) of Income Tax Act: ITAT remits to AO for Fresh Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-bangalore-investment-in-kdcc-bank-interest-income-from-kdcc-bank-remand-to-assessing-officer-taxscan.jpg "Interest Income from Investment in KDCC Bank is not Eligible for Deduction u/s 80 P(2)(a)(i) of Income Tax Act: ITAT remits to AO for Fresh Consideration [Read Order]")
Deletion of Addition Linked to Alleged Bogus Penny Stock Company's LTCG Claim: MP HC dismisses Appeal of Income Tax Dept [Read Order]
The Madhya Pradesh High Court has dismissed the appeal of the Income Tax Department with regards to the deletion of an addition linked to an alleged bogus penny stock company's long-term capital...
![Deletion of Addition Linked to Alleged Bogus Penny Stock Companys LTCG Claim: MP HC dismisses Appeal of Income Tax Dept [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/madhya-pradesh-high-court-dismissal-long-term-capital-gains-deletion-of-addition-of-alleged-bogus-penny-stock-company-taxscan.jpg "Deletion of Addition Linked to Alleged Bogus Penny Stock Companys LTCG Claim: MP HC dismisses Appeal of Income Tax Dept [Read Order]")
Dispute over Non-Communicated Extension and Lack of required Approval in Order u/s 148A (d): Delhi HC to Hear matter on 26th July 2024 [Read Order]
The Delhi High Court is set to hear a dispute on July 26, 2024, concerning a non-communicated extension and the lack of required approval in an order under Section 148A (d) of the Income Tax Act,...
![Dispute over Non-Communicated Extension and Lack of required Approval in Order u/s 148A (d): Delhi HC to Hear matter on 26th July 2024 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Delhi-High-Court-Delhi-High-Court-is-set-to-hear-a-dispute-Lack-of-required-Approval-Dispute-over-Non-Communicated-Extension-taxscan.jpg "Dispute over Non-Communicated Extension and Lack of required Approval in Order u/s 148A (d): Delhi HC to Hear matter on 26th July 2024 [Read Order]")
MP HC to Examine ITAT's Reliance on Investigation Report sans ITAT Rule 29 Compliance, Issues Notice to Income Tax Department [Read Order]
The Madhya Pradesh High Court has decided to scrutinize the Income Tax Appellate Tribunal ( ITAT ) 's reliance on an investigation report without adhering to ITAT Rule 29 compliance, and has...
![MP HC to Examine ITATs Reliance on Investigation Report sans ITAT Rule 29 Compliance, Issues Notice to Income Tax Department [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Madhya-Pradesh-High-Court-Income-Tax-Department-ITAT-Rule-Income-Tax-Issues-Noticee-taxscan.jpg "MP HC to Examine ITATs Reliance on Investigation Report sans ITAT Rule 29 Compliance, Issues Notice to Income Tax Department [Read Order]")
ITAT confirms Rs. 1.45 Crore Income Tax Addition as Short-Term Capital Gain in Taxpayer's Non-Agricultural Land Sale [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) confirmed an Income tax addition of Rs. 1.45 crore as short-term capital gain from the taxpayer's sale of non-agricultural land. The...
![ITAT confirms Rs. 1.45 Crore Income Tax Addition as Short-Term Capital Gain in Taxpayers Non-Agricultural Land Sale [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Mumbai-Income-Tax-Addition-as-Short-Term-Capital-Gain-Taxpayers-Non-Agricultural-Land-Sale-taxscan.jpg "ITAT confirms Rs. 1.45 Crore Income Tax Addition as Short-Term Capital Gain in Taxpayers Non-Agricultural Land Sale [Read Order]")
Transferees Eligible to Claim TDS Credit Even if Certificates are in Name of Amalgamated/Demerged Company: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) directed the AO to allow Tax Deducted at Source ( TDS ) credit to transferees, even if the certificates are in the name of the...
![Transferees Eligible to Claim TDS Credit Even if Certificates are in Name of Amalgamated/Demerged Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Tax-Deducted-at-Source-Section-40aia-of-the-Income-Tax-Act-ITAT-Income-Tax-Appellate-Tribunal-taxscan.jpg "Transferees Eligible to Claim TDS Credit Even if Certificates are in Name of Amalgamated/Demerged Company: ITAT [Read Order]")
Income Tax Faceless Assessment Provision Violation: Madhya Pradesh HC halts passing Final Orders, Lists case on 1st July [Read Order]
The Madhya Pradesh High Court has put a halt on the passing of final orders in a case concerning the violation of provisions related to Income Tax Faceless Assessment, with the case scheduled for...
![Income Tax Faceless Assessment Provision Violation: Madhya Pradesh HC halts passing Final Orders, Lists case on 1st July [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Income-Tax-Faceless-Assessment-Income-Tax-Madhya-Pradesh-High-Court-taxscan.jpg "Income Tax Faceless Assessment Provision Violation: Madhya Pradesh HC halts passing Final Orders, Lists case on 1st July [Read Order]")