Aparna. M
![NFAC cannot Adjudicate Appeals already Disposed of by CIT(A): ITAT direct Department to Pay Cost [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/NFAC-bound-NFAC-CBDT-CBDT-Circular-ITAT-Taxscan.jpg "NFAC cannot Adjudicate Appeals already Disposed of by CIT(A): ITAT direct Department to Pay Cost [Read Order]")
NFAC cannot Adjudicate Appeals already Disposed of by CIT(A): ITAT direct Department to Pay Cost [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has held that National Faceless Appellate Center (NFAC) could not adjudicate appeals already...
![Lease Rental Income received from letting out of School Building with Amenities shall be Treated as “Income from House Property”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Lease-rental-income-letting-out-school-building-amenities-Income-from-House-property-House-property-ITAT-income-tax-taxscan.jpg "Lease Rental Income received from letting out of School Building with Amenities shall be Treated as “Income from House Property”: ITAT [Read Order]")
![No disallowance on claim of Capital Loss computed after Transfer of Possession of Property: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-disallowance-on-claim-of-Capital-Loss-computed-after-Transfer-of-Possession-of-Property-disallowance-on-claim-of-Capital-Loss-disallowance-Capital-Loss-ITAT-deletes-Addition-ITAT-Taxscan.jpg "No disallowance on claim of Capital Loss computed after Transfer of Possession of Property: ITAT deletes Addition [Read Order]")
![ITAT quashes Assessment Framed in name of Artificial Juridical Person Instead of Local Authority [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-quash-Assessment-Artificial-Juridical-Person-Local-Authority-itat-quashes-assesment-incpme-tax-income-tax-taxscan.jpg "ITAT quashes Assessment Framed in name of Artificial Juridical Person Instead of Local Authority [Read Order]")
![ITAT quashes Assessment Order passed during Covid-19 without Providing Proper Opportunity to Assesee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Assessment-Order-passed-during-Covid-19-Proper-Opportunity-to-Assesee-ITAT-quashes-Assessment-Order-Assessment-Order-ITAT-taxscan.jpg "ITAT quashes Assessment Order passed during Covid-19 without Providing Proper Opportunity to Assesee [Read Order]")
![ITAT Upholds addition made on account of Trading in Penny Stock Shares of Shell Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Stock-share-addition-made-account-of-Trading-Penny-Stock-Shares-Shell-Company-ITAT-TAXSCAN.jpg "ITAT Upholds addition made on account of Trading in Penny Stock Shares of Shell Company [Read Order]")
ITAT quashes Reassessment based on vague and Innocuous Information regarding Accommodation Entry provided to Entry Operators
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has quashed the reopening of the assessment based on vague and innocuous information regarding accommodation entry provided to...
No Penalty shall be levied u/s 270A of Income Tax Act on Inadvertently Reported Annual Value of House Property by Accountant: ITAT [Read Order]
The Chennai bench of Income Tax Appellate Tribunal (ITAT) has recently held that no penalty should be levied under Section 270A of Income Tax Act 1961 on inadvertently reported annual value of...
![No Penalty shall be levied u/s 270A of Income Tax Act on Inadvertently Reported Annual Value of House Property by Accountant: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/levy-Income-Tax-Act-Inadvertently-Report-Annual-Value-House-Property-Accountant-ITAT-Inadvertently-Income-Tax-Act-taxscan.jpg "No Penalty shall be levied u/s 270A of Income Tax Act on Inadvertently Reported Annual Value of House Property by Accountant: ITAT [Read Order]")
Service Tax Paid by Contractor for Value of Work is not Part of Gross Receipts for Purpose of Computing Presumptive Tax u/s 44AD of Income Tax Act: ITAT [Read Order]
The service tax paid by the contractor for the value of the work is not included in gross receipts for the purposes of computing the assessee's presumptive tax under Section 44AD of the Income Tax...
![Service Tax Paid by Contractor for Value of Work is not Part of Gross Receipts for Purpose of Computing Presumptive Tax u/s 44AD of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Service-Tax-Paid-by-Contractor-for-Value-of-Work-is-not-Part-of-Gross-Receipts-Service-Tax-Paid-by-Contractor-Service-Tax-Contractor-ITAT-Taxscan.jpg "Service Tax Paid by Contractor for Value of Work is not Part of Gross Receipts for Purpose of Computing Presumptive Tax u/s 44AD of Income Tax Act: ITAT [Read Order]")
No Penalty shall be Levied u/s 271b of Income Tax Act ,if Assessee Proves Reasonable Cause for Failure to Furnish Audit Record :ITAT [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) has held that no penalty should be levied under section 271B of Income Tax Act, 1961, if the assessee proved the reasonable cause for failure...
![No Penalty shall be Levied u/s 271b of Income Tax Act ,if Assessee Proves Reasonable Cause for Failure to Furnish Audit Record :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-Penalty-shall-be-Levied-Income-Tax-Act-Reasonable-Cause-Failure-to-Furnish-Audit-Record-Audit-Record-ITAT-Taxscan.jpg "No Penalty shall be Levied u/s 271b of Income Tax Act ,if Assessee Proves Reasonable Cause for Failure to Furnish Audit Record :ITAT [Read Order]")
No Addition can be made u/s 69A of Income Tax Act if Repaid Loan Transactions Records in Book of Accounts: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that no addition could be made under Section 69A of the Income Tax Act 1961 if repaid loan transactions are recorded in book of...
![No Addition can be made u/s 69A of Income Tax Act if Repaid Loan Transactions Records in Book of Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Addition-Income-Tax-Act-Loan-Transactions-Records-in-Book-of-Accounts-Book-of-Accounts-Loan-Transactions-ITAT-Taxscan.jpg "No Addition can be made u/s 69A of Income Tax Act if Repaid Loan Transactions Records in Book of Accounts: ITAT [Read Order]")
Delay in Filing Return of Income and Form 10B due to outbreak of Pandemic of Covid-19:ITAT allows Exemption u/s 11 of Income Tax Act [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) allowed exemption under section 11 of Income Tax Act 1961 on delayed filing of return of income and Form 10B due to the outbreak of Pandemic...
![Delay in Filing Return of Income and Form 10B due to outbreak of Pandemic of Covid-19:ITAT allows Exemption u/s 11 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Filing-Return-of-Income-Return-of-Income-Form-10B-outbreak-of-Pandemic-of-Covid-19-Pandemic-of-Covid-19-Covid-19-ITAT-ITAT-allows-Exemption-Income-Tax-Act-Income-Tax-taxscan.jpg "Delay in Filing Return of Income and Form 10B due to outbreak of Pandemic of Covid-19:ITAT allows Exemption u/s 11 of Income Tax Act [Read Order]")