Fathima Karama A.M
![ITAT Condones Delay Caused by Negligence of Tax Practitioner in Service of Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-Condones-Delay-Caused-by-Negligence-of-Tax-Practitioner-in-Service-of-Notice-TAXSCAN-.jpg "ITAT Condones Delay Caused by Negligence of Tax Practitioner in Service of Notice [Read Order]")
ITAT Condones Delay Caused by Negligence of Tax Practitioner in Service of Notice [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has condoned delays caused by negligence of tax practitioners in serving notices. The...
![S.50C Applicable to Transfer of Capital Asset of Land or Building not to Transfer of Rights: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/S.50C-Applicable-to-Transfer-of-Capital-Asset-of-Land-or-Building-not-to-Transfer-of-Rights-ITAT-TAXSCAN.jpg "S.50C Applicable to Transfer of Capital Asset of Land or Building not to Transfer of Rights: ITAT [Read Order]")
![S. 69 Addition not Sustainable on Mere Delay in Deposit During Demonetisation Period: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Addition-not-Sustainable-on-Mere-Delay-Deposit-During-Demonetisation-Period-ITAT-TAXSCAN.jpg "S. 69 Addition not Sustainable on Mere Delay in Deposit During Demonetisation Period: ITAT [Read Order]")
![Deemed Dividends cannot be Taxed in the Hands of Non-Shareholders: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Deemed-Dividends-cannot-Taxed-in-the-Hands-of-Non-Shareholders-ITAT-Deletes-Addition-TAXSCAN.jpg "Deemed Dividends cannot be Taxed in the Hands of Non-Shareholders: ITAT Deletes Addition [Read Order]")
Transaction Between 2 Companies Cannot come u/s 269SS on Amalgamation: ITAT Deletes Penalty u/s 271E [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the penalty under Section 271E of the Income Tax Act 1961 holding that the transaction between 2 companies could not come under...
![Transaction Between 2 Companies Cannot come u/s 269SS on Amalgamation: ITAT Deletes Penalty u/s 271E [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Transaction-Between-2-Companies-Transaction-2-Companies-Amalgamation-ITAT-Deletes-Penalty-taxscan-Income-tax-itat-.jpg "Transaction Between 2 Companies Cannot come u/s 269SS on Amalgamation: ITAT Deletes Penalty u/s 271E [Read Order]")
Carat Wise Stock Maintenance is Sufficient Compliance to Genuine Purchases in Diamond Trade :ITAT Deletes Addition [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition holding carat wise stock maintenance was sufficient compliance to prove genuine purchases in diamond trade. The...
![Carat Wise Stock Maintenance is Sufficient Compliance to Genuine Purchases in Diamond Trade :ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Carat-Wise-Stock-Maintenance-Carat-Wise-Stock-Genuine-Purchases-Diamond-Trade-Trade-ITAT-Deletes-Addition-ITAT-Addition-Taxscan.jpg "Carat Wise Stock Maintenance is Sufficient Compliance to Genuine Purchases in Diamond Trade :ITAT Deletes Addition [Read Order]")
![Section 44BB of the Income Tax Act cannot be applied in the absence of PE: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Tax-Act-Income-Tax-absence-of-PE-PE-ITAT-Taxscan.jpg "Section 44BB of the Income Tax Act cannot be applied in the absence of PE: ITAT [Read Order]")
ITAT Deletes Addition for Cash Deposit on Account of Past Savings and Agricultural Operations [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition for cash deposit on account past savings and agricultural operations. The assessee Sudha, had deposited a cash...
![ITAT Deletes Addition for Cash Deposit on Account of Past Savings and Agricultural Operations [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-Deletes-Addition-for-Cash-Deposit-on-Account-of-Past-Savings-and-Agricultural-Operations-TAXSCAN.jpg "ITAT Deletes Addition for Cash Deposit on Account of Past Savings and Agricultural Operations [Read Order]")
![Money Borrowed for Business Purpose is Allowable as Business Expenditure :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-Money-Borrowed-for-Business-Purpose-Allowable-as-Business-Expenditure-TAXSCAN-3.jpg "Money Borrowed for Business Purpose is Allowable as Business Expenditure :ITAT [Read Order]")
Mere Transaction through DMAT Account or Sale of the Shares on Stock Exchange Cannot Rebut S.68: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that mere transaction through dematerialization account (DMAT) or sale of the shares on stock exchange could not be rebutted under...
![Mere Transaction through DMAT Account or Sale of the Shares on Stock Exchange Cannot Rebut S.68: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Mere-transaction-DMAT-account-or-sale-of-the-shares-on-stock-exchange-TAXSCAN-1.jpg "Mere Transaction through DMAT Account or Sale of the Shares on Stock Exchange Cannot Rebut S.68: ITAT [Read Order]")
![HUF Eligible for Capital Gain Exemption u/s 54B From 01/04/2013: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/HUF-Eligible-for-Capital-Gain-Exemption-HUF-Capital-Gain-Exemption-Capital-Gain-ITAT-Taxscan.jpg "HUF Eligible for Capital Gain Exemption u/s 54B From 01/04/2013: ITAT [Read Order]")