Fidha Lulu K G
![Depreciation Claim u/s 32 Requires Fixed Assets to be used for Business Purposes: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Depreciation-Claim-Requires-Fixed-Assets-to-be-used-for-Business-Purposes-ITAT-TAXSCAN.jpg "Depreciation Claim u/s 32 Requires Fixed Assets to be used for Business Purposes: ITAT [Read Order]")
Depreciation Claim u/s 32 Requires Fixed Assets to be used for Business Purposes: ITAT [Read Order]
The Bench of the Income Tax Appellate Tribunal (ITAT) recently held that the claim for depreciation under Section 32 of the Income Tax Act requires...
![Addition u/s 50C of Income Tax Act based on SVAs Overvaluation of Capital Gain Sale Consideration : ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Addition-us-50C-of-Income-Tax-Act-based-on-SVAs-Overvaluation-of-Capital-Gain-Sale-Consideration-ITAT-directs-Readjudication-TAXSCAN.jpg "Addition u/s 50C of Income Tax Act based on SVAs Overvaluation of Capital Gain Sale Consideration : ITAT directs Readjudication [Read Order]")
![ESI/PF Contribution made after due Date: ITAT Disallows Deduction u/s 143(1) (a) of IT Act for Late Deposit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ESI-or-PF-Contribution-made-after-due-Date-ESI-PF-due-Date-ITAT-Disallows-Deduction-IT-Act-for-Late-Deposit-Deduction-IT-Act-Late-Deposit-Taxscan.jpg "ESI/PF Contribution made after due Date: ITAT Disallows Deduction u/s 143(1) (a) of IT Act for Late Deposit [Read Order]")
![Assessment Proceedings against a Non-Existent Company is Void Ab Initio: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Assessment-Proceedings-Assessment-Non-Existent-Company-Void-Ab-Initio-ITAT-taxscan.jpg "Assessment Proceedings against a Non-Existent Company is Void Ab Initio: ITAT [Read Order]")
ITAT quashes Assessment Order Due to Lack of Opportunity given to be Heard to Assessee u/s 144A [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) recently quashed the assessment order passed under Section 144A of the Income Tax Act due to lack Opportunity to be heard for assessee. ...
![ITAT quashes Assessment Order Due to Lack of Opportunity given to be Heard to Assessee u/s 144A [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-quashes-Assessment-Order-ITAT-Assessment-Order-Heard-to-Assessee-taxscan.jpg "ITAT quashes Assessment Order Due to Lack of Opportunity given to be Heard to Assessee u/s 144A [Read Order]")
![ITAT disallows Exemption under Section 54B for Property Purchased in Name of Wife [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-disallows-Exemption-ITAT-Exemption-Property-Purchased-in-Name-of-Wife-Name-of-Wife-Property-Purchased-taxscan.jpg "ITAT disallows Exemption under Section 54B for Property Purchased in Name of Wife [Read Order]")
Delay in Filing Form 67 not a Reason for Denial of Relief u/s 90 of Income Tax Act: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) recently held that the relief under Section 90 of the Income Tax Act, 1961 should not be denied solely on the ground of a delay in filing...
![Delay in Filing Form 67 not a Reason for Denial of Relief u/s 90 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Delay-in-Filing-Form-67-Reason-for-Denial-of-Relief-us-90-of-Income-Tax-Act-ITAT-TAXSCAN.jpg "Delay in Filing Form 67 not a Reason for Denial of Relief u/s 90 of Income Tax Act: ITAT [Read Order]")
Compliance with Statutory Notice u/s 142(1): ITAT allows Penalty Exemption u/s 272(1) [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently allowed the exemption under Section 272(1) due to compliance with the statutory notice under Section 142 (1) of Income Tax Act...
![Compliance with Statutory Notice u/s 142(1): ITAT allows Penalty Exemption u/s 272(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Compliance-with-Statutory-Notice-Statutory-Notice-ITAT-allows-Penalty-Exemption-ITAT-Penalty-Exemption-Penalty-taxscan.jpg "Compliance with Statutory Notice u/s 142(1): ITAT allows Penalty Exemption u/s 272(1) [Read Order]")
![ITAT quashes Penalty Order u/s 271(1) (c) for Lack of Clarity in Particulars [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-quashes-Penalty-Order-ITAT-Penalty-Order-Penalty-Lack-of-Clarity-in-Particulars-taxscan.jpg "ITAT quashes Penalty Order u/s 271(1) (c) for Lack of Clarity in Particulars [Read Order]")
No Penalty under Section 271AAA(2) when Assessee Disclosed Undisclosed Income in Section 132(4) Statement: ITAT [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently ruled that the penalty cannot be imposed under Section 271AAA(2) when the assessee disclosed undisclosed income in a statement...
![No Penalty under Section 271AAA(2) when Assessee Disclosed Undisclosed Income in Section 132(4) Statement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-Assessee-Disclosed-Undisclosed-Income-Assessee-Undisclosed-Income-Statement-ITAT-Taxscan.jpg "No Penalty under Section 271AAA(2) when Assessee Disclosed Undisclosed Income in Section 132(4) Statement: ITAT [Read Order]")
Supporting Other Trusts and Societies for Charitable Activities falls under Section 80G of Income Tax Act: ITAT [Read Order]
The assessee Seth Paannalalji is a Trust created on 15.08.2001. It is registered under the M.P. Public Trust Act. It was also registered by the Income tax Department under Section 12A as well as...
![Supporting Other Trusts and Societies for Charitable Activities falls under Section 80G of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Supporting-Supporting-Other-Trusts-and-Societies-Trusts-and-Societies-for-Charitable-Activities-Charitable-Activities-falls-Income-Tax-Act-ITAT-Income-Tax-taxscan.jpg "Supporting Other Trusts and Societies for Charitable Activities falls under Section 80G of Income Tax Act: ITAT [Read Order]")