Gayathri C.H
![Penalty under Section 270A cannot be Levied on Estimated Disallowance: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Penalty-Estimated-Disallowance-ITAT-Disallowance-Taxscan.jpg "Penalty under Section 270A cannot be Levied on Estimated Disallowance: ITAT [Read Order]")
Penalty under Section 270A cannot be Levied on Estimated Disallowance: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, held penalty under Section 270A cannot be levied on...
![No Addition u/s 68 for Turnover Already Reflected in Books of the Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Turnover-Books-of-the-Assessee-ITAT-taxscan.jpeg "No Addition u/s 68 for Turnover Already Reflected in Books of the Assessee: ITAT [Read Order]")
![Force of Attraction Rule will not Apply, Unless There is Even a Remote Link Between Activities of Other Projects with PE in Question: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Force-of-Attraction-Rule-will-not-Apply-Force-of-Attraction-Rule-Remote-Link-Remote-Link-Between-Activities-of-Other-Projects-PE-ITAT-Taxscan.jpg "Force of Attraction Rule will not Apply, Unless There is Even a Remote Link Between Activities of Other Projects with PE in Question: ITAT [Read Order]")
![Inter-Account Transfer and Sale of Shares for a Loss not Income: ITAT quashes Addition under Section 69 and 69A [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Inter-Account-Transfer-and-Sale-of-Shares-Income-ITAT-Addition-Section-69-and-69A-TAXSCAN.jpg "Inter-Account Transfer and Sale of Shares for a Loss not Income: ITAT quashes Addition under Section 69 and 69A [Read Order]")
![ITAT quashes Revisional Order Against Lakme [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Revisional-Order-Lakme-Commissioner-of-Income-Tax-taxscan.jpg "ITAT quashes Revisional Order Against Lakme [Read Order]")
No Tax on Payments in Lieu of 'Business Profits', in the Absence of PE in India: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that no tax can be levied on payments in lieu of ‘business profits’, in the absence of a PE in...
![No Tax on Payments in Lieu of Business Profits, in the Absence of PE in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/No-Tax-on-Payments-Tax-Payments-Business-Profits-Absence-of-PE-in-India-PE-in-India-ITAT-Income-Tax-taxscan.jpg "No Tax on Payments in Lieu of Business Profits, in the Absence of PE in India: ITAT [Read Order]")
AO cannot Arbitrarily Disallow Expenses for Want of Supporting Documentation, without Pointing out a Defect in Vouchers: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that AO cannot arbitrarily disallow expenses for want of supporting documentation, without...
![AO cannot Arbitrarily Disallow Expenses for Want of Supporting Documentation, without Pointing out a Defect in Vouchers: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Disallow-Expenses-AO-Supporting-Documentation-AO-cannot-Arbitrarily-Disallow-Expenses-Defect-in-Vouchers-ITAT-Taxscan.jpg "AO cannot Arbitrarily Disallow Expenses for Want of Supporting Documentation, without Pointing out a Defect in Vouchers: ITAT [Read Order]")
Reopening of Assessment on Change of Opinion: ITAT quashes Penalty against Assessee who correctly Declared Income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has recently, in an appeal filed before it, on the reopening of an assessment based on change of opinion, quashed the penalty against the...
![Reopening of Assessment on Change of Opinion: ITAT quashes Penalty against Assessee who correctly Declared Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Reopening-of-Assessment-Change-of-Opinion-ITAT-Penalty-Assessee-Declared-Income-TAXSCAN.jpg "Reopening of Assessment on Change of Opinion: ITAT quashes Penalty against Assessee who correctly Declared Income [Read Order]")
Non-Resident Shareholders not entitled to Lower Tax Rates provided by DTAAs for Dividend Taxation, where DDT is Applicable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Special Bench, has recently, in an appeal filed before it, held that non-resident shareholders are not entitled to lower tax rates provided by DTAAs...
![Non-Resident Shareholders not entitled to Lower Tax Rates provided by DTAAs for Dividend Taxation, where DDT is Applicable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Non-Resident-Shareholders-Non-Resident-Shareholders-Lower-Tax-Rates-Tax-Rate-DTAAs-Dividend-Taxation-Taxation-DDT-ITAT-Lower-Tax-Rates-provided-by-DTAAs-Taxscan.jpg "Non-Resident Shareholders not entitled to Lower Tax Rates provided by DTAAs for Dividend Taxation, where DDT is Applicable: ITAT [Read Order]")
Failure to Establish Sufficient Cause for not Filling Appeals within the Prescribed Period of Limitation: ITAT upholds Dismissal of Appeals [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, on failure to establish sufficient cause for not filling appeals within the prescribed period...
![Failure to Establish Sufficient Cause for not Filling Appeals within the Prescribed Period of Limitation: ITAT upholds Dismissal of Appeals [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Appeals-Limitation-Assessee-Commissioner-of-Income-tax-taxscan.jpg "Failure to Establish Sufficient Cause for not Filling Appeals within the Prescribed Period of Limitation: ITAT upholds Dismissal of Appeals [Read Order]")
AO shall Conduct Independent Investigation without relying on Third Party Statements and Facts: ITAT upholds Deletion of Additions u/s 68 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, while upholding the deletion of additions made under Section 68, held that the A.O shall conduct...
![AO shall Conduct Independent Investigation without relying on Third Party Statements and Facts: ITAT upholds Deletion of Additions u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-AO-Third-Party-Commissioner-of-Income-Tax-taxscan.jpg "AO shall Conduct Independent Investigation without relying on Third Party Statements and Facts: ITAT upholds Deletion of Additions u/s 68 [Read Order]")
Cash Deposited in Bank account of Assessee, is not sufficient for Formation of "Belief of Escapement of Income" by AO: ITAT sets aside Assessment Order
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has recently, in an appeal filed before it, while setting aside an assessment order, held that the cash deposited in bank account of the...
