Ipsita Das
![Disallowance of Income from Business Deposits u/s 69 of Income Tax Act due to Default of Assessee to Submit Details of Source of Cash Deposits: ITAT Restores Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Disallowance-Income-Income-from-Business-Income-from-Business-Deposits-Income-Tax-Act-taxscan.jpg "Disallowance of Income from Business Deposits u/s 69 of Income Tax Act due to Default of Assessee to Submit Details of Source of Cash Deposits: ITAT Restores Matter to AO [Read Order]")
Disallowance of Income from Business Deposits u/s 69 of Income Tax Act due to Default of Assessee to Submit Details of Source of Cash Deposits: ITAT Restores Matter to AO [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) held that the assessee has not provided any details as to the source of such cash...
![Failure of AO to Convert Limited Scrutiny into Complete Scrutiny: ITAT deletes Disallowance u/s 54 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-AO-Failure-of-AO-Scrutiny-Failure-of-AO-to-Convert-Limited-Scrutiny-into-Complete-Scrutiny-ITAT-taxscan-1.jpg "Failure of AO to Convert Limited Scrutiny into Complete Scrutiny: ITAT deletes Disallowance u/s 54 of Income Tax Act [Read Order]")
![Payment of Commission to Foreign Agents for Procurement of Orders does not Fall under Technical, Managerial or Consultancy Services: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Payment-of-Commission-Foreign-Agents-Procurement-of-Orders-Managerial-Consultancy-Services-taxscan.jpg "Payment of Commission to Foreign Agents for Procurement of Orders does not Fall under Technical, Managerial or Consultancy Services: ITAT [Read Order]")
![Deletion of Income Tax Addition on the Ground of Incomplete Material Evidence against Assessee: ITAT restores Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Deletion-of-Income-Tax-Addition-Ground-of-Incomplete-Material-Evidence-Assessee-ITAT-restores-Matter-to-CITA-TAXSCAN.jpg "Deletion of Income Tax Addition on the Ground of Incomplete Material Evidence against Assessee: ITAT restores Matter to CIT(A) [Read Order]")
![Deletion of Income Tax Addition on the Ground of Incomplete Material Evidence against Assessee: ITAT restores Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Deletion-Income-Tax-Incomplete-Material-Evidence-Assessee-ITAT-CITA-TAXSCAN.jpg "Deletion of Income Tax Addition on the Ground of Incomplete Material Evidence against Assessee: ITAT restores Matter to CIT(A) [Read Order]")
Failure of AO to Consider Sale of Scrap is Erroneous and Prejudicial to Interest of Revenue: ITAT Allows Exercise of Revisionary Power to PCIT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) held that failure of Assessing Officer (AO) in non-consideration of sale of scrap in the total revenue is erroneous and prejudicial to interest...
![Failure of AO to Consider Sale of Scrap is Erroneous and Prejudicial to Interest of Revenue: ITAT Allows Exercise of Revisionary Power to PCIT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-of-AO-to-Consider-Sale-of-Scrap-Interest-of-Revenue-Sale-of-Scrap-ITAT-Allows-Exercise-of-Revisionary-Power-to-PCIT-ITAT-taxscan.jpg "Failure of AO to Consider Sale of Scrap is Erroneous and Prejudicial to Interest of Revenue: ITAT Allows Exercise of Revisionary Power to PCIT [Read Order]")
No Re-assessment Proceeding u/s 147 of Income Tax Act can be Initiated by AO Without any Tangible Material Showing Escape of Income: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) held that the Assessing Officer (AO) has initiated the re-assessment proceeding under Section 147 of Income Tax Act, 1961 in the absence of...
![No Re-assessment Proceeding u/s 147 of Income Tax Act can be Initiated by AO Without any Tangible Material Showing Escape of Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/No-Re-assessment-Proceeding-Initiated-by-AO-Tangible-Material-Showing-Escape-of-Income-ITAT-Income-Tax-Tangible-Material-Escape-of-Income-taxscan.jpg "No Re-assessment Proceeding u/s 147 of Income Tax Act can be Initiated by AO Without any Tangible Material Showing Escape of Income: ITAT [Read Order]")
Relief to Future Generali India Life Insurance: ITAT confirms Deletion of Income Tax Addition on Profits from Pension Funds [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) confirmed the Commissioner of Income Tax (Appeals) [CIT(A)] order of deletion of addition made by Assessing Officer (AO) on account of the...
![Relief to Future Generali India Life Insurance: ITAT confirms Deletion of Income Tax Addition on Profits from Pension Funds [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Future-Generali-India-Life-Insurance-ITAT-Deletion-of-Income-Tax-Addition-on-Profits-from-Pension-Funds-Deletion-of-Income-Tax-Addition-Pension-Funds-Profits-from-Pension-Funds-taxscan.jpg "Relief to Future Generali India Life Insurance: ITAT confirms Deletion of Income Tax Addition on Profits from Pension Funds [Read Order]")
Set Back to MTS: ITAT Orders Fresh Adjudication on Initiation of Action u/s 154 of Income Tax Act on Basis of Shortfall in TDS under Form 3CD [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that It is not in dispute that the Assessing Officer proceeded to initiate action under Section 154 of the Income Tax Act, 1961 on the...
![Set Back to MTS: ITAT Orders Fresh Adjudication on Initiation of Action u/s 154 of Income Tax Act on Basis of Shortfall in TDS under Form 3CD [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/MTS-ITAT-Orders-Fresh-Adjudication-on-Initiation-of-Action-Income-Tax-Act-Fresh-Adjudication-on-Initiation-of-Action-TDS-under-Form-3CD-Form-3CD-taxscan.jpg "Set Back to MTS: ITAT Orders Fresh Adjudication on Initiation of Action u/s 154 of Income Tax Act on Basis of Shortfall in TDS under Form 3CD [Read Order]")
Failure to Comply with Direction of HC in Rejecting Application for Registration u/s 10(23C) of Income Tax Act by CIT(E): ITAT Directs De-novo Adjudication [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that Commissioner of Income Tax (Exemption) [CIT (E)] failed to comply with the direction of High Court (HC) in rejecting application for...
![Failure to Comply with Direction of HC in Rejecting Application for Registration u/s 10(23C) of Income Tax Act by CIT(E): ITAT Directs De-novo Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-Comply-Direction-HC-Rejecting-Application-Registration-Income-Tax-Act-CITE-ITAT-De-novo-Adjudication-TAXSCAN.jpg "Failure to Comply with Direction of HC in Rejecting Application for Registration u/s 10(23C) of Income Tax Act by CIT(E): ITAT Directs De-novo Adjudication [Read Order]")
Income Tax Payable Fully Adjusted Against Refund for Subsequent AY: ITAT Condones Delay of 85 Days [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) condoned delay of 85 days and held that payment of income tax in Assessment Year (AY) 2022-23, considered as complete adjustment of return...
![Income Tax Payable Fully Adjusted Against Refund for Subsequent AY: ITAT Condones Delay of 85 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Re-calculation-of-Refund-Receivable-to-Claim-Interest-on-Refunds-ITAT-Condones-Delay-TAXSCAN.jpg "Income Tax Payable Fully Adjusted Against Refund for Subsequent AY: ITAT Condones Delay of 85 Days [Read Order]")
Claim of Compensation for Termination of Development Agreement Allowed as Deduction to One Co-Owner Cannot be Denied to Other Co-owner: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT), held that the claim for the compensation in the case of the co-owner was admitted by the revenue and therefore the revenue has taken...
![Claim of Compensation for Termination of Development Agreement Allowed as Deduction to One Co-Owner Cannot be Denied to Other Co-owner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Claim-of-Compensation-for-Termination-of-Development-Agreement-Allowed-as-Deduction-to-One-Co-Owner-Denied-Co-owner-ITAT-TAXSCAN.jpg "Claim of Compensation for Termination of Development Agreement Allowed as Deduction to One Co-Owner Cannot be Denied to Other Co-owner: ITAT [Read Order]")