Namaskar Acharya
![ITAT quashes assessment order against non-existent entity proven to be null and void [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-assessment-non-existent-entity-null-void-TAXSCAN.jpg "ITAT quashes assessment order against non-existent entity proven to be null and void [Read Order]")
ITAT quashes assessment order against non-existent entity proven to be null and void [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that Assessment order proved to be null and void having not been passed for...
![ITAT dismisses Appeal in view the Appointment of Interim Resolution Professional and terms u/s 17 of IBC with granting IRP liberty to file Necessary Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-ITAT-dismisses-appeal-appeal-Interim-Resolution-Professional-taxscan.jpg "ITAT dismisses Appeal in view the Appointment of Interim Resolution Professional and terms u/s 17 of IBC with granting IRP liberty to file Necessary Application [Read Order]")
![ITAT directs AO to allow Indexation on cost of acquisition and improvement while Computing Long term capital gain for Computation done separately makes assessee Pay additional Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-directs-AO-to-indexation-on-cost-of-acquisition-and-improvement-while-computing-long-term-capital-gain-for-computation-separately-pay-additional-tax-TAXSCAN.jpg "ITAT directs AO to allow Indexation on cost of acquisition and improvement while Computing Long term capital gain for Computation done separately makes assessee Pay additional Tax [Read Order]")
![Addition made on capital gain on revaluation of land to partners are not sustainable under law for Conversion of partnership firms can be considered only in the hands of the firms under Section 47(xiii)(b): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Addition-capital-gain-revaluation-land-partners-law-Conversion-partnership-firms-hands-firms-ITAT-TAXSCAN.jpg "Addition made on capital gain on revaluation of land to partners are not sustainable under law for Conversion of partnership firms can be considered only in the hands of the firms under Section 47(xiii)(b): ITAT [Read Order]")
ITAT grants Deduction u/s 80IB(10) for Following Consideration Failure for Permissions and Timely Completion of Separate Housing Project [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal held that Assessee cannot be denied claim of exemption under Section 80IB(10) for he obtained each block and usage permission from local...
![ITAT grants Deduction u/s 80IB(10) for Following Consideration Failure for Permissions and Timely Completion of Separate Housing Project [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-grants-Deduction-Completion-Separate-Housing-Project-Housing-Project-taxscan.jpg "ITAT grants Deduction u/s 80IB(10) for Following Consideration Failure for Permissions and Timely Completion of Separate Housing Project [Read Order]")
ITAT directs readjudication on grounds of CIT(E) failing to look into submissions made by assessee and denying registration u/s 12AB of IT Act [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that in order to prevent miscarriage of justice, the assessee was provided one more opportunity of being heard in support of its...
![ITAT directs readjudication on grounds of CIT(E) failing to look into submissions made by assessee and denying registration u/s 12AB of IT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-readjudication-grounds-CITE-submissions-assessee-denying-registration-IT-Act-TAXCAN.jpg "ITAT directs readjudication on grounds of CIT(E) failing to look into submissions made by assessee and denying registration u/s 12AB of IT Act [Read Order]")
Weighted Deduction can be Claimed on DSIR's Quantification of Amount Incurred by it on in-House research & Development Facility: ITAT Deletes Addition [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal held that assessee is entitled to claim weighted deduction on all expenditure incurred by it, on in-house research & development facility....
![Weighted Deduction can be Claimed on DSIRs Quantification of Amount Incurred by it on in-House research & Development Facility: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Weighted-Deduction-claimed-on-DSIRs-quantification-of-amount-incurred-in-house-research-development-facility-ITAT-deletes-Addition-TAXSCAN.jpg "Weighted Deduction can be Claimed on DSIRs Quantification of Amount Incurred by it on in-House research & Development Facility: ITAT Deletes Addition [Read Order]")
Assessee cannot be Treated Differently when Cost of Improvement made by Co Worker has been Accepted U/S 143(3): ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) that when the same claim of cost of improvement made by the co-owner has been accepted, then the assessee cannot be treated...
![Assessee cannot be Treated Differently when Cost of Improvement made by Co Worker has been Accepted U/S 143(3): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Assessee-Assessee-cannot-be-treated-differently-when-cost-of-improvement-ITAT-taxscan.jpeg "Assessee cannot be Treated Differently when Cost of Improvement made by Co Worker has been Accepted U/S 143(3): ITAT [Read Order]")
Excess income declared during survey proceedings and credited to P&L Account not to be treated as Unexplained Income: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) held that excess income declared during the course of survey proceedings cannot be treated as unexplained income since the same way credited...
![Excess income declared during survey proceedings and credited to P&L Account not to be treated as Unexplained Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Excess-income-survey-proceedings-credited-PL-Account-treated-Unexplained-Income-ITAT-TAXSCAN.jpg "Excess income declared during survey proceedings and credited to P&L Account not to be treated as Unexplained Income: ITAT [Read Order]")
Books of account being audited and no pointing out of defect before initiation of proceedings u/s 147 proves findings by AO was based on wrong assumption of facts: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that proceedings under Section 147 of the Income Tax Act being initiated by AO was on wrong assumption of facts, thus not...
![Books of account being audited and no pointing out of defect before initiation of proceedings u/s 147 proves findings by AO was based on wrong assumption of facts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Books-of-account-being-audited-and-pointing-out-of-defect-before-initiation-of-proceedings-findings-by-AO-wrong-assumption-of-facts-ITAT-TAXSCAN.jpg "Books of account being audited and no pointing out of defect before initiation of proceedings u/s 147 proves findings by AO was based on wrong assumption of facts: ITAT [Read Order]")
Assessment order not to be termed erroneous if no addition in respect of cash deposit was made in reassessment proceeding: ITAT deletes addition on grounds of lack of jurisdiction u/s 263 [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) held that the error in the assessment order shou be one that it is not debatable or plausible view. In a case where the Assessing Officer...
![Assessment order not to be termed erroneous if no addition in respect of cash deposit was made in reassessment proceeding: ITAT deletes addition on grounds of lack of jurisdiction u/s 263 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Assessment-order-erroneous-cash-deposit-reassessment-proceeding-ITAT-grounds-lack-jurisdiction-taxscan.jpg "Assessment order not to be termed erroneous if no addition in respect of cash deposit was made in reassessment proceeding: ITAT deletes addition on grounds of lack of jurisdiction u/s 263 [Read Order]")