Shabna Rahim
![No Penalty can be imposed if Assessee Proves there was Reasonable cause for Delay in Filing Books of Account u/s 273B of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-Penalty-Assessee-Proves-Reasonable-cause-Delay-Filing-Books-Account-Income-Tax-Act-ITAT-TAXSCAN.jpg "No Penalty can be imposed if Assessee Proves there was Reasonable cause for Delay in Filing Books of Account u/s 273B of Income Tax Act: ITAT [Read Order]")
No Penalty can be imposed if Assessee Proves there was Reasonable cause for Delay in Filing Books of Account u/s 273B of Income Tax Act: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that no penalty can be imposed if the assessee proves that there was a reasonable...
![ITAT Upholds Deletion of Re-assessment Order by CIT(A) on ground of Reopening done on Unverified Information [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Deletion-Re-assessment-CITA-ground-Reopening-Unverified-Information-TAXSCAN.jpg "ITAT Upholds Deletion of Re-assessment Order by CIT(A) on ground of Reopening done on Unverified Information [Read Order]")
![Addition made on Account of Sundry Creditors Balance due to Improper Explanation on part of Assessee: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Addition-made-on-Account-of-Sundry-Creditors-Balance-ITAT-Directs-Re-adjudication-Re-adjudication-ITAT-Sundry-Creditors-Balance-taxscan.jpg "Addition made on Account of Sundry Creditors Balance due to Improper Explanation on part of Assessee: ITAT Directs Re-adjudication [Read Order]")
![Cost of Goods Cannot be Included in Denominator of PLI while Computing Net Profit Margin u/s 10(B)(1)(e) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Factory-Gate-Place-of-Removal-Cost-of-Transportation-Transportation-Price-of-Goods-Assessable-Value-CESTAT-excise-customs-service-tax-Taxscan.jpg "Cost of Goods Cannot be Included in Denominator of PLI while Computing Net Profit Margin u/s 10(B)(1)(e) of Income Tax Act: ITAT [Read Order]")
![Payment of Higher Tax Rate of Interest under Commercial Expediency Cannot Attracts any Disallowance u/s. 40A(2) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Payment-Higher-Tax-Rate-Interest-Commercial-Expediency-Attracts-Disallowance-Income-Tax-Act-ITAT-TAXSCAN.jpg "Payment of Higher Tax Rate of Interest under Commercial Expediency Cannot Attracts any Disallowance u/s. 40A(2) of Income Tax Act: ITAT [Read Order]")
Assessment Order passed by AO u/s 144 of Income Tax Act Without Giving Sufficient Opportunity to Assessee: ITAT Directs Re-adjudication [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer to re-adjudicate the assessment order under section 144 of the Income Tax Act,1961 without giving...
![Assessment Order passed by AO u/s 144 of Income Tax Act Without Giving Sufficient Opportunity to Assessee: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Assessment-Order-Assessment-Order-passed-by-AO-Income-Tax-Act-Income-Tax-ITAT-Directs-Re-adjudication-taxscan.jpg "Assessment Order passed by AO u/s 144 of Income Tax Act Without Giving Sufficient Opportunity to Assessee: ITAT Directs Re-adjudication [Read Order]")
ÂÂITAT Deletes Addition made by AO on Ground of Joint Account Income cannot be Considered as Unexplained Money u/s 69A of Income Tax Act [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition made by the assessing officer on the ground of joint account income does not considered as unexplained income under...
![ÂÂITAT Deletes Addition made by AO on Ground of Joint Account Income cannot be Considered as Unexplained Money u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Deletes-Addition-made-by-AO-on-Ground-of-Joint-Account-Income-cannot-be-Considered-as-Unexplained-Money-Income-Tax-Act-TAXSCAN.jpg "ÂÂITAT Deletes Addition made by AO on Ground of Joint Account Income cannot be Considered as Unexplained Money u/s 69A of Income Tax Act [Read Order]")
Transfer of Title in Respect of Immovable Property takes place Only through a Registered Sale Deed: ITAT [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the transfer of title in respect of immovable property takes place only through a registered sale deed. Grow More...
![Transfer of Title in Respect of Immovable Property takes place Only through a Registered Sale Deed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Transfer-of-Title-in-Respect-of-Immovable-Property-takes-place-Only-through-a-Registered-Sale-Deed-ITAT-TAXSCAN.jpg "Transfer of Title in Respect of Immovable Property takes place Only through a Registered Sale Deed: ITAT [Read Order]")
ITAT upholds Addition made by AO on Money Receipts on ground of Seizure of Relevant Documents u/s 292C of Income Tax Act [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) upheld the addition made by the assessing officer on money receipts on the ground of seizure of relevant documents under section 292C of the...
![ITAT upholds Addition made by AO on Money Receipts on ground of Seizure of Relevant Documents u/s 292C of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-upheld-addition-assessing-officer-Income-Tax-Act-money-receipts-assessee-relevant-documents-income-tax-taxscan.jpg "ITAT upholds Addition made by AO on Money Receipts on ground of Seizure of Relevant Documents u/s 292C of Income Tax Act [Read Order]")
Rejection of Application for Registration u/s 80G of Income Tax Act Without Granting Proper Opportunity to Assessee: ITAT Directs Re-adjudication [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer to re-adjudicate the rejection of the registration application under section 80G of the Income Tax Act,1961...
![Rejection of Application for Registration u/s 80G of Income Tax Act Without Granting Proper Opportunity to Assessee: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Rejection-Application-Registration-Income-Tax-Act-Granting-Proper-Opportunity-Assessee-ITAT-Re-adjudication-TAXSCAN.jpg "Rejection of Application for Registration u/s 80G of Income Tax Act Without Granting Proper Opportunity to Assessee: ITAT Directs Re-adjudication [Read Order]")
![Dismissal of Appeal by CIT(A) Without a Speaking Order on merits: ITAT Quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Dismiss-appeal-assessee-assessing-officer-Commissioner-of-Income-Tax-speaking-order-merit-ITAT-income-tax-taxscan.jpg "Dismissal of Appeal by CIT(A) Without a Speaking Order on merits: ITAT Quashes Order [Read Order]")
ITAT Quashes Assessment Order by TPO u/s 92CA of Income Tax Act Against Johnson & Johnson Pvt Ltd due to Barred by Limitation [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) quashed the assessment order passed by the Transfer Pricing Officer (TPO) under section 92CA of the Income Tax Act,1961 on the ground of...
![ITAT Quashes Assessment Order by TPO u/s 92CA of Income Tax Act Against Johnson & Johnson Pvt Ltd due to Barred by Limitation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Quashes-Assessment-Order-by-TPO-Income-Tax-Act-Against-Johnson-Johnson-Pvt-Ltd-due-to-Barred-by-Limitation-TAXSCAN.jpg "ITAT Quashes Assessment Order by TPO u/s 92CA of Income Tax Act Against Johnson & Johnson Pvt Ltd due to Barred by Limitation [Read Order]")