Shabna Rahim
CESTAT Weekly Round-Up
This weekly round-up analytically summarises the key stories of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) reported at...
![Cessation of Liabilty u/s 41(1) of Income Tax Act cannot be treated as Income for Addition : ITAT sets aside Addition[Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Cessation-of-Liabilty-Income-Tax-Act-Income-Tax-Income-for-Addition-ITAT-sets-aside-Addition-taxscan.jpg "Cessation of Liabilty u/s 41(1) of Income Tax Act cannot be treated as Income for Addition : ITAT sets aside Addition[Read Order]")
![Penalty imposed u/s 271(1)(c) of IT Act without proving either Concealment of Income or Filing of Inaccurate Particulars of Income: ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-IT-Act-Concealment-of-Income-or-Filing-of-Inaccurate-Particulars-of-Income-Concealment-of-Income-Income-Filing-of-Inaccurate-Particulars-of-Income-Particulars-of-Income-ITAT-Taxscan.jpg "Penalty imposed u/s 271(1)(c) of IT Act without proving either Concealment of Income or Filing of Inaccurate Particulars of Income: ITAT quashes Order [Read Order]")
![No Addition can be made by Way of Disallowance of Capital Loss on Account of no Change in Real Ownership of Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-Addition-No-Addition-can-be-made-Disallowance-of-Capital-Loss-on-Account-Account-Disallowance-Capital-Loss-Way-of-Disallowance-Real-Ownership-of-Company-Ownership-of-Company-taxscan.jpg "No Addition can be made by Way of Disallowance of Capital Loss on Account of no Change in Real Ownership of Company: ITAT [Read Order]")
![Non-eligibility of Deduction u/s 54F of IT Act on Ground of Co-ownership more than one Residential Property: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Non-eligibility-of-deduction-IT-Act-on-ground-of-co-ownership-more-than-one-residential-property-ITAT-directs-re-adjudication-TAXSCAN.jpg "Non-eligibility of Deduction u/s 54F of IT Act on Ground of Co-ownership more than one Residential Property: ITAT directs Re-adjudication [Read Order]")
Penalty Imposed u/s 270A of IT Act for Misreporting of Income without Application of Mind: ITAT directs Re-adjudication [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) held that the penalty imposed by the assessing officer under section 270A of Income Tax Act,1961 for misreporting of income without the...
![Penalty Imposed u/s 270A of IT Act for Misreporting of Income without Application of Mind: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-IT-Act-misreporting-of-income-ITAT-directs-re-adjudication-Penalty-imposed-IT-Act-ITAT-re-adjudication-Taxscan.jpg "Penalty Imposed u/s 270A of IT Act for Misreporting of Income without Application of Mind: ITAT directs Re-adjudication [Read Order]")
![Disallowance u/s 14A of IT Act shall not exceeds limit of exempted income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/14A-of-IT-Act-shall-not-exceeds-limit-of-exempted-income-ITAT-TAXSCAN.jpg "Disallowance u/s 14A of IT Act shall not exceeds limit of exempted income: ITAT [Read Order]")
Deduction u/s 80P of IT Act cannot Denied Due to Late Filing of ROI : ITAT quashes Order [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal( ITAT) held that the deduction under section 80P of Income Tax Act,1961 cannot be denied due to late filing of return of income (ROI). Kishorepur...
![Deduction u/s 80P of IT Act cannot Denied Due to Late Filing of ROI : ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/IT-Act-cannot-denied-due-to-late-filing-of-ROI-ITAT-quashes-order-TAXSCAN.jpg "Deduction u/s 80P of IT Act cannot Denied Due to Late Filing of ROI : ITAT quashes Order [Read Order]")
Reference made to TPO u/s 92CA of IT Act due to Omission of Law without Saving Clause for Pending Proceedings: ITAT quashes Order [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that the reference made to the Transfer Pricing Officer (TPO) under section 92CA of the Income Tax Act, 1961 due to omission of law...
![Reference made to TPO u/s 92CA of IT Act due to Omission of Law without Saving Clause for Pending Proceedings: ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/TPO-IT-Act-Omission-of-Law-without-Saving-Clause-for-Pending-Proceedings-Omission-of-Law-Pending-Proceedings-ITAT-quashes-Order-ITAT-Order-Taxscan.jpg "Reference made to TPO u/s 92CA of IT Act due to Omission of Law without Saving Clause for Pending Proceedings: ITAT quashes Order [Read Order]")
ITAT quashes Order for deleting Disallowance of Educational Cess Claim u/s 115JB of IT Act without Proper Verification [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) quashed the order passed by the commissioner of income tax( appeals) for deleting the disallowance of education cess claim made by the...
![ITAT quashes Order for deleting Disallowance of Educational Cess Claim u/s 115JB of IT Act without Proper Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-quashes-Order-for-deleting-Disallowance-of-Educational-Cess-of-IT-Act-without-proper-verification-ITAT-TAXSCAN-1.jpg "ITAT quashes Order for deleting Disallowance of Educational Cess Claim u/s 115JB of IT Act without Proper Verification [Read Order]")
Reassessment Proceedings u/s 147 of IT Act completed without Proper Hearing : ITAT directs Re-adjudication [Read Order]
The Indore bench of Income Tax Appellate Tribunal (ITAT) directed re adjudication to the assessing officer for the completion of reassessment under Section 147 of Income Tax Act, 1961 without proper...
![Reassessment Proceedings u/s 147 of IT Act completed without Proper Hearing : ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Reassessment-proceedings-Reassessment-IT-Act-ITAT-directs-re-adjudication-taxscan.jpg "Reassessment Proceedings u/s 147 of IT Act completed without Proper Hearing : ITAT directs Re-adjudication [Read Order]")
Penalty imposed u/s 270A of Income Tax Act on Non-Disclosure of Interest Income in ROI is valid: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the penalty imposed under Section 270A of the Income Tax Act, 1961 on grounds of non-disclosure of interest income in Return of...
![Penalty imposed u/s 270A of Income Tax Act on Non-Disclosure of Interest Income in ROI is valid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-Income-Tax-Act-Income-Tax-Non-Disclosure-of-Interest-Income-in-ROI-is-valid-ITAT-Income-Taxscan.jpg "Penalty imposed u/s 270A of Income Tax Act on Non-Disclosure of Interest Income in ROI is valid: ITAT [Read Order]")