Sunayana Dhal
![AO cant impose an Addition without mentioning any Provision of Statute: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/AO-impose-Addition-mentioning-Provision-Statute-ITAT-taxscan.jpg "AO cant impose an Addition without mentioning any Provision of Statute: ITAT [Read Order]")
AO can't impose an Addition without mentioning any Provision of Statute: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that the Assessing Officer cannot impose an addition without mentioning any...
![ITAT grants another Opportunity to provide Evidence in relation to Registration of Trust u/s 12AB of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-Opportunity-Evidence-relation-Registration-Trust-Income-Tax-Act-TAXSCAN.jpg "ITAT grants another Opportunity to provide Evidence in relation to Registration of Trust u/s 12AB of Income Tax Act [Read Order]")
![TDS u/s 194C(2) Not applicable when No Contractual or Sub-Contractual Relationship exists between JV and its Constituencies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/TDS-applicable-when-No-Contractual-or-Sub-Contractual-Relationship-exists-between-JV-and-its-Constituencies-ITAT-TAXSCAN.jpg "TDS u/s 194C(2) Not applicable when No Contractual or Sub-Contractual Relationship exists between JV and its Constituencies: ITAT [Read Order]")
![Penalty u/s 271D of Income Tax Act cant be imposed on loan transactions made through Banking Channels: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Penalty-Income-Tax-Act-imposed-loan-transactions-Banking-Channels-ITAT-taxscan.jpg "Penalty u/s 271D of Income Tax Act cant be imposed on loan transactions made through Banking Channels: ITAT [Read Order]")
![Donation towards CSR Allowable u/s 80G of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Donation-CSR-Income-Tax-Act-ITAT-Donation-towards-CSR-income-tax-taxscan.jpg "Donation towards CSR Allowable u/s 80G of Income Tax Act: ITAT [Read Order]")
Cash Deposit in Bank by NRI: ITAT Deletes Addition u/s 68 of Income tax Act in absence of Source to use Cash [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) held that an addition under Section 68 of the Income Tax Act, 1961 cannot be made in the absence of the source to use the cash...
![Cash Deposit in Bank by NRI: ITAT Deletes Addition u/s 68 of Income tax Act in absence of Source to use Cash [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Cash-Deposit-Bank-NRI-ITAT-Deletes-Addition-Income-tax-Act-absence-Source-use-Cash-taxscan.jpg "Cash Deposit in Bank by NRI: ITAT Deletes Addition u/s 68 of Income tax Act in absence of Source to use Cash [Read Order]")
Benefit of ALP falls within Tolerance Band of +/- of 5% as per Section 92C(2) of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the benefit of Arm's Length Price (ALP) falls within the tolerance band of +/- of 5% as per Section 92C(2) of the Income Tax Act,...
![Benefit of ALP falls within Tolerance Band of +/- of 5% as per Section 92C(2) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Arms-Length-Price-Benefit-ALP-falls-Tolerance-Band-Income-Tax-Act-ITAT-taxscan.jpg "Benefit of ALP falls within Tolerance Band of +/- of 5% as per Section 92C(2) of Income Tax Act: ITAT [Read Order]")
Delayed Payment of TCS and GST is not "Penalty", Allowable as Deduction u/s 37 of Income Tax Act: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that delayed payment of Tax collection at source (TCS) and Goods and Services Tax (GST) is not a penalty and shall be allowable as a...
![Delayed Payment of TCS and GST is not Penalty, Allowable as Deduction u/s 37 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Delayed-Payment-TCS-GST-Penalty-Deduction-Income-Tax-Act-ITAT-taxscan.jpg "Delayed Payment of TCS and GST is not Penalty, Allowable as Deduction u/s 37 of Income Tax Act: ITAT [Read Order]")
![Damage on account of Right to Sue is a Capital Receipt not chargeable to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Damage-account-Damage-on-account-of-Right-to-Sue-is-a-Capital-Receipt-Sue-Right-Capital-Receipt-Tax-ITAT-taxscan.jpg "Damage on account of Right to Sue is a Capital Receipt not chargeable to Tax: ITAT [Read Order]")
Addition of Share Premium and Share Capital u/s 68 of Income Tax Act can't be imposed by ignoring Evidences produced by Assessee: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the addition of share premium and share capital cannot be imposed by ignoring the evidence produced by the assessee. The...
![Addition of Share Premium and Share Capital u/s 68 of Income Tax Act cant be imposed by ignoring Evidences produced by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Addition-Share-Premium-Share-Capital-Income-Tax-Act-imposed-ignoring-Evidences-produced-Assessee-ITAT-taxscan.jpg "Addition of Share Premium and Share Capital u/s 68 of Income Tax Act cant be imposed by ignoring Evidences produced by Assessee: ITAT [Read Order]")
Rental Income received from Agricultural Land shall be exempt from Tax and be treated as Agricultural Income: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the rental income received from the agricultural land shall be exempt from tax and be treated as agricultural income. The...
![Rental Income received from Agricultural Land shall be exempt from Tax and be treated as Agricultural Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Rental-Income-Rental-Income-received-from-Agricultural-Land-Agricultural-Land-Tax-Agricultural-Income-taxscan.jpg "Rental Income received from Agricultural Land shall be exempt from Tax and be treated as Agricultural Income: ITAT [Read Order]")
![Levy of Penalty u/s 271AAB of Income Tax Act is not Mandatory or Automatic: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Levy-Penalty-Income-Tax-Act-Mandatory-Automatic-ITAT-taxscan.jpg "Levy of Penalty u/s 271AAB of Income Tax Act is not Mandatory or Automatic: ITAT [Read Order]")