Sunayana Dhal
![AOs failure to verify Nature and Source of Income: ITAT upholds Revision Order of Pr. CIT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Reopening-Reopening-Case-initiated-failure-Cash-deposits-AO-taxscan-1.jpg "AOs failure to verify Nature and Source of Income: ITAT upholds Revision Order of Pr. CIT [Read Order]")
AO's failure to verify Nature and Source of Income: ITAT upholds Revision Order of Pr. CIT [Read Order]
The Raipur branch of the Income Tax Appellate Tribunal (ITAT) upheld the revision order issued by the Principal Commissioner of Income Tax (Pr. CIT)...
![Disallowance u/s 40(a)(ia) of Income Tax Act shall be imposed when Assessee fails to deduct TDS on amount of Interest to NBFCs: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Disallowance-Income-Tax-Act-Income-Tax-Assessee-fails-to-deduct-TDS-TDS-amount-of-Interest-to-NBFCs-ITAT-NBFCs-taxscan.jpg "Disallowance u/s 40(a)(ia) of Income Tax Act shall be imposed when Assessee fails to deduct TDS on amount of Interest to NBFCs: ITAT [Read Order]")
![Reserves and Subsidy created out of Profit after deduction of Tax shall not be taxable when credited to Partners Capital Account: ITAT quashed Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Reserves-Subsidy-Reserves-and-Subsidy-created-out-of-Profit-Profit-deduction-Tax-deduction-of-Tax-taxscan.jpg "Reserves and Subsidy created out of Profit after deduction of Tax shall not be taxable when credited to Partners Capital Account: ITAT quashed Order of CIT(A) [Read Order]")
![Interest Paid on Delayed Payment of TDS u/s 201(1A) of Income Tax Act is not Eligible for Allowance as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Interest-Paid-on-Delayed-Payment-of-TDS-Interest-Payment-of-TDS-TDS-Income-Tax-Act-Income-Tax-ITAT-Taxscan.jpg "Interest Paid on Delayed Payment of TDS u/s 201(1A) of Income Tax Act is not Eligible for Allowance as Business Expenditure: ITAT [Read Order]")
Notice issued by AO in aware of Non-existence of assessee-company on account of Amalgamation stands Invalid: ITAT [Read Order]
The Indore bench of the Income Tax Appellate Tribunal (ITAT) held that the notice issued by the Assessing Officer in aware of the non-existence of the assessee-company on the account of amalgamation...
![Notice issued by AO in aware of Non-existence of assessee-company on account of Amalgamation stands Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Notice-AO-Non-existence-of-assessee-Non-existence-of-assessee-company-on-account-of-Amalgamation-stands-Invalid-ITAT-taxscan.jpg "Notice issued by AO in aware of Non-existence of assessee-company on account of Amalgamation stands Invalid: ITAT [Read Order]")
Provision of Gratuity after deduction of Actual Gratuity charged to Profit in P/L Account doesn't attract disallowance u/s 37: ITAT directs AO for fresh Consideration [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the provision of gratuity after deduction of the actual gratuity charged to the profit in the profit/ loss account doesn’t...
![Provision of Gratuity after deduction of Actual Gratuity charged to Profit in P/L Account doesnt attract disallowance u/s 37: ITAT directs AO for fresh Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Provision-of-Gratuity-deduction-of-Actual-Gratuity-charged-to-Profit-in-P-L-Account-disallowance-ITAT-directs-AO-for-fresh-Consideration-TAXSCAN.jpg "Provision of Gratuity after deduction of Actual Gratuity charged to Profit in P/L Account doesnt attract disallowance u/s 37: ITAT directs AO for fresh Consideration [Read Order]")
Disallowances on Delay in making Payment towards PF & ESI can't be initiated when Payment is made before filling of ITR: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the disallowances on grounds of delay in making the payments towards the Provident fund (PF) and Employees state insurance (ESI)...
![Disallowances on Delay in making Payment towards PF & ESI cant be initiated when Payment is made before filling of ITR: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Disallowances-on-Delay-PF-and-ESI-Payment-filling-of-ITR-ITAT-Delay-in-making-Payment-towards-PF-and-ESI-taxscan.jpg "Disallowances on Delay in making Payment towards PF & ESI cant be initiated when Payment is made before filling of ITR: ITAT [Read Order]")
Mere Suspicious Information received from DDIT can't be a ground to raise Addition u/s 69B of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that mere suspicious information received from the Deputy Director of Income Tax (DDIT) cannot be a ground to raise an addition under...
![Mere Suspicious Information received from DDIT cant be a ground to raise Addition u/s 69B of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Mere-Suspicious-Information-DDIT-Addition-Income-Tax-Act-ITAT-taxscan.jpg "Mere Suspicious Information received from DDIT cant be a ground to raise Addition u/s 69B of Income Tax Act: ITAT [Read Order]")
When Property claimed differs from Property referred in Sale Agreement, benefit u/s 54 of Income Tax Act can't be attracted: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that when the property claimed is different from the property referred to in the sale agreement then benefit under Section 54 of the...
![When Property claimed differs from Property referred in Sale Agreement, benefit u/s 54 of Income Tax Act cant be attracted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Property-Property-Sale-Agreement-Income-Tax-Act-ITAT-TAXSCAN.jpg "When Property claimed differs from Property referred in Sale Agreement, benefit u/s 54 of Income Tax Act cant be attracted: ITAT [Read Order]")
Claim on Cost of Construction shall be in accordance with Supplementary Development Agreement: ITAT deletes Addition of differential Cost [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the claim on the cost of construction shall be made in accordance with the Supplementary Development Agreement. The assessee...
![Claim on Cost of Construction shall be in accordance with Supplementary Development Agreement: ITAT deletes Addition of differential Cost [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Claim-Construction-Supplementary-Development-Agreement-ITAT-Cost-TAXSCAN.jpg "Claim on Cost of Construction shall be in accordance with Supplementary Development Agreement: ITAT deletes Addition of differential Cost [Read Order]")
Change in Shareholding Pattern of same Shareholders having 51% of Voting Power won't attract provision of Section 79 of IT Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that change in the shareholding pattern of the same shareholders having 51% of the voting power won’t attract the provision of...
![Change in Shareholding Pattern of same Shareholders having 51% of Voting Power wont attract provision of Section 79 of IT Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Change-Shareholding-Pattern-Voting-Power-attract-provision-ITAT-TAXSCAN.jpg "Change in Shareholding Pattern of same Shareholders having 51% of Voting Power wont attract provision of Section 79 of IT Act: ITAT [Read Order]")