Sunayana Dhal
![Amount of Subsidy received towards Investment made in expansion of Industrial unit shall be Characterized as Capital receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Amount-of-Subsidy-received-Investment-made-in-expansion-of-Industrial-unit-Amount-of-Subsidy-expansion-of-Industrial-unit-Capital-receipt-ITAT-taxscan.jpg "Amount of Subsidy received towards Investment made in expansion of Industrial unit shall be Characterized as Capital receipt: ITAT [Read Order]")
Amount of Subsidy received towards Investment made in expansion of Industrial unit shall be Characterized as Capital receipt: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) held that the amount of subsidy received towards investment made in the expansion of...
![Sale consideration stated in Sale Deed pursuant to the Public Auction is to be accepted as Fair Market Value for purposes of Stamp Duty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Sale-consideration-Sale-Deed-Public-Auction-Fair-Market-Value-purposes-Stamp-Duty-ITAT-TAXSCAN.jpg "Sale consideration stated in Sale Deed pursuant to the Public Auction is to be accepted as Fair Market Value for purposes of Stamp Duty: ITAT [Read Order]")
![Mere Suspicion cannot take place for the purpose of passing an Order: ITAT deletes Addition made u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Mere-Suspicion-place-for-the-purpose-of-passing-an-Order-ITAT-deletes-Addition-Income-Tax-Act-TAXSCAN.jpg "Mere Suspicion cannot take place for the purpose of passing an Order: ITAT deletes Addition made u/s 68 of Income Tax Act [Read Order]")
![Consultants failure to comply with Notice of CIT-Exemptions wont result in Non-registration of Trust u/s 12A of Income Tax Act: ITAT Condones delay of 671 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Notice-of-CIT-Exemptions-Notice-CIT-Exemptions-CIT-Non-registration-of-Trust-Non-registration-Trust-Income-Tax-Act-Income-Tax-ITAT-Condones-delay-Taxscan.jpg "Consultants failure to comply with Notice of CIT-Exemptions wont result in Non-registration of Trust u/s 12A of Income Tax Act: ITAT Condones delay of 671 days [Read Order]")
Assessee can't claim Deduction for Cash Purchase of land When Amount exceeds permissible limit of ₹10000 u/s 40A(3) of Income Tax Act: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that the assessee cannot claim a deduction for the cash purchase of land when the amount exceeds the permissible limit of Rs....
![Assessee cant claim Deduction for Cash Purchase of land When Amount exceeds permissible limit of ₹10000 u/s 40A(3) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Assessee-claim-Deduction-Cash-Purchase-land-Amount-Income-Tax-Act-ITAT-TAXSCAN.jpg "Assessee cant claim Deduction for Cash Purchase of land When Amount exceeds permissible limit of ₹10000 u/s 40A(3) of Income Tax Act: ITAT [Read Order]")
Deduction claimed u/s 80C of Income Tax Act can't be rejected merely on ground of Non-mentioning of Claim in ITR: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the deduction claimed under Section 80C of the Income Tax Act, 1961 cannot be rejected merely on the ground of non-mentioning...
![Deduction claimed u/s 80C of Income Tax Act cant be rejected merely on ground of Non-mentioning of Claim in ITR: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Deduction-claimed-Income-Tax-Act-cant-be-rejected-of-Non-mentioning-of-Claim-ITR-ITAT-TAXSCAN.jpg "Deduction claimed u/s 80C of Income Tax Act cant be rejected merely on ground of Non-mentioning of Claim in ITR: ITAT [Read Order]")
Additions u/s 40A(3) of Income Tax Act can't be Initiated by AO without Furnishing Necessary Evidences: ITAT orders for Re-Consideration [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that additions under Section 40A(3) of the Income Tax Act, 1961 cannot be initiated by the assessing officer without furnishing...
![Additions u/s 40A(3) of Income Tax Act cant be Initiated by AO without Furnishing Necessary Evidences: ITAT orders for Re-Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Additions-Income-Tax-Act-Income-Tax-Income-Tax-Act-cant-be-Initiated-by-AO-without-Furnishing-Necessary-Evidences-AO-ITAT-Taxscan.jpg "Additions u/s 40A(3) of Income Tax Act cant be Initiated by AO without Furnishing Necessary Evidences: ITAT orders for Re-Consideration [Read Order]")
Delay in filling Form 67 doesn't result in disallowance of Foreign Tax Credit under Rule 128(9) of Income Tax Rules: ITAT grants claim on FTS [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that the delay in filling Form 67 doesn’t result in disallowance of the Foreign Tax Credit (FTS) under Rule 128(9) of the Income Tax...
![Delay in filling Form 67 doesnt result in disallowance of Foreign Tax Credit under Rule 128(9) of Income Tax Rules: ITAT grants claim on FTS [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Delay-in-filling-Form-67-disallowance-of-Foreign-Tax-Credit-filling-Form-67-Foreign-Tax-Credit-Income-Tax-Income-Tax-Rules-ITAT-grants-claim-on-FTS-taxscan.jpg "Delay in filling Form 67 doesnt result in disallowance of Foreign Tax Credit under Rule 128(9) of Income Tax Rules: ITAT grants claim on FTS [Read Order]")
Registration u/s 12AA of Income Tax Act can't be denied if Charitable Trust is genuinely performing its object of imparting Education: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that the registration under Section 12AA of the Income Tax Act, 1961 cannot be denied if the charitable trust is genuinely performing...
![Registration u/s 12AA of Income Tax Act cant be denied if Charitable Trust is genuinely performing its object of imparting Education: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Registration-Income-Tax-Act-Income-Tax-Charitable-Trust-Trust-imparting-Education-Education-ITAT-Taxscan.jpg "Registration u/s 12AA of Income Tax Act cant be denied if Charitable Trust is genuinely performing its object of imparting Education: ITAT [Read Order]")
No Additions shall be imposed by AO when the Income has been duly Explained by Assessee: ITAT set aside Order of CIT(A) [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that no additions shall be imposed by the assessing officer when the income has been duly explained by the assessee. The assessee...
![No Additions shall be imposed by AO when the Income has been duly Explained by Assessee: ITAT set aside Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/No-Additions-shall-be-imposed-by-AO-Income-has-been-duly-Explained-by-Assessee-ITAT-CITA-TAXSCAN.jpg "No Additions shall be imposed by AO when the Income has been duly Explained by Assessee: ITAT set aside Order of CIT(A) [Read Order]")