Sunayana Dhal
![Disallowance u/a 40A (3) is not applicable when Payment was by Account Payee Cheque or Account Payee DD: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Disallowance-not-applicable-Payment-Account-Payee-Cheque-Account-Payee-DD-ITAT-TAXSCAN.jpg "Disallowance u/a 40A (3) is not applicable when Payment was by Account Payee Cheque or Account Payee DD: ITAT [Read Order]")
Disallowance u/a 40A (3) is not applicable when Payment was by Account Payee Cheque or Account Payee DD: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that disallowances under Section 40A (3) of the Income Tax Act, 1961 are not...
![Power of Attorney should be verified in Sale of an Inherent Property: ITAT sets aside the Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Power-Attorney-verified-Sale-Inherent-Property-ITAT-Assessment-Order-TAXSCAN.jpg "Power of Attorney should be verified in Sale of an Inherent Property: ITAT sets aside the Assessment Order [Read Order]")
![Amount given by Co-Purchaser for Services towards Arranging Sale is Income: ITAT confirms Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Amount-Co-Purchaser-Services-Arranging-Sale-Income-ITAT-Income-Tax-TAXSCAN.jpg "Amount given by Co-Purchaser for Services towards Arranging Sale is Income: ITAT confirms Income Tax Addition [Read Order]")
![Payment made to a Non-resident doesnt amount to Deduction in Tax u/s 195 of Income Tax Act: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Payment-made-to-a-Non-resident-Payment-Deduction-Income-Tax-Act-Income-Tax-ITAT-dismisses-Appeal-taxscan.jpg "Payment made to a Non-resident doesnt amount to Deduction in Tax u/s 195 of Income Tax Act: ITAT dismisses Appeal [Read Order]")
Value Attributed to as Non-updated Stock Amounts to Taxation: ITAT partly sustains Order of AO [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that the value attributed to non-updated stocks amounts to taxation. The Assessee, MRS Jewellery is a partnership firm having two...
![Value Attributed to as Non-updated Stock Amounts to Taxation: ITAT partly sustains Order of AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Value-Attributed-Non-updated-Stock-Amounts-Taxation-ITAT-partly-sustains-Order-AO-TAXSCAN.jpg "Value Attributed to as Non-updated Stock Amounts to Taxation: ITAT partly sustains Order of AO [Read Order]")
Income earned from Commercial Activity can't be claimed as a Deduction u/s 80P of Income Tax Act: ITAT dismisses Appeal [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that the income earned from commercial activity cannot be claimed as a deduction under Section 80P of the Income Tax Act, 1961. ...
![Income earned from Commercial Activity cant be claimed as a Deduction u/s 80P of Income Tax Act: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Deduction-Income-Tax-Act-Income-Income-earned-from-Commercial-Activity-income-tax-taxscan.jpg "Income earned from Commercial Activity cant be claimed as a Deduction u/s 80P of Income Tax Act: ITAT dismisses Appeal [Read Order]")
Failure to call for Mandate DVO report under Income Tax Act: ITAT sets aside order Discrediting Valuation Report of Assessee without Substantial Reason [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) set aside the order discrediting the valuation report of the assessee without substantial reason where there is a failure to call for the...
![Failure to call for Mandate DVO report under Income Tax Act: ITAT sets aside order Discrediting Valuation Report of Assessee without Substantial Reason [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Failure-call-Mandate-DVO-report-Income-Tax-Act-ITAT-order-Discrediting-Valuation-Report-Assessee-Substantial-Reason-TAXSCAN.jpg "Failure to call for Mandate DVO report under Income Tax Act: ITAT sets aside order Discrediting Valuation Report of Assessee without Substantial Reason [Read Order]")
Order can't be passed when an Application for Delay Condonation is Pending before CBDT: ITAT set aside Order of CIT(A) [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that an order cannot be passed when an application for delay condonation is pending before the Central Board of Direct...
![Order cant be passed when an Application for Delay Condonation is Pending before CBDT: ITAT set aside Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Delay-Condonation-CBDT-Order-Order-cant-be-passed-when-an-Application-for-Delay-Application-for-Delay-income-tax-taxscan.jpg "Order cant be passed when an Application for Delay Condonation is Pending before CBDT: ITAT set aside Order of CIT(A) [Read Order]")
No Penalty can be Levied u/s 271D of Income Tax Act without any Evident Reason: ITAT dismisses Appeal [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that no penalty can be imposed under Section 271D of the Income Tax Act, 1961 without any evident reason. The Commissioner of...
![No Penalty can be Levied u/s 271D of Income Tax Act without any Evident Reason: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Penalty-No-Penalty-Income-Tax-Act-Evident-Reason-income-tax-act-taxscan.jpg "No Penalty can be Levied u/s 271D of Income Tax Act without any Evident Reason: ITAT dismisses Appeal [Read Order]")
Assessment Proceedings can't be initiated on Fallacious Assumptions: ITAT quashes Order of CIT(A) [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that the assessment proceedings cannot be initiated on fallacious assumptions, therefore, the order passed by the Commissioner of...
![Assessment Proceedings cant be initiated on Fallacious Assumptions: ITAT quashes Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Assessment-Proceedings-Assessment-ITAT-ITAT-quashes-Order-of-CITA-Taxscan.jpg "Assessment Proceedings cant be initiated on Fallacious Assumptions: ITAT quashes Order of CIT(A) [Read Order]")
Mere initiation of Penalty proceedings cannot be challenged unless formal order has been passed: ITAT dismisses Appeal [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that mere initiation of penalty proceedings cannot be challenged unless the formal order has been passed. The matter was called for...
![Mere initiation of Penalty proceedings cannot be challenged unless formal order has been passed: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Mere-initiation-Penalty-proceedings-challenged-unless-formal-order-passed-ITAT-dismisses-Appeal-TAXSCAN.jpg "Mere initiation of Penalty proceedings cannot be challenged unless formal order has been passed: ITAT dismisses Appeal [Read Order]")