![ITAT remands Case Back to AO for Re-Assessment, due to Lack of Proper Procedure in Capital Gains Adjustment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Capital-Gain-Income-Tax-Appellate-Tribunal-ITAT-on-Lack-of-Procedure-in-Capital-Gains-taxscan.jpg "ITAT remands Case Back to AO for Re-Assessment, due to Lack of Proper Procedure in Capital Gains Adjustment [Read Order]")
ITAT remands Case Back to AO for Re-Assessment, due to Lack of Proper Procedure in Capital Gains Adjustment [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case of the assessee to the Assessing Officer ( AO ) for reassessment of the...
![ITAT Sets Aside Ex-Parte Order, Remands Case for Reassessment Due to Non-Compliance and Lack of Proper Opportunity for Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Remands-Case-for-Reassessment-Non-Compliance-and-Lack-of-Proper-Opportunity-Opportunity-for-Hearing-National-Faceless-Appeal-Centre-Assessing-Officer-Income-Tax-Appellate-Tribunal-Taxscan.jpg "ITAT Sets Aside Ex-Parte Order, Remands Case for Reassessment Due to Non-Compliance and Lack of Proper Opportunity for Hearing [Read Order]")
![CIT(A) Rejects Appeal without Merit Discussion: ITAT remits Case for Fresh Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CIT-CIT-Rejects-Merit-Discussion-ITAT-ITAT-Remits-Case-for-Fresh-Hearing-Delhi-Bench-of-Income-Tax-Appellate-Tribunal-Income-Tax-Appellate-Tribunal-Section-143-Section-254-taxpayer-Taxscan.jpg "CIT(A) Rejects Appeal without Merit Discussion: ITAT remits Case for Fresh Hearing [Read Order]")
![Contractor Ineligible for Deduction u/s 80IA(4) for Management of Solid Waste Management Systems: ITAT upholds CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-ITAT-Chennai-solid-waste-management-TAXSCAN.jpg "Contractor Ineligible for Deduction u/s 80IA(4) for Management of Solid Waste Management Systems: ITAT upholds CIT(A) Order [Read Order]")
![Profits from Sale of Jaggery is Taxable, Not considered as Agricultural Income: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Madras-High-Court-Agricultural-Income-Sale-of-Jaggery-Is-Taxable-Taxscan.jpg "Profits from Sale of Jaggery is Taxable, Not considered as Agricultural Income: Madras HC [Read Order]")
ITAT sets aside additions on Penny Stock gains, directs deletion of Related Expenses due to Lack of Evidence [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) set aside the additions made on penny stock gains and related expenses due to lack of evidence on the part of the...
![ITAT sets aside additions on Penny Stock gains, directs deletion of Related Expenses due to Lack of Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Mumbai-Penny-Stock-Expenses-Due-to-Lack-of-Evidence-Penny-Stock-gains-taxscan.jpg "ITAT sets aside additions on Penny Stock gains, directs deletion of Related Expenses due to Lack of Evidence [Read Order]")
![Lack of Approval u/s 153D in Second-Round Assessment: ITAT Upholds CIT(A)Â Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Delhi-Income-tax-Income-Tax-News-Section-153D-Taxscan.jpg "Lack of Approval u/s 153D in Second-Round Assessment: ITAT Upholds CIT(A)Â Order [Read Order]")
Contributions to approved Superannuation Fund deductible u/s 36(1)(iv) of Income Tax if within Prescribed Limits: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) held that contributions to approved superannuation fund were deductible if it was made within prescribed limits of under section 36(1)(iv)...
![Contributions to approved Superannuation Fund deductible u/s 36(1)(iv) of Income Tax if within Prescribed Limits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "Contributions to approved Superannuation Fund deductible u/s 36(1)(iv) of Income Tax if within Prescribed Limits: ITAT [Read Order]")
Transactions in Agricultural Lands classified as Business Income as per Company Objectives: ITAT Deletes Addition u/s 56 [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that Transactions and Commissions on agricultural lands would be considered business income if the company's Memorandum of...
![Transactions in Agricultural Lands classified as Business Income as per Company Objectives: ITAT Deletes Addition u/s 56 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-Income-tax-case-on-Agricultural-Land-Transactions-taxscan.jpg "Transactions in Agricultural Lands classified as Business Income as per Company Objectives: ITAT Deletes Addition u/s 56 [Read Order]")
![Determination of FMV of Property: ITAT Directs use of DVOs report from Co-Owners Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Determination-of-FMV-FMV-of-Property-ITAT-Directs-Co-Owners-Case-ITAT-Ahmedabad-FMV-taxscan.jpg "Determination of FMV of Property: ITAT Directs use of DVOs report from Co-Owners Case [Read Order]")
ITAT Reinstates Taxpayer's Appeal, Citing lack of proper Notice and Opportunity to be Heard [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the matter to the Commissioner of Income Tax (Appeals) for fresh adjudication due to the CIT(A)'s failure to provide a proper...
![ITAT Reinstates Taxpayers Appeal, Citing lack of proper Notice and Opportunity to be Heard [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Taxpayers-Appeal-ITAT-Reinstates-Citing-Lack-of-Proper-Notice-Income-Tax-Appellate-Tribunal-Notice-taxscan.jpg "ITAT Reinstates Taxpayers Appeal, Citing lack of proper Notice and Opportunity to be Heard [Read Order]")
Disallowance of ₹3.07 Crores for Contingent Liabilities: ITAT Quashes as Expenses Not Claimed in P&L [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal(ITAT)quashed the disallowance of ₹3.07 Crores for contingent liabilities, including ₹1.37 Crores for Guaranty and ₹1.71 Crores for Capital...
![Disallowance of ₹3.07 Crores for Contingent Liabilities: ITAT Quashes as Expenses Not Claimed in P&L [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/TAT-Delhi-Income-Tax-Income-Tax-News-Taxscan.jpg "Disallowance of ₹3.07 Crores for Contingent Liabilities: ITAT Quashes as Expenses Not Claimed in P&L [Read Order]")