![ITAT deletes Penalty U/s 271(1)(c) for Co-operative Bank in Liquidation, Citing Full Disclosure and Lack of Concealment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Penalty-Co-operative-Bank-ITAT-Deletes-Income-Tax-Appellate-Tribunal-ITAT-Deposit-Insurance-and-Credit-Guarantee-Corporation-DICGC-Section-2711c-of-the-Income-Tax-Act-taxscan.jpg "ITAT deletes Penalty U/s 271(1)(c) for Co-operative Bank in Liquidation, Citing Full Disclosure and Lack of Concealment [Read Order]")
ITAT deletes Penalty U/s 271(1)(c) for Co-operative Bank in Liquidation, Citing Full Disclosure and Lack of Concealment [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT)Â allowed the appeal,deleted the penalty imposed under Section 271(1)(c) of the Income Tax...
![Submission of Professional Fee Records Deemed Sufficient: ITAT deletes Addition of Professional Fees Paid to Doctors [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/TDS-Tax-Deducted-at-Source-Consultant-Doctors-Retainer-Doctors-payment-made-to-Consultant-Doctors.jpg "Submission of Professional Fee Records Deemed Sufficient: ITAT deletes Addition of Professional Fees Paid to Doctors [Read Order]")
![Deduction Claim on Building Construction Expenses: ITAT deletes Penalty on Trust for Bona Fide Error [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Penalty-on-Trust-Building-Construction-Tax-Deduction-Construction-Income-Tax-Deduction-Income-Tax-taxscan.jpg "Deduction Claim on Building Construction Expenses: ITAT deletes Penalty on Trust for Bona Fide Error [Read Order]")
![Transfer of Assets of firm to Rural Area: ITAT allows Income Tax Exemptions u/s 54 G to assessee having Rs.1.22 crore Investment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-Appellate-Tribunal-Income-Tax-Income-Tax-Exemptions-Tax-Exemptions-Section-54-of-the-Income-Tax-Act-ITAT-rajkot-taxscan.jpg "Transfer of Assets of firm to Rural Area: ITAT allows Income Tax Exemptions u/s 54 G to assessee having Rs.1.22 crore Investment [Read Order]")
![Challenge on Non-Compliance of Formalities of Taking Approval of Specified Authority u/s 151(ii) of Income Tax Act: Calcutta HC dismisses Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-Calcutta-HC-Non-Compliance-Approval-of-Specified-Authority-calcutta-hc-news-Petition-Calcutta-HC-Dismisses-Petition-taxscan.jpg "Challenge on Non-Compliance of Formalities of Taking Approval of Specified Authority u/s 151(ii) of Income Tax Act: Calcutta HC dismisses Petition [Read Order]")
Issue of Bogus Loss on Sale of Share does not arise From ITAT Order Challenged in Petition: Calcutta HC dismisses Petition [Read Order]
In a recent case, the Calcutta High Court dismissed the petition as the issue of bogus loss on sale of share doesn't arise from Income Tax Appellate Tribunal ( ITAT ) order which was challenged...
![Issue of Bogus Loss on Sale of Share does not arise From ITAT Order Challenged in Petition: Calcutta HC dismisses Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/income-Tax-Income-Tax-Order-Issue-of-Bogus-Loss-writ-petition-TAXSCAN.jpg "Issue of Bogus Loss on Sale of Share does not arise From ITAT Order Challenged in Petition: Calcutta HC dismisses Petition [Read Order]")
Genuineness of small-time Investments: ITAT directs AO to delete Additions of Rs.22,02,620/- [Read Order]
In a recent decision by the Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ), the question of the genuineness of investments made by small-time investors in a limited company was addressed....
![Genuineness of small-time Investments: ITAT directs AO to delete Additions of Rs.22,02,620/- [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Delhi-small-time-Investments-Assessing-Officer-small-time-investors-taxscan.jpg "Genuineness of small-time Investments: ITAT directs AO to delete Additions of Rs.22,02,620/- [Read Order]")
Calcutta HC dismisses Appeal against ITAT Ruling after Approval of Resolution Plan by NCLT [Read Order]
In the recent case, the Calcutta High Court dismissed the appeal filed by the Income Tax Department challenging a ruling by the Income Tax Appellate Tribunal ( ITAT ). The court deemed the appeal...
![Calcutta HC dismisses Appeal against ITAT Ruling after Approval of Resolution Plan by NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-NCLT-NCLT-Resolution-Plan-Calcutta-HC-TAXSCAN.jpg "Calcutta HC dismisses Appeal against ITAT Ruling after Approval of Resolution Plan by NCLT [Read Order]")
![Government notifies Income Tax Exemption for UIDAI [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/08/UIDAI-Income-Tax-Income-Tax-Exemption-Government-notifies-Tax-Exemption-Income-Tax-Exemption-for-UIDAI-taxscan.jpg "Government notifies Income Tax Exemption for UIDAI [Read Notification]")
CBDT Exempts West Bengal Transport Workers’ Social Security Scheme from Income Tax u/s 10(46) [Read Order]
West Bengal Transport Workers’ Social Security Scheme has been exempted from Income tax under Section 10(46) of Income tax act, 1961. The Central Board of Direct Taxes ( CBDT ) notified through...
![CBDT Exempts West Bengal Transport Workers’ Social Security Scheme from Income Tax u/s 10(46) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/CBDT-Amends-Inserts-Rule-Income-Tax-Rules-taxscan.jpg "CBDT Exempts West Bengal Transport Workers’ Social Security Scheme from Income Tax u/s 10(46) [Read Order]")
Calcutta HC upholds ITAT's decision quashing Order u/s 263 on MAT Credit and Doubtful Debts: Finds no Error in Assessment [Read Order]
In the recent case, the Calcutta High Court,upheld the Tribunal's decision on Minimum Alternate Tax ( MAT ) credit and provisions for doubtful debts, concluding that there were no significant errors...
![Calcutta HC upholds ITATs decision quashing Order u/s 263 on MAT Credit and Doubtful Debts: Finds no Error in Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Calcutta-High-Court-ITAT-MAT-MAT-Credit-Error-in-Assessment-Taxscan.jpg "Calcutta HC upholds ITATs decision quashing Order u/s 263 on MAT Credit and Doubtful Debts: Finds no Error in Assessment [Read Order]")
Ex-Parte Dismissal without Adjudicating Unexplained Cash Deposits Unsustainable u/s 250(6): ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) set aside the Ex-Parte dismissal order by the Commissioner of Income Tax (Appeals) [ CIT(A)] without adjudicating the unexplained...
![Ex-Parte Dismissal without Adjudicating Unexplained Cash Deposits Unsustainable u/s 250(6): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Cash-Deposits-Taxable-Income-Absence-Evidence-Source-IT-Act-TAXSCAN.jpg "Ex-Parte Dismissal without Adjudicating Unexplained Cash Deposits Unsustainable u/s 250(6): ITAT [Read Order]")