![MP HC to Examine ITATs Reliance on Investigation Report sans ITAT Rule 29 Compliance, Issues Notice to Income Tax Department [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Madhya-Pradesh-High-Court-Income-Tax-Department-ITAT-Rule-Income-Tax-Issues-Noticee-taxscan.jpg "MP HC to Examine ITATs Reliance on Investigation Report sans ITAT Rule 29 Compliance, Issues Notice to Income Tax Department [Read Order]")
MP HC to Examine ITAT's Reliance on Investigation Report sans ITAT Rule 29 Compliance, Issues Notice to Income Tax Department [Read Order]
The Madhya Pradesh High Court has decided to scrutinize the Income Tax Appellate Tribunal ( ITAT ) 's reliance on an investigation report without...
![ITAT confirms Rs. 1.45 Crore Income Tax Addition as Short-Term Capital Gain in Taxpayers Non-Agricultural Land Sale [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Mumbai-Income-Tax-Addition-as-Short-Term-Capital-Gain-Taxpayers-Non-Agricultural-Land-Sale-taxscan.jpg "ITAT confirms Rs. 1.45 Crore Income Tax Addition as Short-Term Capital Gain in Taxpayers Non-Agricultural Land Sale [Read Order]")
![Transferees Eligible to Claim TDS Credit Even if Certificates are in Name of Amalgamated/Demerged Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Tax-Deducted-at-Source-Section-40aia-of-the-Income-Tax-Act-ITAT-Income-Tax-Appellate-Tribunal-taxscan.jpg "Transferees Eligible to Claim TDS Credit Even if Certificates are in Name of Amalgamated/Demerged Company: ITAT [Read Order]")
![Income Tax Faceless Assessment Provision Violation: Madhya Pradesh HC halts passing Final Orders, Lists case on 1st July [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Income-Tax-Faceless-Assessment-Income-Tax-Madhya-Pradesh-High-Court-taxscan.jpg "Income Tax Faceless Assessment Provision Violation: Madhya Pradesh HC halts passing Final Orders, Lists case on 1st July [Read Order]")
![Delhi HC Restrains Income dept. from Taking Further Steps Pursuant to Order Passed u/s 148A (d) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Delhi-HC-Restrains-Income-dept-income-tax-department-restraint-Section-148A-d-of-the-Income-Tax-Act-taxscan.jpg "Delhi HC Restrains Income dept. from Taking Further Steps Pursuant to Order Passed u/s 148A (d) [Read Order]")
Delhi HC to Hear Case on Income Tax - TDS Applicability for EDC and Interest Payments to HUDA/DTCP on September 11, 2024 [Read Order]
The Delhi High Court will hear the case on the applicability of Income Tax - TDS for External Development Charges ( EDC ) and interest payments to Haryana Urban Development Authority ( HUDA )...
![Delhi HC to Hear Case on Income Tax - TDS Applicability for EDC and Interest Payments to HUDA/DTCP on September 11, 2024 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Delhi-HC-to-Hear-Case-on-Income-Tax-Haryana-Urban-Development-Authority-Delhi-HC-case-on-Income-tax-taxscan.jpg "Delhi HC to Hear Case on Income Tax - TDS Applicability for EDC and Interest Payments to HUDA/DTCP on September 11, 2024 [Read Order]")
Interest Income is Assessable as Business Income: ITAT directs AO to Assess Interest Income under Head Income from Business [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) directed the Assessing officer to assess the interest income under the head "Income from Business," confirming that interest income is...
![Interest Income is Assessable as Business Income: ITAT directs AO to Assess Interest Income under Head Income from Business [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Mumbai-Interest-Income-is-Assessable-as-Business-Income-ITAT-Directs-AO-to-Assess-Interest-Income-TAXSCAN.jpg "Interest Income is Assessable as Business Income: ITAT directs AO to Assess Interest Income under Head Income from Business [Read Order]")
Taxpayer dies and no Legal Heirs is substituted within a Reasonable Time: ITAT dismisses Appeal [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal as the taxpayer died and no legal heirs were substituted within a reasonable time. When the present appeal was...
![Taxpayer dies and no Legal Heirs is substituted within a Reasonable Time: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-ITAT-Mumbai-Income-tax-appellate-tribunal-Legal-heirs-TAXSCAN.jpg "Taxpayer dies and no Legal Heirs is substituted within a Reasonable Time: ITAT dismisses Appeal [Read Order]")
Taxpayer discharges Burden to prove Identity, Creditworthiness and Genuineness of Loan Creditors: ITAT deletes Income Tax Addition of 1.17Cr u/s 68 [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of 1.17 crore under Section 68 of the Income Tax Act, 1961 as the taxpayer had discharged the burden to prove...
![Taxpayer discharges Burden to prove Identity, Creditworthiness and Genuineness of Loan Creditors: ITAT deletes Income Tax Addition of 1.17Cr u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-Tax-Income-Tax-Addition-Taxpayer-ITAT-mumbai-Section-68-of-the-Income-Tax-Act-taxscan.jpg "Taxpayer discharges Burden to prove Identity, Creditworthiness and Genuineness of Loan Creditors: ITAT deletes Income Tax Addition of 1.17Cr u/s 68 [Read Order]")
AO fails to verify Genuineness of Credible Information before issuing Notice: ITAT quashes Notice u/s 148 of Income Tax Act [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the notice issued under Section 148 of the Income Tax Act, 1961 as the Assessing Officer failed to verify the genuineness of...
![AO fails to verify Genuineness of Credible Information before issuing Notice: ITAT quashes Notice u/s 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Kolkatha-ITAT-quashed-the-notice-issued-under-Section-148-of-the-ITA-AO-Fails-to-verify-Genuineness-taxscan.jpg "AO fails to verify Genuineness of Credible Information before issuing Notice: ITAT quashes Notice u/s 148 of Income Tax Act [Read Order]")
Creditworthiness of Shares Subscribers and Genuineness of Transactions proved by Supported Documents: ITAT deletes Income Tax Addition u/s 68 [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition under Section 68, of Income Tax Act, 1961 as the identity and creditworthiness of the share subscribers, along...
![Creditworthiness of Shares Subscribers and Genuineness of Transactions proved by Supported Documents: ITAT deletes Income Tax Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-kolkata-Income-Tax-Addition-ITAT-deletes-Income-Tax-Appellate-Trribunal-taxscan.jpg "Creditworthiness of Shares Subscribers and Genuineness of Transactions proved by Supported Documents: ITAT deletes Income Tax Addition u/s 68 [Read Order]")
Taxpayer Provides Adequate and Credible Evidence on Identity, Creditworthiness and Genuineness of Share Subscription Transactions:Â ITAT deletes addition u/s 68 [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition under Section 68 of Income Tax Act, 1961 after the taxpayer provided adequate and credible evidence on their...
![Taxpayer Provides Adequate and Credible Evidence on Identity, Creditworthiness and Genuineness of Share Subscription Transactions:Â ITAT deletes addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Delhi-Section-68-of-Income-Tax-Act-Income-Tax-Appellate-Tribunal-Tax-news-Taxscan.jpg "Taxpayer Provides Adequate and Credible Evidence on Identity, Creditworthiness and Genuineness of Share Subscription Transactions:Â ITAT deletes addition u/s 68 [Read Order]")