![ITAT upholds Disallowance for delayed deposit of PF & ESIC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Mumbai-Income-Tax-Disallowance-for-Delayed-Deposit-TAXSCAN.jpg "ITAT upholds Disallowance for delayed deposit of PF & ESIC [Read Order]")
ITAT upholds Disallowance for delayed deposit of PF & ESIC [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) upheld the disallowance for delayed deposit of provident fund ( PF ) and employee state...
![Delay or Non-cooperation for Proceedings before CIT(A) not relevant for ITATs consideration of Delay Condonation Application: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Kerala-High-Court-Kerala-HC-ITAT-Income-Tax-Non-cooperation-in-CIT-proceedings-CITA-Proceedings-Taxscan.jpg "Delay or Non-cooperation for Proceedings before CIT(A) not relevant for ITATs consideration of Delay Condonation Application: Kerala HC [Read Order]")
![CIT (A) Fails to Prove Records of Unsecured Loan Non -genuine: ITAT Deletes Disallowance of Rs. 116 crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/CIT-A-Records-Unsecured-Loan-Non-genuine-ITAT-Disallowance-TAXSCAN.jpg "CIT (A) Fails to Prove Records of Unsecured Loan Non -genuine: ITAT Deletes Disallowance of Rs. 116 crore [Read Order]")
![Interest under Land Acquisition Act is Capital Receipt being an Integral part of enhanced Compensation, exempted u/s 10 (37): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Delhi-Income-tax-Income-tax-news-Interest-taxscan.jpg "Interest under Land Acquisition Act is Capital Receipt being an Integral part of enhanced Compensation, exempted u/s 10 (37): ITAT [Read Order]")
Chargeability of Deemed Income between Holding and Subsidiary Contradicts Intent of Section 56(2)(viib) of the Income Tax Act : ITAT [Read Order]
The two member bench of the Income Tax Appellate Tribunal ( ITAT ) Delhi, observed that chargeability of deemed income between holding and subsidiary contradicts intent of Section 56(2)(viib) of the...
![Chargeability of Deemed Income between Holding and Subsidiary Contradicts Intent of Section 56(2)(viib) of the Income Tax Act : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Delhi-ITAT-Income-Tax-Income-Tax-Act-Deemed-Income-ITAT-ruling-on-deemed-income-Taxscan.jpeg "Chargeability of Deemed Income between Holding and Subsidiary Contradicts Intent of Section 56(2)(viib) of the Income Tax Act : ITAT [Read Order]")
Stay Petition against Income Tax Assessment Order: Kerala HC stays Recovery Proceedings until Final Order [Read Order]
The Kerala High Court directed the Income Tax authority to keep recovery proceedings in abeyance till the disposal of the stay petition against the Income Tax Assessment Order. The Court also...
![Stay Petition against Income Tax Assessment Order: Kerala HC stays Recovery Proceedings until Final Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Stay-Petition-Income-Tax-Assessment-Order-Kerala-HC-Recovery-Proceedings-Final-Order-taxscan.jpg "Stay Petition against Income Tax Assessment Order: Kerala HC stays Recovery Proceedings until Final Order [Read Order]")
Maturity LIC Amounts Exempt from Taxability u/s 10 (10D): ITAT directs AO to delete Addition of 1.43 Crore [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has directed the Assessing Officer (AO) to delete the addition of 1.43 crore on ground that maturity Life Insurance Corporation (LIC)...
![Maturity LIC Amounts Exempt from Taxability u/s 10 (10D): ITAT directs AO to delete Addition of 1.43 Crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Maturity-LIC-Amounts-Taxability-us-10-10D-ITAT-AO-TAXSCAN.jpg "Maturity LIC Amounts Exempt from Taxability u/s 10 (10D): ITAT directs AO to delete Addition of 1.43 Crore [Read Order]")
Genuinity with respect to income earned from other source and interest expenses clearly established: ITAT deletes Penalty [Read Order]
The Ahmedabad bench, Income Tax Appellate Tribunal (ITAT) while deleting the penalty imposed by the assessing officer held that genuinity with respect to income earned from other source and interest...
![Genuinity with respect to income earned from other source and interest expenses clearly established: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Genuinity-income-income-earned-from-other-source-interest-expenses-taxscan.jpg "Genuinity with respect to income earned from other source and interest expenses clearly established: ITAT deletes Penalty [Read Order]")
No valid satisfaction recorded before issuing notice u/s 153C of Income Tax Act: ITAT quashes Assessment Order [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) quashed the assessment order without recording valid satisfaction before issuing notice under Section 153C of the Income Tax Act, 1961. ...
![No valid satisfaction recorded before issuing notice u/s 153C of Income Tax Act: ITAT quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/No-valid-satisfaction-Income-Tax-Act-ITAT-ITAT-quashes-Assessment-Order-taxscan.jpg "No valid satisfaction recorded before issuing notice u/s 153C of Income Tax Act: ITAT quashes Assessment Order [Read Order]")
"Dragged the assessee towards an unwarranted litigation on their whims and fancies": ITAT deletes Addition on Whole Amount from Sale of Shares [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) while deleting the addition on the whole amount from the sale of shares held that the both the authorities acted in a casual manner and...
![Dragged the assessee towards an unwarranted litigation on their whims and fancies: ITAT deletes Addition on Whole Amount from Sale of Shares [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Mumbai-Income-Tax-Sale-of-Shares-Unwarranted-litigation-taxscan.jpg "Dragged the assessee towards an unwarranted litigation on their whims and fancies: ITAT deletes Addition on Whole Amount from Sale of Shares [Read Order]")
Transfer of Development Rights between two Partnership Firms not Taxable under Capital Gains from Partners: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) held that transfer of development rights between two partnership firms is not taxable under the capital gain from partners. The...
![Transfer of Development Rights between two Partnership Firms not Taxable under Capital Gains from Partners: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Mumbai-Capital-Gains-Income-Tax-TAXSCAN.jpg "Transfer of Development Rights between two Partnership Firms not Taxable under Capital Gains from Partners: ITAT [Read Order]")