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![Mere Change of Heads of Income would not Attract Penalty u/s 271(1)(a): ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Mere Change of Heads of Income would not Attract Penalty u/s 271(1)(a): ITAT Mumbai [Read Order]")
Mere Change of Heads of Income would not Attract Penalty u/s 271(1)(a): ITAT Mumbai [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has observed that mere changes of heads of income would not attract any penalty under Section...
![Failure of Authorized Representative to Attend Assessment proceedings without informing Assessee is a ‘reasonable cause’: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Failure of Authorized Representative to Attend Assessment proceedings without informing Assessee is a ‘reasonable cause’: ITAT deletes Penalty [Read Order]")
Delhi Govt DVAT Dealers to submit Closing Stock Details held by them pre-GST Rollout [Read Notification]
The Department of Trade and Taxes, Delhi directed all the dealers who were registered under DVAT (Delhi Value Added Tax) to submit details of closing stock as held by them on 31st Mar & 30th June...
![Delhi Govt DVAT Dealers to submit Closing Stock Details held by them pre-GST Rollout [Read Notification]](https://www.taxscan.in/wp-content/uploads/2016/05/delhi-vat.jpg "Delhi Govt DVAT Dealers to submit Closing Stock Details held by them pre-GST Rollout [Read Notification]")
![Bonus Shares are also Foreign Exchange Assets u/s 115E of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Share-Trading.jpg "Bonus Shares are also Foreign Exchange Assets u/s 115E of the Income Tax Act: ITAT [Read Order]")
Genuineness of Gift received by Assessee can’t be suspected merely on Ground that Family Members received Bogus Gifts: ITAT
While deleting an addition made in respect of undisclosed income, the Delhi bench of the ITAT held that the gift received by the assessee cannot be treated as non-genuine merely for the reason that...
