The Jodhpur Bench of Income Tax Appellate Tribunal (ITAT) deleted the addition on account of deposits of employees' contribution of ESI and PF prior to the filing of return of income. The assessee, Mohan Ram

The Income Tax Appellate Tribunal (ITAT), Amritsar Bench, has recently, in an appeal filed before it, held that no addition can be made under Section 68 of the Income Tax Act, for turnover already reflected

In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ), Chennai bench has deleted the addition on the basis of production of proof for cash deposit in the bank account during demonetization period.

The Income Tax Appellate Tribunal ( ITAT ), Chandigarh Bench, has recently, in an appeal filed before it, held that a wrong claim of depreciation does not attract a penalty. The aforesaid observation was made

The Kolkata bench of Income Tax Appellate Tribunal ( ITAT ) has ruled that Current Account Transactions would not attract deemed dividend. In instant case, Assessee is a private company declared its income under the

The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, held that interest on late payment of direct taxes is not deductible under the Income Tax Act. The aforesaid

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the re-opening of an assessment cannot be done in a mechanical manner and on the basis of change of opinion by the

The Raipur Bench of Income Tax Appellate Tribunal (ITAT) held that mere leasing of developed plots to members on basis of contributions does not make the assessee i.e. Confederation of Pharma Dealers Association ineligible for

The Income Tax Appellate Tribunal ( ITAT ), Jaipur Bench, has recently, in an appeal filed before it, held that penalty u/s 271B of Income Tax Act cannot be imposed for not getting books of

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, on failure of the department to submit a contradict view to the CIT(A)’s decision, confirmed the deletion of addition

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the documentary evidences validated the compensation paid to the brokerages and the settlement of disputes out of sales proceeds. The assessee along with

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently in an appeal filed before it, held that the entire expenses connected with setting up of business are “capital” in nature, and hence that the

The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, held that there can be no deemed rent on flats sold by builder declared as stock-in-trade. The aforesaid observation

The Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench, has recently in an appeal filed before it, held that in cases of divergent views, the which is more beneficial to the assessee is to be adopted.

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has ruled that income from the business of renting equipment of residual management does not fall under house property income and held that the assessee's