![Income from Sale of Property received by Real Estate Agent Taxable as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Sale-of-Property-Real-Estate-Agent-Business-Income-ITAT-Taxscan.jpeg "Income from Sale of Property received by Real Estate Agent Taxable as Business Income: ITAT [Read Order]")
Income from Sale of Property received by Real Estate Agent Taxable as Business Income: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT)has held that the sale consideration received by a real estate agent towards the sale...
![Assessee entitled to claim 15% Depreciation under Block of Assets ‘Plant and Machinery’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Depreciation-Block-of-Assets-Plant-and-Machinery-ITAT-Taxscan.jpg "Assessee entitled to claim 15% Depreciation under Block of Assets ‘Plant and Machinery’: ITAT [Read Order]")
![Commissioner cannot invoke Revisional Jurisdiction to cancel Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Commissioner-Revisional-Jurisdiction-Assessment-ITAT-Taxscan.jpg "Commissioner cannot invoke Revisional Jurisdiction to cancel Assessment: ITAT [Read Order]")
![Amount Paid as Retrenchment Compensation is allowable Deduction u/s 37 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Retrenchment-Compensation-Taxscan.jpg "Amount Paid as Retrenchment Compensation is allowable Deduction u/s 37 of Income Tax Act: ITAT [Read Order]")
![Addl Evidence U/R 46A cant accept without Enquiry: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Evidence-Taxscan.jpg "Addl Evidence U/R 46A cant accept without Enquiry: ITAT [Read Order]")
ITAT Confirms Denial of Exemption to Trust in the absence of Mandatory Registration u/s 12AA [Read Order]
The Delhi bench Income Tax Appellate Tribunal in a recent order, confirmed the denial of income tax exemption to Trust in the absence of mandatory registration under Section 12AA of the Income Tax...
![ITAT Confirms Denial of Exemption to Trust in the absence of Mandatory Registration u/s 12AA [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Trust-Taxscan.jpg "ITAT Confirms Denial of Exemption to Trust in the absence of Mandatory Registration u/s 12AA [Read Order]")
Specific Charge of Alleged Concealment and or Furnishing of Inaccurate particulars of Income is Mandatory for Levying Penalty: ITAT [Read Order]
The Income Tax Appellate Tribunal recently in its order ruled that in order to levy penalty under section 271(1) (c) of the Income Tax Act, specific charge of alleged concealment and or furnishing of...
![Specific Charge of Alleged Concealment and or Furnishing of Inaccurate particulars of Income is Mandatory for Levying Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg "Specific Charge of Alleged Concealment and or Furnishing of Inaccurate particulars of Income is Mandatory for Levying Penalty: ITAT [Read Order]")
Advance given by a Company to Its Director for Sale of Land is not Deemed Dividend: ITAT [Read Order]
Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that advance given by a company to its Director/ substantial shareholder cannot be considered as deemed dividend for the purpose...
![Advance given by a Company to Its Director for Sale of Land is not Deemed Dividend: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Deemed-Dividends-Taxscan.jpg "Advance given by a Company to Its Director for Sale of Land is not Deemed Dividend: ITAT [Read Order]")
![Penalty can’t be Levied for Applying Deemed Provisions of Sec 50C: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Penalty can’t be Levied for Applying Deemed Provisions of Sec 50C: ITAT [Read Order]")
Making of a Claim which is not Sustainable in Law would not render Penal Liability: ITAT [Read Order]
The Income Tax Appellate Tribunal recently held that mere making of a claim which is not sustainable in law would not amount to furnishing of incorrect particulars for the purpose of levying penalty...
![Making of a Claim which is not Sustainable in Law would not render Penal Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Making of a Claim which is not Sustainable in Law would not render Penal Liability: ITAT [Read Order]")
![Assessment u/s 153C without Incriminating Material is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Assessment-Taxscan.jpg "Assessment u/s 153C without Incriminating Material is Invalid: ITAT [Read Order]")