![ITAT Annual Digest [Part 48]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Auual-digest-taxscan-.jpg "ITAT Annual Digest [Part 48]")
ITAT Annual Digest [Part 48]
This yearly digest analyzes all the ITAT stories published in 2023 at taxscan.in Interest on Compulsorily Convertible Debentures Allowable as...
![ITAT Annual Digest [Part - 27]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Digest-Income-Tax-Act-ITAT-taxscan-1.jpg "ITAT Annual Digest [Part - 27]")
![Excess Jewellery found during Search in Wealthy Family belonged to Married Woman is Reasonable: ITAT Deletes Addition u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Excess-Jewellery-found-during-Search-in-Wealthy-Family-Married-Woman-is-Reasonable-ITAT-Deletes-Addition-Income-Tax-Act-TAXSCAN.jpg "Excess Jewellery found during Search in Wealthy Family belonged to Married Woman is Reasonable: ITAT Deletes Addition u/s 69A of Income Tax Act [Read Order]")
![Maintenance of Cash of company at Residence mixed with Cash of Family Members during Search Proceeding: ITAT Deletes Addition u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Maintenance-Cash-of-company-Residence-mixed-Cash-of-Family-Members-Search-Proceeding-ITAT-Deletes-Income-Tax-Act-TAXSCAN.jpg "Maintenance of Cash of company at Residence mixed with Cash of Family Members during Search Proceeding: ITAT Deletes Addition u/s 69A of Income Tax Act [Read Order]")
![Non-submission of Challan to Prove Payment of Sales Tax : ITAT Directs to Submit Documents Within 6 Months [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Non-submission-of-Challan-Payment-of-Sales-Tax-Sales-Tax-ITAT-Submit-Documents-VAT.jpg "Non-submission of Challan to Prove Payment of Sales Tax : ITAT Directs to Submit Documents Within 6 Months [Read Order]")
Maintenance Charges received from Corporate Members are Governed by Principle of Mutuality Exempted from Tax: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the maintenance charges received from corporate members are governed by principle of mutuality and are exempted from tax. The...
![Maintenance Charges received from Corporate Members are Governed by Principle of Mutuality Exempted from Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Maintenance-Charges-corporate-members-Governed-Principle-of-Mutuality-Exempted-Tax-ITAT-taxscan.jpg "Maintenance Charges received from Corporate Members are Governed by Principle of Mutuality Exempted from Tax: ITAT [Read Order]")
No TDS applicable u/s 194C of Income Tax Act towards Casual labour expenses incurred for Road Construction, Crane Hiring and Site Machine Shifting: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that no Tax Deduction at Source (TDS)Â applicable under Section 194C of the Income Tax Act, 1961 towards the casual labour expenses incurred...
![No TDS applicable u/s 194C of Income Tax Act towards Casual labour expenses incurred for Road Construction, Crane Hiring and Site Machine Shifting: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-TDS-Income-Tax-Act-Casual-labour-expenses-Road-Construction-Crane-Hiring-Site-Machine-Shifting-ITAT-TAXSCAN.jpg "No TDS applicable u/s 194C of Income Tax Act towards Casual labour expenses incurred for Road Construction, Crane Hiring and Site Machine Shifting: ITAT [Read Order]")
Disallowance of Interest u/s 36(1)(iii) Not attributable to Borrowed Amount utilized for Purchase of Immovable Property: ITAT restored issue to file of AO [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the disallowance of interest under Section 36(1)(iii) is not attributable to the borrowed amount utilized for the purchase of...
![Disallowance of Interest u/s 36(1)(iii) Not attributable to Borrowed Amount utilized for Purchase of Immovable Property: ITAT restored issue to file of AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Disallowance-Interest-attributable-Borrowed-Amount-utilized-Purchase-Immovable-Property-ITAT-AO-TAXSCAN.jpg "Disallowance of Interest u/s 36(1)(iii) Not attributable to Borrowed Amount utilized for Purchase of Immovable Property: ITAT restored issue to file of AO [Read Order]")
Disallowance u/s 40A(3) of Income Tax Act on Purchase of Meat due to Failure of Assessee to Prove Identity of Suppliers and Genuiness of Purchase in Cash: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that in absence of any evidence in support of identity and genuineness of the appellant benefit of Section 6DD(f) of the Income Tax Rules...
![Disallowance u/s 40A(3) of Income Tax Act on Purchase of Meat due to Failure of Assessee to Prove Identity of Suppliers and Genuiness of Purchase in Cash: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Disallowance-Income-Tax-Act-Purchase-Meat-Failure-Assessee-Prove-Identity-Suppliers-Genuiness-Purchase-Cash-ITAT-TAXSCAN.jpg "Disallowance u/s 40A(3) of Income Tax Act on Purchase of Meat due to Failure of Assessee to Prove Identity of Suppliers and Genuiness of Purchase in Cash: ITAT [Read Order]")
Date of Dispatch of Assessment order Beyond the Limitation Period Prescribed u/s 153(1) of Income Tax Act: ITAT Quashes Assessment Order [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the assessment order, though passed on 31.12.2016, was dispatched to the Speed Post Centre on 02.01.2017 would have to be construed...
![Date of Dispatch of Assessment order Beyond the Limitation Period Prescribed u/s 153(1) of Income Tax Act: ITAT Quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Date-of-Dispatch-of-Assessment-order-Beyond-the-Limitation-Period-Prescribed-Income-Tax-Ac-ITAT-Quashes-Assessment-Order-TAXSCAN.jpg "Date of Dispatch of Assessment order Beyond the Limitation Period Prescribed u/s 153(1) of Income Tax Act: ITAT Quashes Assessment Order [Read Order]")
ITAT quashes Reassessment Order passed without fulfillment of criteria u/s 151 of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench quashed reassessment order passed under Section 148 of the Income Tax Act, 1961 without fulfilled the criteria mentioned under Section 151 of the...
![ITAT quashes Reassessment Order passed without fulfillment of criteria u/s 151 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-Reassessment-Order-ITAT-quashes-Reassessment-Order-fulfillment-of-criteria-Income-Tax-Act-Income-Tax-taxscan.jpg "ITAT quashes Reassessment Order passed without fulfillment of criteria u/s 151 of Income Tax Act [Read Order]")
Addition cannot be Made and Sustained by Invoking the Deeming Provision of Section 68 of the Income Tax Act: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the addition could not be made and sustained by invoking the deeming provision of Section 68 of the Income Tax Act 1961. The...
![Addition cannot be Made and Sustained by Invoking the Deeming Provision of Section 68 of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Addition-Invoking-the-Deeming-Provision-Income-Tax-Act-ITAT-Income-Tax-Deeming-Provision-taxscan.jpg "Addition cannot be Made and Sustained by Invoking the Deeming Provision of Section 68 of the Income Tax Act: ITAT [Read Order]")