![Repairs and Renovation Expenses are ‘Revenue’ in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Repairs-and-Renovation-Repairs-and-Renovation-Expenses-Expenses-Revenue-ITAT-Taxscan.jpg "Repairs and Renovation Expenses are ‘Revenue’ in Nature: ITAT [Read Order]")
Repairs and Renovation Expenses are ‘Revenue’ in Nature: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has while allowing the revenue expenditure observed that the repairs and renovation expenses...
![ITAT grants Tax Exemption to Trust carrying out Study Programmes for University’s registered Students [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/ITAT-Tax-Exemption-Study-programmes-universitys-registered-students-taxscan.jpeg "ITAT grants Tax Exemption to Trust carrying out Study Programmes for University’s registered Students [Read Order]")
![Amendment to Sec 54F (1) applicable from 1.4.2015 onwards: ITAT grants Capital Gain Deduction for purchase of Multiple Residential Units [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Capital-Gain-Deduction-purchase-Multiple-Residential-Units-taxscan.jpg "Amendment to Sec 54F (1) applicable from 1.4.2015 onwards: ITAT grants Capital Gain Deduction for purchase of Multiple Residential Units [Read Order]")
![Mere Ignorance of Law cannot be a Reason to Quash Penalty Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Mere-Ignorance-of-Law-Penalty-ITAT-Taxscan.jpeg "Mere Ignorance of Law cannot be a Reason to Quash Penalty Proceedings: ITAT [Read Order]")
![ITAT deletes Addition made on Pretext of Undisclosed Investments as No Independent Inquiry undertaken [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/ITAT-Undisclosed-Investments-independent-inquiry-Taxscan.jpg "ITAT deletes Addition made on Pretext of Undisclosed Investments as No Independent Inquiry undertaken [Read Order]")
Income to Owner of Land as per Development Agreement is Short-Term Capital Gain, Not Business Income: ITAT
While upholding the orders of the income tax authorities, the Income Tax Appellate Tribunal (ITAT), Hyderabad Bench upheld addition in respect of Short Term Capital Gains on account of development...
ITAT quashes Addition of alleged Unexplained Investment as Assessee discharged Onus of Explaining Transactions [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench quashed the addition of alleged unexplained investment as the assessee discharged the onus of explaining transactions. The Revenue’s sole...
![ITAT quashes Addition of alleged Unexplained Investment as Assessee discharged Onus of Explaining Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/ITAT-unexplained-investment-explaining-transactions-Taxscan.jpg "ITAT quashes Addition of alleged Unexplained Investment as Assessee discharged Onus of Explaining Transactions [Read Order]")
Encashment of Bank Guarantee is incurred in Normal Course of Business: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench while deleting the addition ruled that the encashment of bank guarantee is incurred in the normal course of business. The assessee, Ogene...
![Encashment of Bank Guarantee is incurred in Normal Course of Business: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Encashment-of-bank-guarantee-normal-course-of-business-ITAT-taxscan.jpeg "Encashment of Bank Guarantee is incurred in Normal Course of Business: ITAT deletes Addition [Read Order]")