Difference between Circle Rate and actual amount paid for Purchase of Land: ITAT upholds addition made u/s 56(2)(vii)(b) of Income Tax Act
The Income Tax Appellate Tribunal (ITAT), Delhi bench, upheld the addition made under Section 56(2)(vii)(b) of the Income Tax Act, 1961, towards the...
![Notice of Penalty issued without Specifying Charge of Offense committed by Assessee: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Notice-of-Penalty-Specifying-Charge-of-Offense-committed-by-Assessee-ITAT-deletes-Penalty-ITAT-Income-Tax-Act-Income-Tax-TAXSCAN.jpg "Notice of Penalty issued without Specifying Charge of Offense committed by Assessee: ITAT deletes Penalty [Read Order]")
![Addition made on basis of deeming provisions of Section 2(22)(e) of Income Tax Act is for Estimating Income and not for Inaccurate Particulars of Income: ITAT deletes penalty u/s 271(1)(c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Addition-deeming-provisions-of-Section-222e-of-Income-Tax-Act-Estimating-Income-and-not-for-Inaccurate-Particulars-of-Income-ITAT-deletes-penalty-2711c-Income-Tax-Act-TAXSCAN.jpg "Addition made on basis of deeming provisions of Section 2(22)(e) of Income Tax Act is for Estimating Income and not for Inaccurate Particulars of Income: ITAT deletes penalty u/s 271(1)(c) of Income Tax Act [Read Order]")
![Prior Period Income from Sale of Property chargeable to Income Tax in the year of Sale: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Sale-of-Property-Prior-Period-Income-Income-from-Sale-of-Property-ITAT-ITAT-DELHI-INCOME-TAX-INCOME-TAX-ACT-TAXSCAN.jpg "Prior Period Income from Sale of Property chargeable to Income Tax in the year of Sale: ITAT [Read Order]")
![Provision of Section 269SS and 269T of Income Tax Act imposes Statutory Liability and cant be stated as a Mere Technical Violation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Provision-Income-Tax-Act-Statutory-Liability-stated-Mere-Technical-Violation-ITAT-TAXSCAN.jpg "Provision of Section 269SS and 269T of Income Tax Act imposes Statutory Liability and cant be stated as a Mere Technical Violation: ITAT [Read Order]")
Rejection to Claim of Exemption u/s 80G of Income Tax Act by Charitable Trust due to Failure to Respond to Notice Issued: ITAT restores matter to CIT(E) for Re-adjudication [Read Order]
The Delhi Bench of Income tax Appellate Tribunal (ITAT) held that assessee has sufficient cause in not responding to the notices issued by the Commissioner of Income Tax (Exemption) [CIT(E)], thus...
![Rejection to Claim of Exemption u/s 80G of Income Tax Act by Charitable Trust due to Failure to Respond to Notice Issued: ITAT restores matter to CIT(E) for Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Rejection-to-Claim-of-Exemption-Income-Tax-Act-by-Charitable-Trust-due-to-Failure-to-Respond-to-Notice-Issued-ITAT-Restores-Matter-to-CITE-for-Re-adjudication-TAXSCAN.jpg "Rejection to Claim of Exemption u/s 80G of Income Tax Act by Charitable Trust due to Failure to Respond to Notice Issued: ITAT restores matter to CIT(E) for Re-adjudication [Read Order]")
No 'abnormal jump' in cash sales during Demonitization Period: ITAT Deletes Income Tax Addition u/s 68 of Income Tax Act [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that there is no abnormal jump in cash sales during demonetization period and all these facts clearly proved the genuineness claim made by...
![No abnormal jump in cash sales during Demonitization Period: ITAT Deletes Income Tax Addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-abnorma-l-jump-cash-sales-Demonitization-Period-ITAT-Income-Tax-Income-Tax-Act-TAXSCAN.jpg "No abnormal jump in cash sales during Demonitization Period: ITAT Deletes Income Tax Addition u/s 68 of Income Tax Act [Read Order]")
Additional income surrendered during course of Survey Proceedings shall not be taxed at 60% u/s 115BBE of Income Tax Act: ITAT quashes Revision Order [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that additional income surrendered during the course of survey proceedings should not be taxed at 60% under Section 115BBE of the...
![Additional income surrendered during course of Survey Proceedings shall not be taxed at 60% u/s 115BBE of Income Tax Act: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Additional-income-surrendered-course-Survey-Proceedings-taxed-Income-Tax-ITAT-quashes-Revision-Order-taxscan.jpg "Additional income surrendered during course of Survey Proceedings shall not be taxed at 60% u/s 115BBE of Income Tax Act: ITAT quashes Revision Order [Read Order]")
Order passed u/s 153A of Income Tax Act is invalid and deemed to have never been issued as it fails to mention DIN in its body: ITAT
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the order passed under Section 153A of the Income Tax Act, 1961 is invalid and deemed to have never been issued as it fails to...
Fee received towards live transmissions of cricket matches programmes held in Australia is not "Royalty" under Indo -Australia DTAA: ITAT deletes addition against Cricket Australia [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench ruled that fee received towards live transmissions of cricket matches programs held in Australia is not royalty under India -Australia Double...
![Fee received towards live transmissions of cricket matches programmes held in Australia is not Royalty under Indo -Australia DTAA: ITAT deletes addition against Cricket Australia [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Fee-Fee-received-towards-live-transmissions-Fee-received-towards-live-transmissions-of-cricket-ITAT-taxscan.jpg "Fee received towards live transmissions of cricket matches programmes held in Australia is not Royalty under Indo -Australia DTAA: ITAT deletes addition against Cricket Australia [Read Order]")
Non-Compliance of E-notice due to non-Reaching to Concerned Officials as Employee Handling Matter left Company is a Reasonable Cause: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the non-compliance of e-notice due to non-reaching to the concerned officer as the employee handling the matter had left the...
![Non-Compliance of E-notice due to non-Reaching to Concerned Officials as Employee Handling Matter left Company is a Reasonable Cause: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Non-Compliance-of-E-notice-due-to-non-Reaching-to-Concerned-Officials-as-Employee-Handling-Matter-left-Company-is-a-Reasonable-Cause-ITAT-TAXSCAN.jpg "Non-Compliance of E-notice due to non-Reaching to Concerned Officials as Employee Handling Matter left Company is a Reasonable Cause: ITAT [Read Order]")
Denial of Registration u/s 12AA of Income Tax Act on ground of Non Falling of Trust within Ambit of ‘ Charitable Purpose ‘ : ITAT Directs Re-adjudication [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal ( ITAT) directed the assessing officer to re-adjudicate the rejection of registration under section 12AA of the Income Tax Act,1961 due to the...
![Denial of Registration u/s 12AA of Income Tax Act on ground of Non Falling of Trust within Ambit of ‘ Charitable Purpose ‘ : ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Denial-of-Registration-Income-Tax-Act-on-ground-of-Non-Falling-of-Trust-within-Ambit-of-Charitable-Purpose-ITAT-Directs-Re-adjudication-TAXSCAN.jpg "Denial of Registration u/s 12AA of Income Tax Act on ground of Non Falling of Trust within Ambit of ‘ Charitable Purpose ‘ : ITAT Directs Re-adjudication [Read Order]")