![Income Arising from Sold Land Established as Agricultural Land cannot be Treated as Capital Asset: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Arising-from-Sold-Land-Established-Agricultural-Land-Treated-as-Capital-Asset-ITAT-TAXSCAN.jpg "Income Arising from Sold Land Established as Agricultural Land cannot be Treated as Capital Asset: ITAT [Read Order]")
Income Arising from Sold Land Established as Agricultural Land cannot be Treated as Capital Asset: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that income arising from land could not be treated as capital asset once the nature...
![ITAT deletes Penalty u/s 271(1)(c) for Unfair Representation During Liquidation Process [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Penalty-us-2711c-Unfair-Representation-During-Liquidation-Process-TAXSCAN.jpg "ITAT deletes Penalty u/s 271(1)(c) for Unfair Representation During Liquidation Process [Read Order]")
![Cane Development Council is Local Authority u/s 10(20) of Income Tax Act: ITAT deletes Tax Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Cane-Development-Council-is-Local-Authority-us-1020-of-Income-Tax-Act-ITAT-deletes-Tax-Demand-TAXSCAN.jpg "Cane Development Council is Local Authority u/s 10(20) of Income Tax Act: ITAT deletes Tax Demand [Read Order]")
![Reopening of Income Tax Assessment and Recalculation of Capital Gains without fresh Notice u/s 148 Invalid: ITAT quashes Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Income-Tax-Assessment-Recalculation-of-Capital-Gains-Notice-ITAT-TAXSCAN.jpg "Reopening of Income Tax Assessment and Recalculation of Capital Gains without fresh Notice u/s 148 Invalid: ITAT quashes Proceedings [Read Order]")
Bogus Capital Gain,No adverse inference could be drawn against Assessee based on Misuse of Share Market by some persons: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that adverse inference can’t be drawn against the assessee based on misuse of the share market to bogus capital gain by some...
![Bogus Capital Gain,No adverse inference could be drawn against Assessee based on Misuse of Share Market by some persons: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Bogus-Capital-Gain-Assessee-Share-Market-some-persons-ITAT-TAXSCAN.jpg "Bogus Capital Gain,No adverse inference could be drawn against Assessee based on Misuse of Share Market by some persons: ITAT [Read Order]")
![Restaurant Business Eligible to Declare Income Tax on Presumptive Basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Restaurant-Business-Eligible-Declare-Income-Tax-ITAT-TAXSCAN.jpg "Restaurant Business Eligible to Declare Income Tax on Presumptive Basis: ITAT [Read Order]")
Foreign Dividend Income Which is Chargeable to Tax is outside the provision of 14 A: ITAT rules in favour of Tata Industries [Read Order]
In a significant case of Tata Industries, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that foreign dividend income which is chargeable to tax is outside the provision of 14...
![Foreign Dividend Income Which is Chargeable to Tax is outside the provision of 14 A: ITAT rules in favour of Tata Industries [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Foreign-Dividend-Income-Chargeable-to-Tax-ITAT-Tata-Industries-TAXSCAN.jpg "Foreign Dividend Income Which is Chargeable to Tax is outside the provision of 14 A: ITAT rules in favour of Tata Industries [Read Order]")
Relief to Tata Industries: ITAT allows set off of brought Forward Business Losses against Foreign Dividend Income [Read Order]
As a relief to Tata Industries, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) allowed the set offof brought forward business losses against foreign dividend income. The...
![Relief to Tata Industries: ITAT allows set off of brought Forward Business Losses against Foreign Dividend Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Tata-Industries-ITAT-Business-Losses-Foreign-Dividend-Income-TAXSCAN.jpg "Relief to Tata Industries: ITAT allows set off of brought Forward Business Losses against Foreign Dividend Income [Read Order]")
Relief to Vodafone India: ITAT allows Sec 80 Deduction on Interest Income and Miscellaneous Income [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal allowed deduction under Section 80 of the Income Tax Act, 1961 on interest income and miscellaneous income, thereby granting relief to M/s....
![Relief to Vodafone India: ITAT allows Sec 80 Deduction on Interest Income and Miscellaneous Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Vodafone-India-ITAT-Interest-Income-Miscellaneous-Income-TAXSCAN.jpg "Relief to Vodafone India: ITAT allows Sec 80 Deduction on Interest Income and Miscellaneous Income [Read Order]")
Concluded Assessment/ Reassessment cannot be disturbed in Absence of Incriminating Material during Search: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that concluded assessment/ reassessment cannot be disturbed in absence of incriminating material received during the search. ...
![Concluded Assessment/ Reassessment cannot be disturbed in Absence of Incriminating Material during Search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Concluded-Assessment-Reassessment-Absence-of-Incriminating-Material-Incriminating-Material-Incriminating-Material-during-Search-Income-Tax-ITAT-taxscan.jpg "Concluded Assessment/ Reassessment cannot be disturbed in Absence of Incriminating Material during Search: ITAT [Read Order]")
Revisional Order cannot be invoked When AO revised TDS Credit after due verification of Reconciliation Statement: ITAT [Read Order]
While considering a bunch of appeals, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the revisional order cannot be invoked when AO revised TDS credit after due...
![Revisional Order cannot be invoked When AO revised TDS Credit after due verification of Reconciliation Statement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Revisional-Order-AO-TDS-verification-ITAT-TAXSCAN.jpeg "Revisional Order cannot be invoked When AO revised TDS Credit after due verification of Reconciliation Statement: ITAT [Read Order]")