![ITAT sets aside Penalty Order on existence of Ambiguity for AO on Charge u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/ITAT-penalty-existence-ambiguity-TAXSCAN.jpg "ITAT sets aside Penalty Order on existence of Ambiguity for AO on Charge u/s 271(1)(c) [Read Order]")
ITAT sets aside Penalty Order on existence of Ambiguity for AO on Charge u/s 271(1)(c) [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench set aside penalty order on existence of ambiguity in the mind of Assessing Officer on charge...
![Disallowance of Interest can’t be made where Interest-Free Funds are sufficient to cover Interest-Free Investments: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Disallowance-of-interest-interest-free-funds-interest-free-investments-ITAT-Taxscan.jpg "Disallowance of Interest can’t be made where Interest-Free Funds are sufficient to cover Interest-Free Investments: ITAT [Read Order]")
![Use of Bunglow owned by Director’s Wife for Housing Company’s Staff and Guests purely ‘Business in Nature’: ITAT deletes Disallowances [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Bunglow-Business-in-Nature-ITAT-Disallowances-Taxscan.jpg "Use of Bunglow owned by Director’s Wife for Housing Company’s Staff and Guests purely ‘Business in Nature’: ITAT deletes Disallowances [Read Order]")
![PCIT can’t form another view on same issue if AO has already passed order: ITAT rules in favour of Bank of India [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/PCIT-AO-order-ITAT-Bank-of-India-Taxscan.jpeg "PCIT can’t form another view on same issue if AO has already passed order: ITAT rules in favour of Bank of India [Read Order]")
![Rent from Warehouse facilities is Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/Rent-Warehouse-Business-Income-Taxscan.jpg "Rent from Warehouse facilities is Business Income: ITAT [Read Order]")
Sec 80IA (4) Deduction allowable to Widening of Existing Roads by Construction of Additional Lanes of a Highway: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) in Adhunik Infrastructure (P)Ltd. vs. JCIT, held that the assessee is eligible for deduction under Section 80 IA (4) of the Income Tax...
![Sec 80IA (4) Deduction allowable to Widening of Existing Roads by Construction of Additional Lanes of a Highway: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Deduction-Taxscan.jpg "Sec 80IA (4) Deduction allowable to Widening of Existing Roads by Construction of Additional Lanes of a Highway: ITAT [Read Order]")
No Wealth Tax If Assessee used Building for Construction / Set Up of Office and Service Centre: ITAT [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal ( ITAT ) in Dongfang Electric (India) P Ltd vs. DCWT ruled that No Wealth Tax if Assessee used the building for construction or set up of office and...
![No Wealth Tax If Assessee used Building for Construction / Set Up of Office and Service Centre: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Wealth-Tax-Taxscan.jpg "No Wealth Tax If Assessee used Building for Construction / Set Up of Office and Service Centre: ITAT [Read Order]")
Sub-Contracting of Assessee’s Annual Maintenance Service to an Indian Contractor doesn’t create a Virtual Presence of the Assessee in India: ITAT [Read Order]
Kolkata Bench of Income Tax Appellate Tribunal (ITAT) in HITT Holland Institute of Traffic Technology B.V vs. DCIT, International Taxation, held that presence of an Indian contractor to which the...
![Sub-Contracting of Assessee’s Annual Maintenance Service to an Indian Contractor doesn’t create a Virtual Presence of the Assessee in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Sub-Contracting-Taxscan.jpg "Sub-Contracting of Assessee’s Annual Maintenance Service to an Indian Contractor doesn’t create a Virtual Presence of the Assessee in India: ITAT [Read Order]")
Sale consideration of Property seized by IT Department can’t be treated as Amount Invested as per S. 54EC Bond: ITAT [Read Order]
In the case of Jitender Singh Marvaha vs. D.DI.T, the Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that the number of sale proceeds of the property seized by Income Tax...
![Sale consideration of Property seized by IT Department can’t be treated as Amount Invested as per S. 54EC Bond: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/54EC-Bond.jpg "Sale consideration of Property seized by IT Department can’t be treated as Amount Invested as per S. 54EC Bond: ITAT [Read Order]")
License Fee collected by Tenant while Sub-Letting Property is not Assessable as House Property Income: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Kolkata bench recently held that the License Fee collected by the tenant while sub-letting the property should be assessed under the head business income and...
![License Fee collected by Tenant while Sub-Letting Property is not Assessable as House Property Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/License-Fee-Taxscan-1.jpg "License Fee collected by Tenant while Sub-Letting Property is not Assessable as House Property Income: ITAT [Read Order]")
ITAT allows Claim towards Leave Encashment since the HC Order Invalidating S. 43(F) not stayed by SC [Read Order]
Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently quashed the order passed by the lower authorities disallowing the claim of the assessee towards leave encashment for the reason that the...
![ITAT allows Claim towards Leave Encashment since the HC Order Invalidating S. 43(F) not stayed by SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/06/Leave-Encashment.jpg "ITAT allows Claim towards Leave Encashment since the HC Order Invalidating S. 43(F) not stayed by SC [Read Order]")
Assessing Officer cannot Review his Own Order by invoking Sec 147 of the Income Tax Act: ITAT [Read Order]
Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently held that the Assessing Officer (AO) does not have any power to review his own order which has already been passed by him by invoking...
![Assessing Officer cannot Review his Own Order by invoking Sec 147 of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Assessing-Officer-ITAT-Taxscan.jpg "Assessing Officer cannot Review his Own Order by invoking Sec 147 of the Income Tax Act: ITAT [Read Order]")