![ITAT Imposes ₹1000 Fine for Non-Appearance during Assessment Proceedings, Payable to PM Relief Fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Bangalore-ITAT-Income-Tax-Appellate-Tribunal-CITA-Assessing-Officer-PM-Relief-Fund-Fine-for-Non-Appearance-Prime-Ministers-Relief-Fund-taxscan.jpg "ITAT Imposes ₹1000 Fine for Non-Appearance during Assessment Proceedings, Payable to PM Relief Fund [Read Order]")
ITAT Imposes ₹1000 Fine for Non-Appearance during Assessment Proceedings, Payable to PM Relief Fund [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has imposed a ₹1000 fine for non-appearance during assessment proceedings before both...
![Disputed Transaction outside ambit of Income Tax Section 2(22)(e): ITAT directs AO to delete Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/TAT-ITAT-directs-AO-Income-Tax-Income-Tax-Appellate-Tribunal-Income-Tax-Act-Assessing-Officer-ITAT-bangalore-taxscan.jpg "Disputed Transaction outside ambit of Income Tax Section 2(22)(e): ITAT directs AO to delete Additions [Read Order]")
![Identity of Parties, Share Applicant, Vendor, Promoters and Genuineness of Transaction of Land is duly established: ITAT deletes addition of ₹3 Cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/CESTAT-Cenvat-Credit-Outdoor-Catering-Service-taxscanITAT-Income-Tax-Appellate-Tribunal-Ahmedabad-Ahmedabad-bench-Income-Tax-taxscan.jpg "Identity of Parties, Share Applicant, Vendor, Promoters and Genuineness of Transaction of Land is duly established: ITAT deletes addition of ₹3 Cr [Read Order]")
![ITAT rules Expenditures on Freebies to Doctors by Pharmaceutical Sector Violate MCI Regulations, Disallows Deductions under Section 37(1) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Expenditures-on-Freebies-Doctors-Pharmaceutical-Sector-Violate-MCI-Regulations-Disallows-Deductions-Income-Tax-Act-taxscan.jpg "ITAT rules Expenditures on Freebies to Doctors by Pharmaceutical Sector Violate MCI Regulations, Disallows Deductions under Section 37(1) of Income Tax Act [Read Order]")
ITAT Grants Deductions for Notice Pay, Scrap Sales and Miscellaneous Income u/s 80 IC of Income Tax Act [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) granted deductions for notice pay, scrap sales and miscellaneous income under Section 80 IC of the Income Tax Act, 1961 The...
![ITAT Grants Deductions for Notice Pay, Scrap Sales and Miscellaneous Income u/s 80 IC of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Deductions-for-Notice-Pay-Scrap-Sales-Miscellaneous-Income-of-Income-Tax-Act-taxscan.jpg "ITAT Grants Deductions for Notice Pay, Scrap Sales and Miscellaneous Income u/s 80 IC of Income Tax Act [Read Order]")
Labor Expenses Capitalised in Land value, No Deduction claimed in P & L Account: ITAT deletes Addition of 1.74 crore [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of 1.74 crore after finding that labor expenses capitalized in land value did not warrant deduction claimed in...
![Labor Expenses Capitalised in Land value, No Deduction claimed in P & L Account: ITAT deletes Addition of 1.74 crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Labor-Expenses-Capitalised-Land-value-No-Deduction-claimed-in-P-L-Account-ITAT-taxscan.jpg "Labor Expenses Capitalised in Land value, No Deduction claimed in P & L Account: ITAT deletes Addition of 1.74 crore [Read Order]")
Interest on Non-Recovery of Loans Falls within Purview of Business Activity only, Not Income from Other Sources: ITAT directs Re-adjudication [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) directed re-adjudication, ruling that interest on non-recovery of loans falls within the purview of business activity only and not...
![Interest on Non-Recovery of Loans Falls within Purview of Business Activity only, Not Income from Other Sources: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Ahmedabad-Income-Tax-Re-adjudication-taxscan.jpg "Interest on Non-Recovery of Loans Falls within Purview of Business Activity only, Not Income from Other Sources: ITAT directs Re-adjudication [Read Order]")
Taxpayer submits ITRs and Bank statements for Proving Genuineness of Unsecured Loan: ITAT deletes addition u/s 68 [Read Order]
After the taxpayer presented Income Tax Returns ( ITRs ) and bank statements to demonstrate the authenticity of the unsecured loan, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT )...
![Taxpayer submits ITRs and Bank statements for Proving Genuineness of Unsecured Loan: ITAT deletes addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Ahmedabad-ITR-Income-Tax-Income-Tax-Return-Loan-Unsecured-Loan-taxscan.jpg "Taxpayer submits ITRs and Bank statements for Proving Genuineness of Unsecured Loan: ITAT deletes addition u/s 68 [Read Order]")