![Parallel Assessments shall be made in respect of same Income on Different Person: ITAT deletes Addition made on protective basis [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Parallel-Assessments-Income-Different-ITAT-protective-basis-TAXSCAN.jpg "Parallel Assessments shall be made in respect of same Income on Different Person: ITAT deletes Addition made on protective basis [Read Order]")
Parallel Assessments shall be made in respect of same Income on Different Person: ITAT deletes Addition made on protective basis [Read Order]
The Ahmedabad Income Tax Appellate Tribunal (ITAT) ruled that parallel assessment should be made in respect of the same Income on different persons....
![ITAT Upholds Deletion of Addition made by CIT(A) on ground of Non Consideration of Previous Decision of Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Upholds-Deletion-of-Addition-made-by-CITA-on-ground-of-Non-Consideration-of-Previous-Decision-of-Assessment-TAXSCAN.jpg "ITAT Upholds Deletion of Addition made by CIT(A) on ground of Non Consideration of Previous Decision of Assessment [Read Order]")
![Notice Received via Email Despite Form No. 35 Request for Physical Service of Notice: ITAT sets aside Ex-Parte Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/EMAIL-NOTICES-ITAT-Notice-Received-via-Email-Despite-TAXSCAN.jpg "Notice Received via Email Despite Form No. 35 Request for Physical Service of Notice: ITAT sets aside Ex-Parte Order [Read Order]")
![Difference in Income Declaration by Assessee and AO does not Amount to Furnishing Inaccurate Particulars: ITAT deletes Penalty u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Difference-in-Income-Declaration-by-Assessee-and-AO-Amount-to-Furnishing-Inaccurate-Particulars-ITAT-deletes-Penalty-TAXSCAN.jpg "Difference in Income Declaration by Assessee and AO does not Amount to Furnishing Inaccurate Particulars: ITAT deletes Penalty u/s 271(1)(c) [Read Order]")
Income Earned by NRI outside India Exempted even if Paid into NRE Account in India: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the income earned by a Non-Resident Indian outside India is exempted from tax even if the same was paid into the Non-Resident...
![Income Earned by NRI outside India Exempted even if Paid into NRE Account in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/NRE-Account-in-India-Income-Income-Earned-by-NRI-outside-India-NRI-outside-India-Income-Earned-by-NRI-India-Exempted-Paid-into-NRE-Account-in-India-NRE-ITAT-Income-Tax-taxscan.jpg "Income Earned by NRI outside India Exempted even if Paid into NRE Account in India: ITAT [Read Order]")
Payment of Interest made Towards “compromise agreement” pursuant to Court order Allowable u/s 37: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the payment of interest made towards compromise agreement pursuant to court order would be allowable under Section 37 of the...
![Payment of Interest made Towards “compromise agreement” pursuant to Court order Allowable u/s 37: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Payment-of-Interest-compromise-agreement-ITAT-TAXSCAN.jpg "Payment of Interest made Towards “compromise agreement” pursuant to Court order Allowable u/s 37: ITAT [Read Order]")
Allowing S. 54B Deduction without Verification of Claim amounts to “Erroneous Assessment”: ITAT upholds Revision Order [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) in a recent ruling has upheld the revision order observing that allowing deduction under section 54B without verification of...
![Allowing S. 54B Deduction without Verification of Claim amounts to “Erroneous Assessment”: ITAT upholds Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Deduction-Verification-Claim-Erroneous-Assessment-ITAT-Revision-Order-TAXSCAN.jpg "Allowing S. 54B Deduction without Verification of Claim amounts to “Erroneous Assessment”: ITAT upholds Revision Order [Read Order]")
Receipt from Fortis Mutual Fund being Investment made from NRE Account of Non-Resident Indian Not Taxable in India: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) recently held that receipt from fortis mutual fund being investment made from Non Resident External account of Non –Resident Indian not taxable in India. ...
![Receipt from Fortis Mutual Fund being Investment made from NRE Account of Non-Resident Indian Not Taxable in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Receipt-Mutual-FundInvestment-NRE-Non-Resident-Taxable-ITAT-TAXSCAN.jpg "Receipt from Fortis Mutual Fund being Investment made from NRE Account of Non-Resident Indian Not Taxable in India: ITAT [Read Order]")
![Downfall in Gross Profit Ratio cannot be Sole basis for Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Downfall-in-Gross-Profit-Ratio-Sole-Addition-ITAT-TAXSCAN.jpg "Downfall in Gross Profit Ratio cannot be Sole basis for Addition: ITAT [Read Order]")
Secret Commission paid to Middlemen in Cheque Discounting Business Eligible for 50% Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the secret commission paid to the middlemen in cheque discounting business shall be eligible for income tax deduction under the...
![Secret Commission paid to Middlemen in Cheque Discounting Business Eligible for 50% Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Commission-Cheque-Discounting-Business-Eligible-Deduction-ITAT-TAXSCAN.jpg "Secret Commission paid to Middlemen in Cheque Discounting Business Eligible for 50% Deduction: ITAT [Read Order]")