![No Addition can be made on Estimated basis, without rejecting Books of Account of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Books-of-Account-Assessee-ITAT-taxscan.jpeg "No Addition can be made on Estimated basis, without rejecting Books of Account of Assessee: ITAT [Read Order]")
No Addition can be made on Estimated basis, without rejecting Books of Account of Assessee: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench consisting of Waseem Ahmed, Accountant Member and Siddhartha Nautiyal, Judicial Member held...
![ITAT refuses to Condone Delay of 789 Days due to Negligent, Casual, and Non-Compliant Behaviour of Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Condone-Delay-Assessee-Taxscan.jpeg "ITAT refuses to Condone Delay of 789 Days due to Negligent, Casual, and Non-Compliant Behaviour of Assessee [Read Order]")
![Business of Infrastructure Development comes under the definition of Developer, Deduction u/s 80IA (4) is claimable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Business-infrastructure-development-developer-deduction-ITAT-taxscan.jpg "Business of Infrastructure Development comes under the definition of Developer, Deduction u/s 80IA (4) is claimable: ITAT [Read Order]")
![No Addition towards Anonymous Deduction If Identity of Donors is established: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/donors-money-donations-ITAT-taxscan.jpeg "No Addition towards Anonymous Deduction If Identity of Donors is established: ITAT [Read Order]")
![Reassessment proceeding cannot be challenged If Assessee suppressed material facts by not filing Income Tax Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Reassessment-proceeding-assessee-return-of-income-ITAT-taxscan.jpeg "Reassessment proceeding cannot be challenged If Assessee suppressed material facts by not filing Income Tax Return: ITAT [Read Order]")
Pledging of Shares of Clients with Banks for obtaining Bank Finance and for depositing margin money not violation of regulation of SEBI: ITAT deletes Addition against Share Broker [Read Order]
Income Tax Appellate Tribunal (ITAT), New Delhi deleted addition against share broker as pledging of shares of clients with banks for obtaining bank finance and for depositing margin money not...
![Pledging of Shares of Clients with Banks for obtaining Bank Finance and for depositing margin money not violation of regulation of SEBI: ITAT deletes Addition against Share Broker [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/shares-banks-bank-finance-margin-money-SEBI-ITAT-Share-Broker-taxscan.jpeg "Pledging of Shares of Clients with Banks for obtaining Bank Finance and for depositing margin money not violation of regulation of SEBI: ITAT deletes Addition against Share Broker [Read Order]")
ITAT imposes Cost of Rs. 5,000 for Non-Compliance of Notice received through Income Tax Business Application [Read Order]
The Cuttack bench of the Income Tax Appellate Tribunal (ITAT) has imposed a cost of Rs. 5,000 on the assessee for non-compliance of the notice received through the Income Tax Business Application...
![ITAT imposes Cost of Rs. 5,000 for Non-Compliance of Notice received through Income Tax Business Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Non-Compliance-of-Notice-Income-Tax-Business-Application-taxscan.jpg "ITAT imposes Cost of Rs. 5,000 for Non-Compliance of Notice received through Income Tax Business Application [Read Order]")
Re-Assessment Proceedings against Amalgamated Company: Delhi HC refuses to Quash Proceedings [Read Order]
In a recent ruling, a division bench of the Delhi High Court has refused to quash the re-assessment proceedings against an amalgamated company and asked the latter to co-operate with the proceedings....
![Re-Assessment Proceedings against Amalgamated Company: Delhi HC refuses to Quash Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Re-Assessment-Amalgamated-Company-Delhi-HC-taxscan.jpeg "Re-Assessment Proceedings against Amalgamated Company: Delhi HC refuses to Quash Proceedings [Read Order]")
Bonafide Non-compliance with Audit Requirement u/s 44AB is Excusable: ITAT deletes the penalty [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT), while deleting a penalty order, has held that non-compliance with S.44AB of the Income Tax Act, 1961 can be excusable if it was committed...
![Bonafide Non-compliance with Audit Requirement u/s 44AB is Excusable: ITAT deletes the penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/dishonest-intention-ITAT-penalty-taxscan.jpg "Bonafide Non-compliance with Audit Requirement u/s 44AB is Excusable: ITAT deletes the penalty [Read Order]")
![Assessee duly complied with Notices Issued: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Assessee-Notices-ITAT-Penalty-Taxscan.jpeg "Assessee duly complied with Notices Issued: ITAT deletes Penalty [Read Order]")
Central Excise Dues cannot be recovered from Property Owner of Leased Property used by Assessee: CESTAT [Read Order]
The Central Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad bench has held that the central excise dues cannot be recovered from the owner of the property which was leased out to the...
![Central Excise Dues cannot be recovered from Property Owner of Leased Property used by Assessee: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Central-Excise-Property-Leased-Property-Assessee-CESTAT-taxscan.jpeg "Central Excise Dues cannot be recovered from Property Owner of Leased Property used by Assessee: CESTAT [Read Order]")
![Insulated Glass is classifiable as Plain Glass-Panes, attracts 10% VAT: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Insulated-Glass-Plain-Glass-Panes-VAT-Allahabad-HC-taxscan.jpeg "Insulated Glass is classifiable as Plain Glass-Panes, attracts 10% VAT: Allahabad HC [Read Order]")