![Mis-Declaration of Capital Loss as Business Loss does not lead to Concealments of Income, Penalty u/s 271(1)(c) not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/capital-loss-business-loss-concealments-of-income-Penalty-ITAT-taxscan.jpeg "Mis-Declaration of Capital Loss as Business Loss does not lead to Concealments of Income, Penalty u/s 271(1)(c) not sustainable: ITAT [Read Order]")
Mis-Declaration of Capital Loss as Business Loss does not lead to Concealments of Income, Penalty u/s 271(1)(c) not sustainable: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) consisting of Shri Pramod M Jagtap, vice president and Ms Madhumita Roy, Judicial member...
![Assessee has Right to get Adequate Time to file Reply to Notice: Delhi HC orders to Re-Open Portal to file Reply [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Assessee-Notice-Delhi-HC-Re-Open-Portal-taxscan.jpeg "Assessee has Right to get Adequate Time to file Reply to Notice: Delhi HC orders to Re-Open Portal to file Reply [Read Order]")
![Limited Scrutiny can be changed to Regular Assessment with Approval of Competent Authority: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Limited-Scrutiny-assessment-competent-authority-ITAT-Taxscan.jpg "Limited Scrutiny can be changed to Regular Assessment with Approval of Competent Authority: ITAT [Read Order]")
![Belated Payment of Employee Contribution to PF/ESI Deposited before due date for filing Return of Income is Deductible u/s 43B: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Payment-Employee-Contribution-PFESI-Deposited-Return-of-Income-ITA-taxscan.jpeg "Belated Payment of Employee Contribution to PF/ESI Deposited before due date for filing Return of Income is Deductible u/s 43B: ITAT [Read Order]")
![Penalty u/s 271 alone will Not Exist after Deletion of Addition on Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Penalty-Addition-Income-ITAT-taxscan.jpeg "Penalty u/s 271 alone will Not Exist after Deletion of Addition on Income: ITAT [Read Order]")
Appeals by Assessee as well as Revenue are not Maintainable unless Liquidator amend Form 36A during Winding up Proceedings: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) has held that appeals by the assessee as well as revenue are not maintainable unless liquidator amend form 36A during winding up...
![Appeals by Assessee as well as Revenue are not Maintainable unless Liquidator amend Form 36A during Winding up Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Appeals-Assessee-Revenue-Liquidator-amend-Winding-up-ITAT-taxscan.jpeg "Appeals by Assessee as well as Revenue are not Maintainable unless Liquidator amend Form 36A during Winding up Proceedings: ITAT [Read Order]")
ITAT quashes Reassessment Order based on invalid Re-Assessment Notice issued without Jurisdiction [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench consisting of Pradip Kumar Kedia, Accountant Member and Yogesh Kumar US, Judicial Member quashed reassessment order framed as result of invalid...
![ITAT quashes Reassessment Order based on invalid Re-Assessment Notice issued without Jurisdiction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/ITAT-invalid-re-assessment-Jurisdiction-taxscan.jpeg "ITAT quashes Reassessment Order based on invalid Re-Assessment Notice issued without Jurisdiction [Read Order]")
Refund of Service Tax paid after GST Introduction: Dept Rejects Claim in Violation of Binding Precedent of Madras HC [Read Order]
The Assistant Commissioner of GST has passed an order wherein a refund claim of the service tax paid after the introduction of the GST was denied to the assessee. Recently, the Madras High Court...
![Refund of Service Tax paid after GST Introduction: Dept Rejects Claim in Violation of Binding Precedent of Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Refund-Service-Tax-GST-Madras-High-Court-Department-Violation-Binding-Precedent-Taxscan.jpg "Refund of Service Tax paid after GST Introduction: Dept Rejects Claim in Violation of Binding Precedent of Madras HC [Read Order]")
![Period of Thirty days u/s 148A(b) can be extended by Application of Assessee: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Application-of-assessee-HC-Taxscan.jpeg "Period of Thirty days u/s 148A(b) can be extended by Application of Assessee: Delhi HC [Read Order]")
![Unabsorbed Depreciation can be set off against ‘Income from Other Sources’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Unabsorbed-depreciation-income-from-other-sources-ITAT-taxscan.jpg "Unabsorbed Depreciation can be set off against ‘Income from Other Sources’: ITAT [Read Order]")
No Proper Reason for Non-Appearance before Income Tax Authorities: ITAT imposes Cost of Rs. 10,000 on Assessee [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has imposed a cost of Rs. 10,000 on the assessee for not giving proper reasons for the non-appearance before the income tax authorities. ...
![No Proper Reason for Non-Appearance before Income Tax Authorities: ITAT imposes Cost of Rs. 10,000 on Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Non-Appearance-Income-Tax-Authorities-ITAT-Assessee-Income-tax-Taxscan.jpg "No Proper Reason for Non-Appearance before Income Tax Authorities: ITAT imposes Cost of Rs. 10,000 on Assessee [Read Order]")
Mere Technical Violation for which Assessee could not be Penalized by denying the Exemption: ITAT allows Exemption u/s 10(23B) [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) has held that mere technical violation for which assessee could not be penalized by denying exemption and allow exemption u/s 10(23B). The...
![Mere Technical Violation for which Assessee could not be Penalized by denying the Exemption: ITAT allows Exemption u/s 10(23B) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Technical-Violation-Assessee-Penalized-ITAT-Exemption-Taxscan.jpeg "Mere Technical Violation for which Assessee could not be Penalized by denying the Exemption: ITAT allows Exemption u/s 10(23B) [Read Order]")