![Delay in filing of Appeal should fall under Reasonable Cause: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Delay-filing-Appeal-Reasonable-Cause-ITAT-TAXSCAN.jpg "Delay in filing of Appeal should fall under Reasonable Cause: ITAT [Read Order]")
Delay in filing of Appeal should fall under Reasonable Cause: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that the delay in filing of the appeal should come under the reasonable cause. ...
![Relief to Tata Steel: ITAT deletes Transfer Pricing Adjustment w.r.t. Power availed through Indian Energy Exchange [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Indian-Energy-Exchange-Income-Tax-Appellate-Tribunal-Transfer-Pricing-Power-availed-Income-Tax-ITAT-News-Tax-News-Tata-Steel-Ltd-TAXSCAN.jpg "Relief to Tata Steel: ITAT deletes Transfer Pricing Adjustment w.r.t. Power availed through Indian Energy Exchange [Read Order]")
![Reference to TPO for TP adjustment towards SDT Under Section 92BA(i) of IT Act to be omitted as per Finance Act 2017: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/TPO-income-tax-Reference-to-TPO-for-TP-ITAT-taxscan.jpg "Reference to TPO for TP adjustment towards SDT Under Section 92BA(i) of IT Act to be omitted as per Finance Act 2017: ITAT [Read Order]")
Claim of setoff of Unabsorbed Depreciation carried forward from earlier year against Income from Capital Gains shall be permitted: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the claim of setoff of unabsorbed depreciation carried forward from earlier years against income from capital gains shall be...
![Claim of setoff of Unabsorbed Depreciation carried forward from earlier year against Income from Capital Gains shall be permitted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Depreciation-income-tax-news-Capital-Gains-shall-be-permitted-TAXSCAN.jpg "Claim of setoff of Unabsorbed Depreciation carried forward from earlier year against Income from Capital Gains shall be permitted: ITAT [Read Order]")
![Section 40(a)(ia) of Income Tax Act is Declaratory and Retrospective: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Delhi-HC-Income-Tax-Act-Income-Tax-Act-is-Declaratory-and-Retrospective-taxscan.jpg "Section 40(a)(ia) of Income Tax Act is Declaratory and Retrospective: Delhi HC [Read Order]")
Assessment Order can't be framed without issuing a Notice u/s 143(2) of Income Tax Act: Delhi HC [Read Order]
The Delhi High Court held that the assessment order cannot be framed without issuing a notice under Section 143(2) of the Income Tax Act, 1961. The appellant/revenue, concededly, had not issued a...
![Assessment Order cant be framed without issuing a Notice u/s 143(2) of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Assessment-Order-Delhi-High-Court-tax-news-taxscan.jpg "Assessment Order cant be framed without issuing a Notice u/s 143(2) of Income Tax Act: Delhi HC [Read Order]")
Subsidy received in form of VAT reimbursement from State Governments towards Industrialization shall be termed Capital Receipt: ITAT grants relief to Britannia Industries [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) while granting relief to Britannia Industries held that the subsidy received in the form of Value Added Tax (VAT) reimbursement from the...
![Subsidy received in form of VAT reimbursement from State Governments towards Industrialization shall be termed Capital Receipt: ITAT grants relief to Britannia Industries [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Britannia-Industries-Capital-Receipt-income-tax-Industrialization-taxscan.jpg "Subsidy received in form of VAT reimbursement from State Governments towards Industrialization shall be termed Capital Receipt: ITAT grants relief to Britannia Industries [Read Order]")
Proceeding Initiated u/s 148 for Incriminating material found against a person other than Searched Person is beyond Jurisdiction: ITAT [Read Order
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the proceedings initiated under Section 148 of the Income Tax Act, 1961 for the incriminating material found against a person...
Interest Expenditure claimed under head of Income from House property in Original ITR: ITAT allows deduction u/s 24 of Income Tax Act
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) allowed the deduction under Section 24 of the Income Tax Act, 1961 due to interest expenditure claimed under the head of income from house...
ITAT quashes levy of Penalty u/s 271(1)(c) of Income Tax Act on ground of Absence of Proper Opportunity of Hearing [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) quashed the levy of penalty under section 271(1)(c ) of the Income Tax Act,1961 on the grounds of absence of proper opportunity of...
![ITAT quashes levy of Penalty u/s 271(1)(c) of Income Tax Act on ground of Absence of Proper Opportunity of Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Penalty-Mumbai-bench-tax-news-Income-Tax-Act-taxscan.jpg "ITAT quashes levy of Penalty u/s 271(1)(c) of Income Tax Act on ground of Absence of Proper Opportunity of Hearing [Read Order]")