![Credit of DDT paid denied on Technical Default: ITAT directs Revenue to correct Data uploaded in OLTAS Database and Grant Credit of DDT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-Revenue-Data-OLTAS-Database-Credit-DDT-taxscan.jpg "Credit of DDT paid denied on Technical Default: ITAT directs Revenue to correct Data uploaded in OLTAS Database and Grant Credit of DDT [Read Order]")
Credit of DDT paid denied on Technical Default: ITAT directs Revenue to correct Data uploaded in OLTAS Database and Grant Credit of DDT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Ahmedabad Bench has held that credit of Dividend Distribution Tax (DDT) paid denied on technical default...
![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]")
![ITAT deletes Revision order passed u/s 263 based on Presumption [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-Revision-order-taxscan.jpg "ITAT deletes Revision order passed u/s 263 based on Presumption [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]")
![Carbon Credit Income Exempted from Normal Income Tax Provisions and Book Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Carbon-Credit-Income-Income-Tax-Provisions-Book-Profit-ITAT-taxscan.jpg "Carbon Credit Income Exempted from Normal Income Tax Provisions and Book Profit: 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]")
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]")
'Money Laundering' Allegations are Very Serious, cannot be used when Assessee Explained Transactions: Calcutta HC [Read Order]
The Calcutta High Court, on Thursday delivered an assessee-friendly wherein the Court commented that the allegations of money laundering are very serious allegations and the effect of a case of money...
Capital Gain Exemption u/s 54 Not Available to Repayment of Loan Acquired for Second Property in Different Location: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT), while considering an appeal regarding claim of capital gain exemption under section 54 of the Income Tax Act, 1961 wherein the assessee...
![Capital Gain Exemption u/s 54 Not Available to Repayment of Loan Acquired for Second Property in Different Location: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Capital-Gain-Exemption-Repayment-of-Loan-Second-Property-Different-Location-ITAT-taxscan.jpeg "Capital Gain Exemption u/s 54 Not Available to Repayment of Loan Acquired for Second Property in Different Location: ITAT [Read Order]")
Failure to comply with Valuation as per Stamp Duty u/s 50C will not render Assessment 'Erroneous' If Sale was under SARFEASI Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench comprising N.K. Billaiya, Accountant Member, and Shri Yogesh Kumar, Judicial Memberhave observed thatan assessment order cannot be held as...
![Failure to comply with Valuation as per Stamp Duty u/s 50C will not render Assessment Erroneous If Sale was under SARFEASI Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Stamp-Duty-Assessment-SARFEASI-Act-ITAT-taxscan.jpeg "Failure to comply with Valuation as per Stamp Duty u/s 50C will not render Assessment Erroneous If Sale was under SARFEASI Act: ITAT [Read Order]")
Income Received under FPS introduced under Foreign Trade Policy 2004 are Capital Receipts, attracts Deduction u/s 80IC: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that income received under Focus Products Scheme (FPS) introduced under Foreign Trade Policy 2004 are capital receipts and attracts...
![Income Received under FPS introduced under Foreign Trade Policy 2004 are Capital Receipts, attracts Deduction u/s 80IC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-FPS-Foreign-Trade-Policy-Capital-Receipts-Deduction-ITAT-taxscan.jpg "Income Received under FPS introduced under Foreign Trade Policy 2004 are Capital Receipts, attracts Deduction u/s 80IC: ITAT [Read Order]")
Cash Deposit by Real Estate Agent is Sustainable as not Confirmed by Investor or Builder: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that cash deposit by a real estate agent is sustainable, not confirmed by an investor or builder. The appellant, Mayank Kumar Garg,...
![Cash Deposit by Real Estate Agent is Sustainable as not Confirmed by Investor or Builder: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cash-Deposit-Real-Estate-Agent-Investor-Builder-ITAT-taxscan.jpg "Cash Deposit by Real Estate Agent is Sustainable as not Confirmed by Investor or Builder: ITAT [Read Order]")