![ITAT sets aside Disallowance by AO of set off for treating Share Trading as Short Term Capital Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-disallowance-AO-share-trading-short-term-capital-loss-taxscan.jpg "ITAT sets aside Disallowance by AO of set off for treating Share Trading as Short Term Capital Loss [Read Order]")
ITAT sets aside Disallowance by AO of set off for treating Share Trading as Short Term Capital Loss [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench consisting of Pramod Kumar, Vice President and Siddhartha Nautiyal, Judicial Member held...
![Additional Purchase Price fixed for Sugarcane under clause 5A of Control Order not allowed as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/purchase-price-sugarcane-deduction-ITAT-taxscan.jpeg "Additional Purchase Price fixed for Sugarcane under clause 5A of Control Order not allowed as Deduction: ITAT [Read Order]")
![Assessee’s Right to file Objection was Deprived Of: Calcutta HC quashes Income Tax Order u/s 148A(d) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Assessee-Right-to-file-Calcutta-HC-Income-Tax-Order-Taxscan.jpeg "Assessee’s Right to file Objection was Deprived Of: Calcutta HC quashes Income Tax Order u/s 148A(d) [Read Order]")
![If Assessment Order passed under Section 153A held to be void ab initio Penalty does not survive: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/assessment-void-ab-initio-penalty-survive-ITAT-taxscan.jpeg "If Assessment Order passed under Section 153A held to be void ab initio Penalty does not survive: ITAT [Read Order]")
![Relief to Indian Red Cross: ITAT sets aside Addition by AO during re-assessment proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Indian-Red-Cross-ITAT-AO-re-assessment-taxscan.jpeg "Relief to Indian Red Cross: ITAT sets aside Addition by AO during re-assessment proceedings [Read Order]")
![ITAT imposes Cost of Rs. 5,000 for Negligent Attitude during Income Tax proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-Negligent-Attitude-Income-Tax-proceedings-taxscan.jpeg "ITAT imposes Cost of Rs. 5,000 for Negligent Attitude during Income Tax proceedings [Read Order]")
Gift from Mother: ITAT deletes Penalty since AO does not examine the Veracity of Affidavit filed by Assessee's Mother [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench consisting of Suchitra Kamble, Judicial Member, and Waseem Ahmed, Accountant Member held that details in return of income which are not...
![Gift from Mother: ITAT deletes Penalty since AO does not examine the Veracity of Affidavit filed by Assessees Mother [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Gift-Mother-ITAT-Penalty-AO-Assessees-Mother-taxscan.jpg "Gift from Mother: ITAT deletes Penalty since AO does not examine the Veracity of Affidavit filed by Assessees Mother [Read Order]")
![Income Tax collected through Vivad Se Viswas Scheme, Penalty cannot Sustain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-Vivad-Se-Viswas-Scheme-Penalty-ITAT-taxscan.jpg "Income Tax collected through Vivad Se Viswas Scheme, Penalty cannot Sustain: ITAT [Read Order]")
Affidavit filed by Assessee is vague and non-descript has no Evidentiary Value: ITAT upholds Addition of LTCG: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Delhi bench consisting of Saktijit Dey, Judicial Member and Pradip Kumar Kedia, Accountant Member upholds addition of Long Term Capital Gain (LTCG) on the ground...
![Affidavit filed by Assessee is vague and non-descript has no Evidentiary Value: ITAT upholds Addition of LTCG: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Affidavit-Assessee-Evidentiary-Value-ITAT-LTCG-ITAT-taxscan.jpeg "Affidavit filed by Assessee is vague and non-descript has no Evidentiary Value: ITAT upholds Addition of LTCG: ITAT [Read Order]")
Off-Shore Distribution Income is not Taxable from the hands of Non-Resident who did not carry out business in India: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench consisting of Pramod Kumar, Vice President, and Sandeep Singh Karhail, Judicial Member held that Off-Shore Distribution Income is not Taxable...
![Off-Shore Distribution Income is not Taxable from the hands of Non-Resident who did not carry out business in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Off-Shore-Distribution-Income-Taxable-Non-Resident-business-in-India-ITAT-taxscan.jpeg "Off-Shore Distribution Income is not Taxable from the hands of Non-Resident who did not carry out business in India: ITAT [Read Order]")
Goods Transport Business cannot Prove veracity of Expenses with Documents: ITAT deletes Disallowance [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has deleted disallowance and holds that in goods transport business it is not always possible to show veracity of expenses completely. ...
![Goods Transport Business cannot Prove veracity of Expenses with Documents: ITAT deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-disallowance-goods-transport-business-veracity-of-expenses-Taxscan.jpeg "Goods Transport Business cannot Prove veracity of Expenses with Documents: ITAT deletes Disallowance [Read Order]")
Penalty u/s 271 will not sustain when AO failed to specify the inaccurate particulars of income found: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) has held that penalty u/s 271 will not sustain when AO failed to specify inaccurate particulars of income found. The appellant...
![Penalty u/s 271 will not sustain when AO failed to specify the inaccurate particulars of income found: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Penalty-AO-income-ITAT-taxscan.jpeg "Penalty u/s 271 will not sustain when AO failed to specify the inaccurate particulars of income found: ITAT [Read Order]")