![Specific limb must be mentioned in the Notice of Penalty u/s 271: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/notice-penalty-ITAT-taxscan.jpg "Specific limb must be mentioned in the Notice of Penalty u/s 271: ITAT [Read Order]")
Specific limb must be mentioned in the Notice of Penalty u/s 271: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench comprising, Ms Suchitra Kamble, JM and Shri Waseem Ahmed, AM has held that a notice of...
![Retired Army Officer kept Cash to Meet Medical Emergencies: ITAT deletes Addition for Cash Deposit during Demonetization [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Cash-Medical-Emergencies-ITAT-Cash-Deposit-Demonetization-taxscan.jpg "Retired Army Officer kept Cash to Meet Medical Emergencies: ITAT deletes Addition for Cash Deposit during Demonetization [Read Order]")
![Mere existence of Addition on Income during Assessment Proceedings does not attract Income Tax Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Assessment-Proceeding-Income-Tax-Penalty-ITAT-taxscan.jpg "Mere existence of Addition on Income during Assessment Proceedings does not attract Income Tax Penalty: ITAT [Read Order]")
![‘Change of Opinion’ cannot be alleged If AO found Fresh Tangible Materials to re-Open Assessment: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/AO-found-Tangible-Materials-re-Open-Assessment-Delhi-HC-taxscan.jpeg "‘Change of Opinion’ cannot be alleged If AO found Fresh Tangible Materials to re-Open Assessment: Delhi HC [Read Order]")
![Disallowance is Calculated based on Average Value of Share, Exempt Income earned as per Rule 8D(2)(iii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Disallowance-average-value-share-exempt-income-ITAT-Taxscan.jpeg "Disallowance is Calculated based on Average Value of Share, Exempt Income earned as per Rule 8D(2)(iii): ITAT [Read Order]")
Penalty u/s 271 can’t be invoked in absence of relevant record on inaccurate particulars: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that penalty u/s 271 can’t be invoked in the absence of relevant records about the inaccurate particulars. The appellant is a...
![Penalty u/s 271 can’t be invoked in absence of relevant record on inaccurate particulars: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Penalty-relevant-record-inaccurate-particulars-ITAT-Taxscan.jpg "Penalty u/s 271 can’t be invoked in absence of relevant record on inaccurate particulars: ITAT [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]")
Appeal against Scrutiny Assessment pending Adjudication: ITAT quashes Revision proceedings Initiated by PCIT [Read Order]
The Cochin Bench of Income Tax Appellate Tribunal has held that appeal against scrutiny assessment pending adjudication and quashes revision proceedings initiated by Principle Commissioner of Income...
![Appeal against Scrutiny Assessment pending Adjudication: ITAT quashes Revision proceedings Initiated by PCIT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Appeal-Scrutiny-Assessment-Adjudication-ITAT-PCIT-taxscan.jpeg "Appeal against Scrutiny Assessment pending Adjudication: ITAT quashes Revision proceedings Initiated by PCIT [Read Order]")
Assessee failed to Deduct TDS u/s 194A: ITAT upholds Disallowance u/s 40(a)(ia) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Raipur bench consisting of Ravish Sood, Judicial Member and Rathod Kamlesh Jayantbhai, Accountant Member confirms the order of Assessing Officer (AO)...
![Assessee failed to Deduct TDS u/s 194A: ITAT upholds Disallowance u/s 40(a)(ia) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Assessee-deduct-tax-ITAT-Disallowance-Income-Tax-Act-Taxscan.jpeg "Assessee failed to Deduct TDS u/s 194A: ITAT upholds Disallowance u/s 40(a)(ia) of Income Tax Act [Read Order]")
![Interest-bearing Unsecured Loans are allowable as Income Tax Deduction u/s.57(iii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Interest-unsecured-loans-deduction-ITA-ITAT-taxscan.jpg "Interest-bearing Unsecured Loans are allowable as Income Tax Deduction u/s.57(iii): ITAT [Read Order]")
![Excess Share of Profit claimed cant be treated as ‘Income from Other Sources’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Excess-share-of-profit-Income-from-other-sources-ITAT-Taxscan.jpg "Excess Share of Profit claimed cant be treated as ‘Income from Other Sources’: ITAT [Read Order]")
No Addition u/s 153C can be made in Absence of any Incriminating Material for a Completed Assessment: ITAT [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal ( ITAT ) has held that no addition u/s 153Ccan be made in absence of any incriminating material for a completed assessment. A search and...
![No Addition u/s 153C can be made in Absence of any Incriminating Material for a Completed Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Addition-ncriminating-Material-Assessment-ITAT-taxscan.jpeg "No Addition u/s 153C can be made in Absence of any Incriminating Material for a Completed Assessment: ITAT [Read Order]")