No Physical Notice issued before Ex-Parte Proceedings on Unexplained Investment: ITAT remands Matter to CIT(A) for Fresh Adjudication [Read Order]
The New Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has remanded the case to the Commissioner of Income Tax (Appeals) for a fresh...
![Negligence of Assessee throughout Assessment Proceedings: ITAT rejects Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-ITAT-ITAT-Raipur-Negligence-of-Assessment-Proceedings-TAXSCAN.jpeg "Negligence of Assessee throughout Assessment Proceedings: ITAT rejects Appeal [Read Order]")
![No Incriminating Material found during Search for Unabated AY: ITAT upholds Deletion of Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-upholds-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-Tax-Appeals-CITA-Assessment-Year-taxscan.webp "No Incriminating Material found during Search for Unabated AY: ITAT upholds Deletion of Additions [Read Order]")
![Interest Income from Fixed Deposits Can be Set Off against Property Maintenance Expenses: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Tax-Saver-Fixed-Deposit-Tax-Saver-Fixed-Deposit-Tax-Tax-Saving-Saving-Top-10-Tax-Saving-FDs-in-India-Taxscan.jpg "Interest Income from Fixed Deposits Can be Set Off against Property Maintenance Expenses: ITAT [Read Order]")
![Non-Appearance due to Income Tax Notice issued to Ex-Employee: ITAT sets aside Ex Parte Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Notice-ITAT-Ex-Parte-Order-TAXSCAN.webp "Non-Appearance due to Income Tax Notice issued to Ex-Employee: ITAT sets aside Ex Parte Order [Read Order]")
Title Defects u/s 50C(2) of Income Tax Act: ITAT upholds CIT(A) Decision to Refer LTCG Valuation to DVO [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner Of Income Tax (Appeals)[CIT(A)]'s decision to refer Long Term Capital Gain ( LTCG ) valuation to the Departmental...
![Title Defects u/s 50C(2) of Income Tax Act: ITAT upholds CIT(A) Decision to Refer LTCG Valuation to DVO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/income-Tax-Income-Tax-Act-LTCG-Capital-Gain-DVO-TAXSCAN.webp "Title Defects u/s 50C(2) of Income Tax Act: ITAT upholds CIT(A) Decision to Refer LTCG Valuation to DVO [Read Order]")
Restriction of Addition to Rs. 1.45 Crore Despite Shell Company Involvement: ITAT upholds CIT(A)'s Order [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) confirmed the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision to limit the addition to Rs. 1,45,10,000, acknowledging that...
![Restriction of Addition to Rs. 1.45 Crore Despite Shell Company Involvement: ITAT upholds CIT(A)s Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Ahmedabad-Income-Tax-Restriction-of-addition-Fake-company-taxscan.jpg "Restriction of Addition to Rs. 1.45 Crore Despite Shell Company Involvement: ITAT upholds CIT(A)s Order [Read Order]")
![No Material Found during Search: ITAT deletes Addition made by AO u/s 41(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-Appellate-Tribunal-ITAT-in-bangalore-AO-Assessing-Officer-Section-411-ITAT-deletes-Addition-TAXSCAN.jpg "No Material Found during Search: ITAT deletes Addition made by AO u/s 41(1) [Read Order]")
Hardship allowances Received From Housing Developers to Compensate Dispossession are Non Taxable: ITAT [Read Order]
Recently in a case, the Income Tax Appellate Tribunal (ITAT) of Mumbai held that hardship and rehabilitation allowances received from housing developers as compensation for the hardship endured due...
![Hardship allowances Received From Housing Developers to Compensate Dispossession are Non Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-Hardship-Allowances-Non-Taxable-Compensate-Dispossession-ITAT-News-taxscan.jpg "Hardship allowances Received From Housing Developers to Compensate Dispossession are Non Taxable: ITAT [Read Order]")
No Penalty after Completion of Scrutiny Assessment u/s 143(3) of IT Act, when necessary Evidence is Furnished: ITAT [Read Order]
The Delhi High Court directed for the deletion of the penalty imposed by the Assessment Unit ( AO ) and set aside the order of the Commissioner of Income Tax (Appeals), even after the petitioner has...
![No Penalty after Completion of Scrutiny Assessment u/s 143(3) of IT Act, when necessary Evidence is Furnished: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Scrutiny-Assessment-Delhi-High-Court-ITAT-penalty-TAXSCAN.jpg "No Penalty after Completion of Scrutiny Assessment u/s 143(3) of IT Act, when necessary Evidence is Furnished: ITAT [Read Order]")
Consolidated Penalty u/s 271D and 271E of Income Tax Act not leviable without Specifying Individual Cash Transactions: ITAT [Read Order]
In a recent case, the Cochin Bench of Income Tax Appellate Tribunal (ITAT) held that the consolidated penalty under section 271D and 271E of Income Tax Act (ITA) cannot be levied without specifying...
![Consolidated Penalty u/s 271D and 271E of Income Tax Act not leviable without Specifying Individual Cash Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Cochin-ITAT-Income-Tax-individual-cash-transactions-Cash-Transactions-Penalty-Consolidated-Penalty-taxscan.webp "Consolidated Penalty u/s 271D and 271E of Income Tax Act not leviable without Specifying Individual Cash Transactions: ITAT [Read Order]")
Addition u/s 68 of Income Tax Act Unjustified Due to Incorrect Tax Neutrality: ITAT Sets Aside CIT(A) Order [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the Commissioner Of Income Tax(Appeals)[ CIT(A)] order, observing that the reopening of assessment was based on incorrect facts...
![Addition u/s 68 of Income Tax Act Unjustified Due to Incorrect Tax Neutrality: ITAT Sets Aside CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-ITAT-Income-Tax-Commissioner-Tax-Neutrality-TAXSCAN-1.jpg "Addition u/s 68 of Income Tax Act Unjustified Due to Incorrect Tax Neutrality: ITAT Sets Aside CIT(A) Order [Read Order]")