![Failure to fulfill conditions u/s 44 AA of Income Tax Act: ITAT deletes penalty u/s 271 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Ahmedabad-Income-tax-Section-44AA-of-Income-Tax-Act-ITAT-penalty-deletion-TAXSCAN.jpg "Failure to fulfill conditions u/s 44 AA of Income Tax Act: ITAT deletes penalty u/s 271 of Income Tax Act [Read Order]")
Failure to fulfill conditions u/s 44 AA of Income Tax Act: ITAT deletes penalty u/s 271 of Income Tax Act [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty under Section 271 of Income Tax Act, 1961, due to the Assessing...
![TDS u/s 194 C Deduction on Common Maintenance Charges:Â ITAT Accepts Additional Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-delhi-Income-tax-Common-maintenance-charges-TDS-Maintenance-Charges-taxscan.jpg "TDS u/s 194 C Deduction on Common Maintenance Charges:Â ITAT Accepts Additional Evidence [Read Order]")
![Percentage of Ownership Absent in Sale Deed: ITAT upholds addition made on Self-Occupied House Property in hands of Husband [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Ownership-Absent-in-Sale-Deed-ITAT-Delhi-Sale-Deed-Self-Occupied-House-Property-taxscan.webp "Percentage of Ownership Absent in Sale Deed: ITAT upholds addition made on Self-Occupied House Property in hands of Husband [Read Order]")
Non-appearance before Appellate Authority is not Wanton Act: ITAT Allows TDS Liability u/S 201(1) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT) ruled that non-appearance before the appellate authority is not a wanton act and, consequently, allowed the Tax Deducted at Source ( TDS ) liability under...
![Non-appearance before Appellate Authority is not Wanton Act: ITAT Allows TDS Liability u/S 201(1) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Mumbai-TDS-liability-TDS-Income-Tax-Wanton-Act-Wanton-act-in-tax-cases-Appellate-authority-and-TDS-TAXSCAN.jpg "Non-appearance before Appellate Authority is not Wanton Act: ITAT Allows TDS Liability u/S 201(1) of Income Tax Act [Read Order]")
1190 Days Delay in Filing Appeal due to Medical Reason: ITAT Remands Escapement of Income Notice u/s 148 of Income Tax Act [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) remanded an Escapement of Income notice under section 148 of the Income Tax Act, 1961, due to an 1190-day delay in filing the appeal,...
![1190 Days Delay in Filing Appeal due to Medical Reason: ITAT Remands Escapement of Income Notice u/s 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-Act-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "1190 Days Delay in Filing Appeal due to Medical Reason: ITAT Remands Escapement of Income Notice u/s 148 of Income Tax Act [Read Order]")
Legal fiction created u/s 2 (22) (e) of Income Tax Act not to be extended further for broadening concept of shareholders: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that legal fiction created under Section 2 (22)(e) of Income Tax Act, 1961, not to be extended further for broadening concept of...
![Legal fiction created u/s 2 (22) (e) of Income Tax Act not to be extended further for broadening concept of shareholders: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Delhi-Income-tax-tax-news-taxscan.jpg "Legal fiction created u/s 2 (22) (e) of Income Tax Act not to be extended further for broadening concept of shareholders: ITAT [Read Order]")
Notice issued in stereotyped manner without applying mind is bad in law: ITAT deletes penalty u/S 271(1)(c) of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT) has nullified a penalty under Section 271(1)(c) of the Income Tax Act, 1961 stating that the Notice issued in a stereotyped manner without...
LTCG without indexing Cost of Acquisition is to be considered for computing Tax Liability u/s 115JB of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) observed that Long Term Capital Gain ( LTCG ) without indexing cost of acquisition is to be considered for computing tax liability under...
![LTCG without indexing Cost of Acquisition is to be considered for computing Tax Liability u/s 115JB of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Long-Term-Capital-Gain-ITAT-ITAT-Mumbai-Tax-liability-Income-Tax-Cost-of-Acquisition-LTCG-without-indexing-Cost-of-Acquisition-Computing-tax-liability-LTCG-TAXSCAN.jpg "LTCG without indexing Cost of Acquisition is to be considered for computing Tax Liability u/s 115JB of Income Tax Act: ITAT [Read Order]")
Loan payments made through bank transfers and not bearer Cheques: ITAT deletes penalty imposed u/s 271E of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has nullified the penalty imposed under section 271E of the Income Tax Act, 1961 citing that loan payments are executed through bank...
![Loan payments made through bank transfers and not bearer Cheques: ITAT deletes penalty imposed u/s 271E of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-Tax-new-ITAT-Delhi-Loan-payment-taxscan.jpg "Loan payments made through bank transfers and not bearer Cheques: ITAT deletes penalty imposed u/s 271E of Income Tax Act [Read Order]")
Order u/s 271AAC (1) of Income Tax Act: Kerala HC directs to Approach Appropriate Authority [Read Order]
The Kerala High Court directed to approach the appropriate authority in the matter concerning the passing of order under Section 271AAC (1) of the Income Tax Act, 1961. The writ petition has been...
![Order u/s 271AAC (1) of Income Tax Act: Kerala HC directs to Approach Appropriate Authority [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Kerala-High-Court-Income-Tax-Act-Income-Tax-TAXSCAN.jpg "Order u/s 271AAC (1) of Income Tax Act: Kerala HC directs to Approach Appropriate Authority [Read Order]")