![Completion of Audit and Furnishing of Tax Audit Report before Conclusion of Assessment Proceedings: ITAT Deletes Penalty u/s 271B [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Completion-of-Audit-Audit-Furnishing-of-Tax-Audit-Report-Tax-Audit-Report-Assessment-Proceedings-ITAT-Penalty-Taxscan.jpg "Completion of Audit and Furnishing of Tax Audit Report before Conclusion of Assessment Proceedings: ITAT Deletes Penalty u/s 271B [Read Order]")
Completion of Audit and Furnishing of Tax Audit Report before Conclusion of Assessment Proceedings: ITAT Deletes Penalty u/s 271B [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT )has deleted the penalty under Section 271B of the Income Tax Act 1961 as the completion of...
![Cash Gift of Rs. 39 Lakh from Husband during Assessment Proceedings was Mere Afterthought after Search: ITAT Upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Cash-Gift-of-Husband-during-Assessment-Proceedings-was-Mere-Afterthought-after-Search-ITAT-Upholds-Addition-TAXSCAN.jpg "Cash Gift of Rs. 39 Lakh from Husband during Assessment Proceedings was Mere Afterthought after Search: ITAT Upholds Addition [Read Order]")
![ITAT upholds Revision Order on failure of AO to conduct Verification during Assessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Revision-Order-AO-Verification-Assessment-Proceedings-TAXSCAN.jpg "ITAT upholds Revision Order on failure of AO to conduct Verification during Assessment Proceedings [Read Order]")
![Expenditure on Technical Know-How Fees is Revenue Expenditure: ITAT deletes Disallowance made by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Technical-know-how-fees-revenue-expenditure-ITAT-disallowance-AO-Taxscan.jpeg "Expenditure on Technical Know-How Fees is Revenue Expenditure: ITAT deletes Disallowance made by AO [Read Order]")
Negligent and Casual Approach during Income Tax Assessment Proceedings: ITAT imposes Cost of Rs. 5000 on Assessee [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has imposed a cost of Rs. 5000 on the assessee considering the negligent and causal approach during the assessment proceedings under the...
![Negligent and Casual Approach during Income Tax Assessment Proceedings: ITAT imposes Cost of Rs. 5000 on Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Negligent-Casual-Approach-Income-Tax-Assessment-Proceedings-ITAT-Assessee-Taxscan.jpg "Negligent and Casual Approach during Income Tax Assessment Proceedings: ITAT imposes Cost of Rs. 5000 on Assessee [Read Order]")
Unregistered Document has No Evidentiary Value: ITAT upholds Denial of Capital Gain Exemption u/s 54 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat Bench has upheld the denial of capital gain exemption under section 54 by holding that an unregistered document has no evidentiary value. The...
![Unregistered Document has No Evidentiary Value: ITAT upholds Denial of Capital Gain Exemption u/s 54 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Capital-Gain-Exemption-taxscan.jpeg "Unregistered Document has No Evidentiary Value: ITAT upholds Denial of Capital Gain Exemption u/s 54 [Read Order]")
Examination of Nature of Work and Income necessary for granting Deduction for Housing projects u/s801B (10): ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Pune held that examination of nature of work and income necessary for granting deduction for housing projects u/s801B (10). The assessee, Ravindra Champalal...
![Examination of Nature of Work and Income necessary for granting Deduction for Housing projects u/s801B (10): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/income-deduction-housing-projects-ITAT-taxscan.jpeg "Examination of Nature of Work and Income necessary for granting Deduction for Housing projects u/s801B (10): ITAT [Read Order]")
![Bombay HC upholds Validity of Provision mandating Pre-Deposit on Customs Appeals [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Bombay-HC-Provision-mandating-Pre-Deposit-Customs-Appeals-taxscan.jpeg "Bombay HC upholds Validity of Provision mandating Pre-Deposit on Customs Appeals [Read Order]")
Transfer of Leasehold Rights: Special provision for full value of consideration u/s 50C applicable If Transfer of Building Involved, rules ITAT [Read Order]
The Pune Bench Income Tax Appellate Tribunal (ITAT) has ruled that the transfer of leasehold rights, the special provision for the full value of consideration under section 50C applicable if a...
![Transfer of Leasehold Rights: Special provision for full value of consideration u/s 50C applicable If Transfer of Building Involved, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Leasehold-Rights-Transfer-of-Building-ITAT-taxscan.jpg "Transfer of Leasehold Rights: Special provision for full value of consideration u/s 50C applicable If Transfer of Building Involved, rules ITAT [Read Order]")
Addition for Undisclosed Income u/s 69A cannot be made merely on ground of Typographical Errors: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench has held that addition for undisclosed income under section 69A cannot be made merely on grounds of typographical errors. The...
![Addition for Undisclosed Income u/s 69A cannot be made merely on ground of Typographical Errors: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Undisclosed-Income-Typographical-Errors-ITAT-taxscan.jpeg "Addition for Undisclosed Income u/s 69A cannot be made merely on ground of Typographical Errors: ITAT [Read Order]")
Deposit of Banned Notes received out of Cash Sales during Demonetization Period is Legally Valid: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Visakhapatnam bench has deleted an addition under section 69A of the Income Tax Act, 1961 by holding the deposit of banned notes received by the assessee...
![Deposit of Banned Notes received out of Cash Sales during Demonetization Period is Legally Valid: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Deposit-Cash-Sales-Demonetization-ITAT-Taxscan.jpg "Deposit of Banned Notes received out of Cash Sales during Demonetization Period is Legally Valid: ITAT deletes Addition [Read Order]")