![Non Filing Audit Report along with ITR is Procedural Omission: ITAT restores matter to allow Exemption u/s 11 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Ahmedabad-Section-11-of-Income-Tax-Act-Income-Tax-Act-Income-Tax-Returns-ITAT-restores-exemption-Taxscan.jpg "Non Filing Audit Report along with ITR is Procedural Omission: ITAT restores matter to allow Exemption u/s 11 of Income Tax Act [Read Order]")
Non Filing Audit Report along with ITR is Procedural Omission: ITAT restores matter to allow Exemption u/s 11 of Income Tax Act [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) restored matter to allow exemption under Section 11 of the Income Tax Act, 1961 and...
![Benefit of Accumulation of Income u/s 11(2) shall be allowed when Audit Report in Form 10 is filed along with ITR: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Income-Audit-Report-Benefit-of-Accumulation-of-Income-itr-Income-Tax-Returns-itat-mumbai-itat-taxscan.jpg "Benefit of Accumulation of Income u/s 11(2) shall be allowed when Audit Report in Form 10 is filed along with ITR: ITAT [Read Order]")
Penalty u/s 271 (1)(c) of Income Tax Act cannot be invoked in Absence of Material Establishing Concealing of Income: Gujarat HC [Read Order]
In a significant case, the Gujarat High Court has held that penalty under section 271 (1)(c) of the Income Tax Act, 1961 cannot be invoked in the absence of material establishing concealing of...
![Penalty u/s 271 (1)(c) of Income Tax Act cannot be invoked in Absence of Material Establishing Concealing of Income: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Penalty-Income-Tax-Act-Absence-Material-Establishing-Concealing-Income-Gujarat-HC-TAXSCAN.jpg "Penalty u/s 271 (1)(c) of Income Tax Act cannot be invoked in Absence of Material Establishing Concealing of Income: Gujarat HC [Read Order]")
Failure to produce Audit Report in Form No. 3CEB required u/s 92E of Income Tax Act due to opinion of CA of Assessee Company: ITAT deletes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune bench when deleting penalty imposed under Section 271AA of the Income Tax Act, 1961 held that the failure to produce the audit report by assessee in Form...
![Failure to produce Audit Report in Form No. 3CEB required u/s 92E of Income Tax Act due to opinion of CA of Assessee Company: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-Audit-Report-Income-Tax-Act-Assessee-Company-CA-ITAT-Penalty-taxscan.jpg "Failure to produce Audit Report in Form No. 3CEB required u/s 92E of Income Tax Act due to opinion of CA of Assessee Company: ITAT deletes Penalty [Read Order]")
No transfer pricing applicable to income from operation carried out through qualifying ships taxed under TTS: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that no transfer pricing applicable to income from operation carried out through qualifying ships taxed under Tonnage Tax Scheme(TTS). ...
![No transfer pricing applicable to income from operation carried out through qualifying ships taxed under TTS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-transfer-pricing-applicable-income-operation-carried-qualifying-ships-taxed-under-TTS-ITAT-TAXSCAN.jpg "No transfer pricing applicable to income from operation carried out through qualifying ships taxed under TTS: ITAT [Read Order]")
Income Tax Deduction U/S80P cannot be denied on ground of Delay in Submitting Audit Report by Govt Auditor: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) he that CIT(A) was unjustified in denying right to claim deduction under Section 80P of the Income Tax Act on grounds of Government...
![Income Tax Deduction U/S80P cannot be denied on ground of Delay in Submitting Audit Report by Govt Auditor: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-Tax-Deduction-Income-Tax-Deduction-Delay-Govt-Auditor-ITAT-taxscan.jpg "Income Tax Deduction U/S80P cannot be denied on ground of Delay in Submitting Audit Report by Govt Auditor: ITAT [Read Order]")
Denial of benefit u/s 11 of Income Tax Act on Late Filing of Audit Report in Form 10B: Kerala HC directs Income Tax Commissioner to decide Matter [Read Order]
The Kerala High Court directed the Income Tax Commissioner to decide the matter of denial of benefit under Section 11 of Income Tax Act, 1961 on late filing of the audit report in Form 10B. The...
![Denial of benefit u/s 11 of Income Tax Act on Late Filing of Audit Report in Form 10B: Kerala HC directs Income Tax Commissioner to decide Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Denial-benefit-Income-Tax-Act-Late-Filing-Audit-Report-Kerala-HC-Income-Tax-Commissioner-TAXSCAN.jpg "Denial of benefit u/s 11 of Income Tax Act on Late Filing of Audit Report in Form 10B: Kerala HC directs Income Tax Commissioner to decide Matter [Read Order]")