![No Addition can be made on Estimated basis, without rejecting Books of Account of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Books-of-Account-Assessee-ITAT-taxscan.jpeg "No Addition can be made on Estimated basis, without rejecting Books of Account of Assessee: ITAT [Read Order]")
No Addition can be made on Estimated basis, without rejecting Books of Account of Assessee: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench consisting of Waseem Ahmed, Accountant Member and Siddhartha Nautiyal, Judicial Member held...
![Non-Maintenance of Books of Account would not attract Penalty u/s 271B: ITAT grants Relief to Developer [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Books-of-Account-Penalty-ITAT-Developer-taxscan.jpeg "Non-Maintenance of Books of Account would not attract Penalty u/s 271B: ITAT grants Relief to Developer [Read Order]")
![Addition of Unexplained Income u/s 69 not sustainable in the presence of duly Audited Regular Books: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/unexplained-income-audited-regular-books-ITAT-books-Taxscan.jpeg "Addition of Unexplained Income u/s 69 not sustainable in the presence of duly Audited Regular Books: ITAT [Read Order]")
Rejection of Books of Account is a precondition for making reference to DVO: ITAT holds DVO report illegal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore held that, the report of the District Valuation Officer (DVO) was illegal on the ground that rejection of books of account is a precondition for...
![Rejection of Books of Account is a precondition for making reference to DVO: ITAT holds DVO report illegal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/books-of-account-DVO-ITAT-DVO-report-illegal-taxscan.jpeg "Rejection of Books of Account is a precondition for making reference to DVO: ITAT holds DVO report illegal [Read Order]")
![No Estimation of Gross Profit without Rejection of Books of Account u/s 145(3): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Gross-Profit-Books-of-Account-ITAT-Taxscan.jpeg "No Estimation of Gross Profit without Rejection of Books of Account u/s 145(3): ITAT [Read Order]")
Residential House Properties are shown as Stock in Trade in Books of Account: ITAT upholds allowing Deduction u/s 54F for Purchased New House Property [Read Order]
The Income Tax Appellate Tribunal, Jaipur Bench has upholds allowing deduction u/s 54F for purchased new house property since residential house properties are shown as stock in trade in books of...
![Residential House Properties are shown as Stock in Trade in Books of Account: ITAT upholds allowing Deduction u/s 54F for Purchased New House Property [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Residential-House-Properties-Stock-Books-of-Account-ITAT-Deduction-House-Property-taxscan.jpg "Residential House Properties are shown as Stock in Trade in Books of Account: ITAT upholds allowing Deduction u/s 54F for Purchased New House Property [Read Order]")
Registration u/s 12A can’t be denied without Proper Verification of Books of Account: ITAT [Read Order]
The Amritsar bench of the Income Tax Appellate Tribunal (ITAT) has held that registration u/s 12A can’t be denied without proper verification of books of account. The appellant is a society...
![Registration u/s 12A can’t be denied without Proper Verification of Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Registration-verification-books-of-account-ITAT-taxscan.jpg "Registration u/s 12A can’t be denied without Proper Verification of Books of Account: ITAT [Read Order]")
Rental Income cannot be assessed as ‘Other income’ merely on ground of Non-recording of Construction Expenses in Books of Account: ITAT Delhi [Read Order]
In Ms. Ramairen Properties Pvt Ltd v. ITO, the division bench of the Delhi ITAT ruled that non-recording of Construction expenses in books of account is not a ground for assessing rental income under...
![Rental Income cannot be assessed as ‘Other income’ merely on ground of Non-recording of Construction Expenses in Books of Account: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Rental-Income-Taxscan.jpg "Rental Income cannot be assessed as ‘Other income’ merely on ground of Non-recording of Construction Expenses in Books of Account: ITAT Delhi [Read Order]")