![Account of inadvertent mistake or ignorance included in income any amount is exempt from Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Mumbai-Income-Tax-Act-Income-Tax-ITAT-ruling-on-income-tax-exemption-Ignorance-in-income-tax-filing-Taxscan.jpg "Account of inadvertent mistake or ignorance included in income any amount is exempt from Income Tax Act: ITAT [Read Order]")
Account of inadvertent mistake or ignorance included in income any amount is exempt from Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) observed that Account of inadvertent mistake or ignorance included in income any...
![Payment from Sale of Shares Deposited in Bank Account: ITAT rules No Reason to add Capital Gains Unexplained Cash Credit u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Payment-Sale-of-Shares-Deposited-Bank-Account-ITAT-Capital-Gains-Unexplained-Cash-Credit-Income-Tax-Act-TAXSCAN.jpg "Payment from Sale of Shares Deposited in Bank Account: ITAT rules No Reason to add Capital Gains Unexplained Cash Credit u/s 68 of Income Tax Act [Read Order]")
![Surplus on Redemption of Treasury bill is to be taxed under Capital Gains: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Treasury-bill-redemption-tax-Income-Tax-ITAT-Mumbai-Capital-gain-Surplus-taxation-on-Treasury-bill-taxscan.jpg "Surplus on Redemption of Treasury bill is to be taxed under Capital Gains: ITAT [Read Order]")
Capital Gain u/s 47(xiii) can't be attracted on Failure to prove Existence of Firm and its Succession with Company: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) held that the capital gain under Section 47(xiii) of the Income Tax Act, 1961 cannot be attracted on the failure to prove the existence...
![Capital Gain u/s 47(xiii) cant be attracted on Failure to prove Existence of Firm and its Succession with Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Capital-Gain-Failure-to-prove-Existence-of-Firm-and-its-Succession-with-Company-ITAT-TAXSCAN.jpg "Capital Gain u/s 47(xiii) cant be attracted on Failure to prove Existence of Firm and its Succession with Company: ITAT [Read Order]")
ITAT remands matter of Moraj Group Director Priya Gurnani to AO for examination on alleged entry provider used to accommodate capital gains and unsecured loans [Read Order]
In a significant move, the Income Tax Appellate Tribunal (ITAT), Mumbai Bench has remanded the matter of Priya Gurnani, Co-Founder of Moraj Group for fresh examination of the entry provider allegedly...
![ITAT remands matter of Moraj Group Director Priya Gurnani to AO for examination on alleged entry provider used to accommodate capital gains and unsecured loans [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Moraj-Group-ITAT-Capital-Gain-Unsecured-Loan-Moraj-Group-Director-Priya-Gurnani-Alleged-Entry-Provider-AO-TAXSCAN.jpg "ITAT remands matter of Moraj Group Director Priya Gurnani to AO for examination on alleged entry provider used to accommodate capital gains and unsecured loans [Read Order]")
Reassessment Proceedings Alleging Escapement of Income on transfer of Leasehold Right: Bombay HC sets aside Order as tax already paid [Read Order]
The Bombay High Court set aside the reassessment proceedings alleging escapement of income on the transfer of leasehold rights. Peoples Education Society Thane, the petitioner is a charitable...
Notice for Reopening Assessment in respect of issue of Capital Gain issued in name of Deceased Person: ITAT directs re-adjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, while directing the reassessment of the assessee's case, held that the notice for reopening the assessment regarding the issue of capital gains...
![Notice for Reopening Assessment in respect of issue of Capital Gain issued in name of Deceased Person: ITAT directs re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Notice-Reopening-Assessment-Capital-Gain-Notice-for-Reopening-Assessment-in-respect-of-issue-of-Capital-Gain-Deceased-Person-ITAT-taxscan.jpg "Notice for Reopening Assessment in respect of issue of Capital Gain issued in name of Deceased Person: ITAT directs re-adjudication [Read Order]")
Income from sale of shares/securities/PMS/mutual funds taxable under head “Capital Gains”: ITAT grants relief to Hero Investment [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, while granting relief to Hero Investment Pvt. Ltd., held that the income from the sale of shares, securities, PMS, and mutual funds is taxable...
![Income from sale of shares/securities/PMS/mutual funds taxable under head “Capital Gains”: ITAT grants relief to Hero Investment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Income-from-sale-of-shares-securities-PMS-mutual-funds-taxable-Capital-Gains-ITAT-grants-Hero-Investment-TAXSCAN.jpg "Income from sale of shares/securities/PMS/mutual funds taxable under head “Capital Gains”: ITAT grants relief to Hero Investment [Read Order]")
![Disallowance u/s 14A of Income Tax Act cannot exceed Exempt Income : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Disallowance-Income-Tax-Act-Income-Tax-Income-ITAT-taxscan.jpg "Disallowance u/s 14A of Income Tax Act cannot exceed Exempt Income : ITAT [Read Order]")