![Partnership Firm not liable to Explain Source of Capital Introduced by Partners: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Partnership-Firm-Source-of-Capital-capital-Partners-ITAT-firm-Taxscan.jpg "Partnership Firm not liable to Explain Source of Capital Introduced by Partners: ITAT [Read Order]")
Partnership Firm not liable to Explain Source of Capital Introduced by Partners: ITAT [Read Order]
The Delhi bench of the ITAT, on Friday held that the partnership firm would not be liable to explain the source of capital introduced by the partners...
![Assessing Officer doesn’t have Jurisdiction to Travel Beyond Issues found during Scrutiny Assessment: ITAT quashes Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/AO-Jurisdiction-Travel-Scrutiny-Assessment-ITAT-taxscan.jpeg "Assessing Officer doesn’t have Jurisdiction to Travel Beyond Issues found during Scrutiny Assessment: ITAT quashes Revisional Order [Read Order]")
![Verification Process of Income Tax benefit claims by Trusts, Societies begins when the ITR are filed: Govt [Read Lok Sabha Answer]](https://www.taxscan.in/wp-content/uploads/2022/02/Verification-Process-verification-Income-Tax-benefit-Income-Tax-Trusts-Societies-ITR-Filed-Government-Taxscan.jpg "Verification Process of Income Tax benefit claims by Trusts, Societies begins when the ITR are filed: Govt [Read Lok Sabha Answer]")
![ITAT upholds CIT(A)’s Order on Charging the difference of Profit on Gross Turnover for the year as Income from Other Sources [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/ITAT-CITA-CITAs-Order-Charging-Difference-of-the-Profit-Gross-turnover-Year-Income-from-Other-Sources-Taxscan.jpeg "ITAT upholds CIT(A)’s Order on Charging the difference of Profit on Gross Turnover for the year as Income from Other Sources [Read Order]")
![Revisionary Jurisdiction can be invoked in a very Gross case of inadequacy in Inquiry by Assessing Officer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Revisionary-Jurisdication-Gross-case-Inadequacy-Inquiry-Assessing-Officer-ITAT-Taxscan.jpg "Revisionary Jurisdiction can be invoked in a very Gross case of inadequacy in Inquiry by Assessing Officer: ITAT [Read Order]")
Jharkhand HC refuses to discharge Principal Commissioner of Income Tax for alleged Corruption and Recovery of Cash worth Rs. 3.715 cr [Read Order]
The Jharkhand High Court refused to discharge the PCIT for alleged Corruption and recovery of cash worth Rs. 3.715 crore. As per the prosecution, during search on 12.07.2017, at the residence of...
![Jharkhand HC refuses to discharge Principal Commissioner of Income Tax for alleged Corruption and Recovery of Cash worth Rs. 3.715 cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Jharkhand-HC-Discgarge-PCIT-Corruption-Recovery-Cash-Taxscan.jpg "Jharkhand HC refuses to discharge Principal Commissioner of Income Tax for alleged Corruption and Recovery of Cash worth Rs. 3.715 cr [Read Order]")
Income Tax Department finalises ITBA Assessment Module for Selection of Scrutiny cases under CASS [Read Circular]
The Income Tax Department finalized the Income Tax Business Application (ITBA) Assessment Module for Selection of Scrutiny cases under Computer Assisted Scrutiny Selection (CASS). The CASS 2020...
![Income Tax Department finalises ITBA Assessment Module for Selection of Scrutiny cases under CASS [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/05/Income-Tax-Dept-ITBA-Assessment-Module-Scrutiny-cases-CASS-Taxscan.jpg "Income Tax Department finalises ITBA Assessment Module for Selection of Scrutiny cases under CASS [Read Circular]")
Scraps generated in normal course of Business must be treated as part of Business Income: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) recently held that the scraps generated in the normal course of business must be treated as part of business income under the Income...
![Scraps generated in normal course of Business must be treated as part of Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/03/Sale-of-Scrap-Tax-Scan.jpg "Scraps generated in normal course of Business must be treated as part of Business Income: ITAT [Read Order]")