![Relief to ICC: ITAT grants Income Tax Exemption on Receipts from Seminars and Conferences [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ICC-Indian-Chamber-of-Commerce-ITAT-Income-Tax-Exemption-ITAT-Kolkata-ITAT-decision-on-ICC-TAXSCAN.jpg "Relief to ICC: ITAT grants Income Tax Exemption on Receipts from Seminars and Conferences [Read Order]")
Relief to ICC: ITAT grants Income Tax Exemption on Receipts from Seminars and Conferences [Read Order]
In a major relief to the Indian Chamber of Commerce ( ICC ), the Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) granted income tax...
![ITAT Annual Digest 2023 [Part-11]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Digest-ITAT-Annual-Digest-part-11-ITAT-Annual-Digest-2023-taxscan.jpg "ITAT Annual Digest 2023 [Part-11]")
![[BREAKING] Supreme Court issues Notice to Income Tax Dept in Tamil Actor-Director SJ Suryah’s Plea against Prosecution for non-filing of ITR](https://www.taxscan.in/wp-content/uploads/2024/01/BREAKING-Supreme-Court-issues-Notice-to-Income-Tax-Dept-in-Tamil-Actor-Director-SJ-Suryahs-Plea-Prosecution-for-non-filing-of-ITR-TAXSCAN.jpg "[BREAKING] Supreme Court issues Notice to Income Tax Dept in Tamil Actor-Director SJ Suryah’s Plea against Prosecution for non-filing of ITR")
![ITAT Annual Digest 2023 [Part 2]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ANNUAL-DIGEST-ITAT-ANNUAL-DIGEST-taxscan.jpg "ITAT Annual Digest 2023 [Part 2]")
![Availability of cash with different companies is sufficient to explain cash found at time of search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Availability-cash-companies-explain-cash-ITAT-TAXSCAN.jpg "Availability of cash with different companies is sufficient to explain cash found at time of search: ITAT [Read Order]")
Income Tax Addition u/s 69B of Income Tax Act made on basis of Cogent Documentation: ITAT Dismisses Income Tax Appeal [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that since the document on the basis of which addition of Rs.2 crores is sought to be made is not a cogent document, the Tribunal upheld...
![Income Tax Addition u/s 69B of Income Tax Act made on basis of Cogent Documentation: ITAT Dismisses Income Tax Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-Tax-Income-Act-Cogent-Documentation-ITAT-Income-Tax-Appeal-TAXSCAN.jpg "Income Tax Addition u/s 69B of Income Tax Act made on basis of Cogent Documentation: ITAT Dismisses Income Tax Appeal [Read Order]")
AO Failed to Record Reason for Escape of Income due to Non-disclosure of Materials Facts by Assessee u/s 147 of Income Tax Act: ITAT Quashes Re-Assessment [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that the Assessing Officer failed to record reason for occurance of escape of income due to failure on part of assessee to disclose all...
![AO Failed to Record Reason for Escape of Income due to Non-disclosure of Materials Facts by Assessee u/s 147 of Income Tax Act: ITAT Quashes Re-Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/AO-Income-AO-Failed-to-Record-Reason-for-Escape-of-Income-Non-disclosure-of-Materials-Facts-by-Assessee-taxscan.jpg "AO Failed to Record Reason for Escape of Income due to Non-disclosure of Materials Facts by Assessee u/s 147 of Income Tax Act: ITAT Quashes Re-Assessment [Read Order]")
Interest subsidy under TUFS treated as capital receipt, for overall growth and generation of employment: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) observed that the purpose of granting subsidy under TUFS (Technology Up-gradation Fund Scheme) by the Ministry of Textiles, Government of India...
![Interest subsidy under TUFS treated as capital receipt, for overall growth and generation of employment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Interest-subsidy-TUFS-capital-receipt-growth-generation-employment-ITAT-TAXSCAN.jpg "Interest subsidy under TUFS treated as capital receipt, for overall growth and generation of employment: ITAT [Read Order]")
Disallowance of Income Tax Addition made on Ground of Unexplained Cash Deposits: ITAT Sets Aside Exparte Order [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) disallowed the addition made on income tax return on the ground that the cash deposits are unexplained and hence set aside the exparte decree...
![Disallowance of Income Tax Addition made on Ground of Unexplained Cash Deposits: ITAT Sets Aside Exparte Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Disallowance-Income-Tax-Ground-Unexplained-Cash-Deposits-ITAT-Exparte-TAXSCAN.jpg "Disallowance of Income Tax Addition made on Ground of Unexplained Cash Deposits: ITAT Sets Aside Exparte Order [Read Order]")
Assessee Lacked Proper Opportunity before the AO due to Dire Financial Stress and Difficulties: ITAT sets Aside Orders of CIT (A) being Ex-parte Order
The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, set aside the orders of CIT (A) being ex-parte, on the ground that the assessee lacked proper...
“Preferring An Appeal does Not Mean Mere Formally Filing It But Also Taking All The Steps To Effectively Pursue The Appeal”: ITAT Refuses to Condone Delay [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) recently refused to condone the delay and remarked that “preferring an Appeal does not mean mere formally filing it but also taking all the...
![“Preferring An Appeal does Not Mean Mere Formally Filing It But Also Taking All The Steps To Effectively Pursue The Appeal”: ITAT Refuses to Condone Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Appeal-Effectivel-Appeal-ITAT-TAXSCAN.jpg "“Preferring An Appeal does Not Mean Mere Formally Filing It But Also Taking All The Steps To Effectively Pursue The Appeal”: ITAT Refuses to Condone Delay [Read Order]")
Addition under Head of Undisclosed Stock can't be made based on Incomplete Tally Data from discrepancies: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that an addition under head of undisclosed stock can't be made based on incomplete tally data from discrepancies. A survey...
![Addition under Head of Undisclosed Stock cant be made based on Incomplete Tally Data from discrepancies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Undisclosed-Stock-Incomplete-Tally-Data-ITAT-TAXSCAN.jpg "Addition under Head of Undisclosed Stock cant be made based on Incomplete Tally Data from discrepancies: ITAT [Read Order]")