![ITAT upholds Reduced Land Cost, Citing Inflated Transaction and Lack of Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Land-Cost-Evidence-taxscan.jpg "ITAT upholds Reduced Land Cost, Citing Inflated Transaction and Lack of Evidence [Read Order]")
ITAT upholds Reduced Land Cost, Citing Inflated Transaction and Lack of Evidence [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the reduction of land cost citing an inflated sale price and a lack of evidence...
![ITAT sets aside Ex-Parte Order of CIT(A) for Fresh Hearing, upholds Principles of Natural Justice [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-CITA-Commissioner-of-Income-Tax-Appeals-Ex-Parte-Order-Fresh-Hearing-ITAT-news-ITAT-updates-taxscan.jpg "ITAT sets aside Ex-Parte Order of CIT(A) for Fresh Hearing, upholds Principles of Natural Justice [Read Order]")
![ITAT Overturns Disallowance of Unpaid Service Tax Due to Lack of Deduction in P&L Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Surat-Service-Tax-Due-PL-Account-Taxscan.jpg "ITAT Overturns Disallowance of Unpaid Service Tax Due to Lack of Deduction in P&L Account [Read Order]")
![Unit-Wise Deductions u/s 80IA must be Granted without considering Losses from other Eligible Units: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Unit-Wise-Deductions-Taxscan.jpg "Unit-Wise Deductions u/s 80IA must be Granted without considering Losses from other Eligible Units: ITAT [Read Order]")
ITAT Exempts Penny Stock Transactions u/s 10(38) Due to STT Compliance, Denies AO’s Bogus Transaction Allegations [Read Order]
The Cuttack Bench of the Income Tax Appellate Tribunal ( ITAT ) allowed exemption under Section 10 (38) of the Income Tax Act, 1961, which the Assessing Officer had denied because the share...
![ITAT Exempts Penny Stock Transactions u/s 10(38) Due to STT Compliance, Denies AO’s Bogus Transaction Allegations [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Cuttack-Income-Tax-Appellate-Tribunal-Securities-Transaction-Tax-STT-STT-Compliance-ITAT-Exempts-Penny-Stock-Transactions-taxscan.jpg "ITAT Exempts Penny Stock Transactions u/s 10(38) Due to STT Compliance, Denies AO’s Bogus Transaction Allegations [Read Order]")
lTAT Deletes Addition of Rs. 16,80,000 for SBN Deposits from Liquor Sales, Citing Exceptional Circumstances [Read Order]
The Cuttack Bench of Income Tax Appellate Tribunal(ITAT) deleted the addition of Rs. 16,80,000 made for cash deposits in Specified Bank Notes (SBN) from liquor sales, citing exceptional...
![lTAT Deletes Addition of Rs. 16,80,000 for SBN Deposits from Liquor Sales, Citing Exceptional Circumstances [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/lTAT-SBN-Deposits-from-Liquor-Sales-Citing-Exceptional-Circumstances-TAXSCAN.jpg "lTAT Deletes Addition of Rs. 16,80,000 for SBN Deposits from Liquor Sales, Citing Exceptional Circumstances [Read Order]")
Relief to Jindal Saw: ITAT Rules Excise Duty Demand not Chargeable to Tax being Capital Receipt in Nature [Read Order]
In a relief to Jindal Saw Ltd, the Income Tax Appellate Tribunal ( ITAT ) of Delhi ruled that the excise duty refund received by the company is not chargeable to tax, classifying it as a capital...
![Relief to Jindal Saw: ITAT Rules Excise Duty Demand not Chargeable to Tax being Capital Receipt in Nature [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/TAT-ITAT-Rules-Excise-Duty-Relief-to-Jindal-Saw-Income-Tax-Appellate-Tribunal-Not-Chargeable-to-Tax-Capital-Receipt-in-Nature-Gujarats-Kutch-District-taxscan.jpg "Relief to Jindal Saw: ITAT Rules Excise Duty Demand not Chargeable to Tax being Capital Receipt in Nature [Read Order]")
Notices uploaded only on Income Tax Portal may not be Treated as Valid Service of Notice: ITAT quashes Reassessment Proceedings against Buddhist monk [Read Order]
The Chandigarh bench of Income Tax Appellate Tribunal ( ITAT ) quashed reassessment proceedings initiated against, ruling that the issuance of notices solely through the Income Tax portal may not...
![Notices uploaded only on Income Tax Portal may not be Treated as Valid Service of Notice: ITAT quashes Reassessment Proceedings against Buddhist monk [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Chandigarh-Reassessment-Income-Tax-Portal-Taxscan.jpg "Notices uploaded only on Income Tax Portal may not be Treated as Valid Service of Notice: ITAT quashes Reassessment Proceedings against Buddhist monk [Read Order]")
CIT(A) Wrongly Dismissed Appeal Due to Alleged Non-Payment of Advance Tax: ITAT Remands Matter for Fresh Consideration [Read Order]
Recently in a decision, the Income Tax Appellate Tribunal (ITAT) of Bangalore remanded a case back to the Commissioner of Income Tax (Appeals) [CIT(A)] for fresh consideration after finding that the...
![CIT(A) Wrongly Dismissed Appeal Due to Alleged Non-Payment of Advance Tax: ITAT Remands Matter for Fresh Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Bangalore-CITA-Dismissed-Appeal-Taxscan.jpg "CIT(A) Wrongly Dismissed Appeal Due to Alleged Non-Payment of Advance Tax: ITAT Remands Matter for Fresh Consideration [Read Order]")
ITAT Deems Labor Charges Genuine as Contractor Retracts Admission of False Payments, Quashes Disallowance [Read Order]
Recently, the Income Tax Appellate Tribunal (ITAT) of Mumbai quashed the disallowance of labor charges after determining the payments to be genuine, following a key contractor's retraction of an...
![ITAT Deems Labor Charges Genuine as Contractor Retracts Admission of False Payments, Quashes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Appellate-Tribunal-ITAT-mumbai-Disallowance-Quashes-Disallowance-Labor-Charges-TAXSCAN.webp "ITAT Deems Labor Charges Genuine as Contractor Retracts Admission of False Payments, Quashes Disallowance [Read Order]")
Non-Appearance of Form 10B on E-Portal due to Technical Glitch not Taxpayer Mistake: ITAT Remands u/s 11 Exemption Matter [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) remanded exemption under Section 11 of the Income Tax Act matter due to the non-appearance of Form 10B on the E-portal caused by a...
![Non-Appearance of Form 10B on E-Portal due to Technical Glitch not Taxpayer Mistake: ITAT Remands u/s 11 Exemption Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Bangalore-E-Poetal-Due-E-Poetal-Due-to-Technical-Glitch-Taxscan.jpg "Non-Appearance of Form 10B on E-Portal due to Technical Glitch not Taxpayer Mistake: ITAT Remands u/s 11 Exemption Matter [Read Order]")