![No Affidavit showing Cause of 2086-Day Delay in Filing Income Tax Appeal: ITAT upholds CIT(A) decision dismissing Appeal in-limine [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/TAT-ITAT-upholds-CITA-Income-Tax-Appeal-Income-Tax-Filing-Income-Tax-Appeal-Filing-Income-Tax-Income-Tax-Appellate-Tribunal-taxscan.jpg "No Affidavit showing Cause of 2086-Day Delay in Filing Income Tax Appeal: ITAT upholds CIT(A) decision dismissing Appeal in-limine [Read Order]")
No Affidavit showing Cause of 2086-Day Delay in Filing Income Tax Appeal: ITAT upholds CIT(A) decision dismissing Appeal in-limine [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the decision of the Commissioner of Income Tax (Appeals) [CIT(A)], dismissing...
![Exemption Allowable on Sale Consideration Invested In Purchase of Property with Prior Permission of Charity Commissioner: ITAT upholds CIT (A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Exemption-Allowable-on-Sale-ITAT-ITAT-Mumbai-CIT-A-Order-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-Tax-prior-permission-of-charity-TAXSCAN.jpg "Exemption Allowable on Sale Consideration Invested In Purchase of Property with Prior Permission of Charity Commissioner: ITAT upholds CIT (A) Order [Read Order]")
![Only Short Gap Between Three Income Tax First Appeal Notices: ITAT remands Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-First-Appeal-Notices-Itat-ITAT-remands-itat-news-income-tax-news-ITAT-remand-First-Appeal-Notice-Income-Tax-First-Appeal-Notice-taxscan.jpg "Only Short Gap Between Three Income Tax First Appeal Notices: ITAT remands Matter [Read Order]")
![Rejection of Additional Evidence by weighted Deduction u/s 35(2AB): ITAT directs Re-adjudication Admitting Evidences [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-Appellate-Tribunal-ITAT-in-mumbai-Rejection-of-Additional-Evidence-Weighted-Deduction-TAXSCAN.jpg "Rejection of Additional Evidence by weighted Deduction u/s 35(2AB): ITAT directs Re-adjudication Admitting Evidences [Read Order]")
![ITAT Remands Case Back to CIT(A) for Reconsideration Due to Non-Compliance and Evidence Issues [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Remands-ITAT-Cuttack-CITA-Evidence-Issues-Income-Tax-Appellate-Tribunal-ITAT-Commissioner-Of-Income-Tax-TAXSCAN.jpg "ITAT Remands Case Back to CIT(A) for Reconsideration Due to Non-Compliance and Evidence Issues [Read Order]")
Income Tax Addition On Interest Income Received Out Of FDs is Invalid In Absence Of Corroborative Evidence: ITAT [Read Order]
In a significant case, the Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has Income tax addition on interest income received out of Fixed Deposits ( FDs) is invalid in absence of corroborative...
![Income Tax Addition On Interest Income Received Out Of FDs is Invalid In Absence Of Corroborative Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-Income-Tax-Addition-FD-Interest-Income-Corroborative-Evidence-Tax-Addition-Income-Tax-Appellate-Tribunal-ITAT-mumbai-taxscan.jpg "Income Tax Addition On Interest Income Received Out Of FDs is Invalid In Absence Of Corroborative Evidence: ITAT [Read Order]")
ITAT deletes Penalty U/s 271(1)(c) for Co-operative Bank in Liquidation, Citing Full Disclosure and Lack of Concealment [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT)Â allowed the appeal,deleted the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961 and noted that the co-operative bank in...
![ITAT deletes Penalty U/s 271(1)(c) for Co-operative Bank in Liquidation, Citing Full Disclosure and Lack of Concealment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Penalty-Co-operative-Bank-ITAT-Deletes-Income-Tax-Appellate-Tribunal-ITAT-Deposit-Insurance-and-Credit-Guarantee-Corporation-DICGC-Section-2711c-of-the-Income-Tax-Act-taxscan.jpg "ITAT deletes Penalty U/s 271(1)(c) for Co-operative Bank in Liquidation, Citing Full Disclosure and Lack of Concealment [Read Order]")
![Advance Tax Payment Not Required For Reassessment Proceedings: ITAT overrules CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Advance-Tax-Payment-Required-For-Reassessment-Proceedings-ITAT-overrules-CITA-Order-TAXSCAN.jpg "Advance Tax Payment Not Required For Reassessment Proceedings: ITAT overrules CIT(A) Order [Read Order]")
Interest Rate on Secured Loan From banks Cannot be Compared with Interest Rate on Unsecured Loan: ITAT [Read Order]
In a recent case, the Indore bench of Income Tax Appellate Tribunal (ITAT) ruled that interest rate on secured loans from banks cannot be compared with interest rate on unsecured loan. The...
![Interest Rate on Secured Loan From banks Cannot be Compared with Interest Rate on Unsecured Loan: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-Appellate-Tribunal-Income-Tax-Appellate-Tribunal-ITAT-indore-Unsecured-Loan-interest-rate-taxscan.jpg "Interest Rate on Secured Loan From banks Cannot be Compared with Interest Rate on Unsecured Loan: ITAT [Read Order]")
CIT(A) Fails to Verify Correct Date of Filing Income Tax Return: ITAT Restores Case to CIT(A) [Read Order]
A two-member bench of the Income Tax Appellate Tribunal (ITAT) in Cuttack has restored a case to the Commissioner of Income Tax Appeals (CIT (A)) after finding that the CIT (A) failed to verify the...
![CIT(A) Fails to Verify Correct Date of Filing Income Tax Return: ITAT Restores Case to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-CITA-Income-Tax-Return-Income-Tax-CITA-Fails-Commissioner-of-Income-Tax-Appeals-Taxscan.jpg "CIT(A) Fails to Verify Correct Date of Filing Income Tax Return: ITAT Restores Case to CIT(A) [Read Order]")
Original Allotment Date Applies to Property Acquisition: ITAT Overturned Short-Term Capital Gain Assessment [Read Order]
In the recent case, the Delhi bench of Income Tax Appellate Tribunal (ITAT) granted relief, stating that the original allotment date of 1989 should be considered for property acquisition, not the...
![Original Allotment Date Applies to Property Acquisition: ITAT Overturned Short-Term Capital Gain Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Short-Term-Capital-Gain-Assessment-Property-Acquisition-Original-Allotment-ITAT-Overturned-Capital-Gain-taxscan.jpg "Original Allotment Date Applies to Property Acquisition: ITAT Overturned Short-Term Capital Gain Assessment [Read Order]")
CIT(A) fails to Address Key issue on Adjustment of Actual Expenditure against Provisions: ITAT remands matter [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) remands the issue back to the Commissioner of Income Tax (Appeals) [CIT(A)] which failed to address the key issue of on ...
![CIT(A) fails to Address Key issue on Adjustment of Actual Expenditure against Provisions: ITAT remands matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-Appellate-Tribunal-CIT-Adjustment-of-Actual-Expenditure-Expenditure-Against-Provisions-TAXSCAN.jpg "CIT(A) fails to Address Key issue on Adjustment of Actual Expenditure against Provisions: ITAT remands matter [Read Order]")