![ITAT deletes Addition made u/s 69 of Income Tax Act without considering Evidence related Agreement of Sale [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Income-tax-ITAT-Delhi-Section-69-of-the-Income-Tax-Act-tax-news-Taxscan.jpg "ITAT deletes Addition made u/s 69 of Income Tax Act without considering Evidence related Agreement of Sale [Read Order]")
ITAT deletes Addition made u/s 69 of Income Tax Act without considering Evidence related Agreement of Sale [Read Order]
The two member bench of Delhi Income Tax Appellate Tribunal ( ITAT ) deleted the addition made under Section 69 of the Income Tax Act, 1961 without...
![Income Tax Applicable on Unsold Flats In real Estate Business as on AY 2018 -2019: ITAT deletes Addition on Notional Rent [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-Tax-Applicable-Unsold-Flats-In-real-Estate-Business-ITAT-Notional-Rent-TAXSCAN-.jpg "Income Tax Applicable on Unsold Flats In real Estate Business as on AY 2018 -2019: ITAT deletes Addition on Notional Rent [Read Order]")
![Disallowance u/s 57(ii) of Income Tax Act allowable on Expenses Incurred wholly for earning Income from Other Sources: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Disallowance-Income-Tax-Act-Expenses-Income-Other-Sources-ITAT-taxscan.jpg "Disallowance u/s 57(ii) of Income Tax Act allowable on Expenses Incurred wholly for earning Income from Other Sources: ITAT [Read Order]")
![CIT (A)Â cannot delete Disallowance without Observing Findings of AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/CIT-A-Disallowance-AO-ITAT-taxscan.jpg "CIT (A)Â cannot delete Disallowance without Observing Findings of AO: ITAT [Read Order]")
Failure to prove Ownership of Company with respect to Purchase Agreement of Land for Develop Property: ITAT upholds STCG from Transfer to Non Agriculture Land [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) while upheld the Short Term Capital Gain ( STCG ) from the transfer of the non agriculture land observed that the assessee failed to prove...
![Failure to prove Ownership of Company with respect to Purchase Agreement of Land for Develop Property: ITAT upholds STCG from Transfer to Non Agriculture Land [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Failure-to-prove-ownership-Non-Agriculture-land-tax-updates-taxscan.jpg "Failure to prove Ownership of Company with respect to Purchase Agreement of Land for Develop Property: ITAT upholds STCG from Transfer to Non Agriculture Land [Read Order]")
![Section 194C is not applicable on payments made by assessee Unless a charge is being determined: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Kolkata-Income-tax-appellate-tribunal-Section-194C-Income-tax-taxscan.jpg "Section 194C is not applicable on payments made by assessee Unless a charge is being determined: ITAT [Read Order]")
ITAT dismiss appeal filed against claim of Foreign Tax Credit with respect to profit earned from Singapore Branch Office
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal filed by the Income Tax Department against claim of foreign tax credit with respect to profit earned...
ITAT allows deduction u/s 10AA of Income Tax Act in respect of profits derived by Unit from re-export of goods imported [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) allowed deduction claimed under Section 10AA of Income Tax Act, 1961 in respect of profits derived by the Unit from re-export of goods...
![ITAT allows deduction u/s 10AA of Income Tax Act in respect of profits derived by Unit from re-export of goods imported [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-deduction-us-10AA-of-Income-Tax-Act-profits-Unit-from-re-export-of-goods-imported-TAXSCAN.jpg "ITAT allows deduction u/s 10AA of Income Tax Act in respect of profits derived by Unit from re-export of goods imported [Read Order]")
Allegation Bogus Purchase: ITAT confirms Gross profit at 12 .5% as Sales are not Disputed [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal( ITAT) confirmed the addition made by Income Tax Authorities on the gross profit margin @ 12.5% on the alleged bogus purchase by the assessee....
![Allegation Bogus Purchase: ITAT confirms Gross profit at 12 .5% as Sales are not Disputed [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Allegation-Bogus-Purchase-ITAT-ITAT-mumbai-Income-Tax-taxscan.jpg "Allegation Bogus Purchase: ITAT confirms Gross profit at 12 .5% as Sales are not Disputed [Read Order]")
ITAT allows deduction claimed u/s 54F of Income Tax Act with respect all apartment units received pursuant to JDA [Read Order]
The two member bench of Bangalore Income Tax Appellate Tribunal ( ITAT ) allowed the deduction claimed under Section 54F of the Income Tax Act, 1961 with respect to all apartment units received...
![ITAT allows deduction claimed u/s 54F of Income Tax Act with respect all apartment units received pursuant to JDA [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-bangalore-Joint-Development-Agreement-tax-updates-taxscan.jpg "ITAT allows deduction claimed u/s 54F of Income Tax Act with respect all apartment units received pursuant to JDA [Read Order]")
No addition warranted u/s 56(2)(viib) of Income Tax Act as difference between issue Price and Value Adopt by AO is Minuscule [Read Order]
The two member bench of Delhi Income Tax Appellate Tribunal ( ITAT ) held that no addition warranted under Section 56(2)(viib) of the Income Tax Act, 1961 as difference between issue price and value...
![No addition warranted u/s 56(2)(viib) of Income Tax Act as difference between issue Price and Value Adopt by AO is Minuscule [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Delhi-Income-Tax-Act-Assessing-officer-tax-updates-taxscan.jpg "No addition warranted u/s 56(2)(viib) of Income Tax Act as difference between issue Price and Value Adopt by AO is Minuscule [Read Order]")