![ITAT levies Cost of Rs 5000 to be Paid towards PMs Relief Fund for Callous Attitude of Ignoring Notices of CIT(A) NFAC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-ITAT-levies-Cost-PMs-Relief-Fund-Relief-Fund-Callous-Attitude-of-Ignoring-Notices-taxscan.jpg "ITAT levies Cost of Rs 5000 to be Paid towards PMs Relief Fund for Callous Attitude of Ignoring Notices of CIT(A) NFAC [Read Order]")
ITAT levies Cost of Rs 5000 to be Paid towards PM's Relief Fund for Callous Attitude of Ignoring Notices of CIT(A) NFAC [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has levied the cost of Rs 5000 to be paid towards Prime Minister’s relief fund for...
![Failure of AO to provide Sufficient Time for required details Prevents Verification at the Time of Assessment: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-AO-provide-sufficient-time-details-prevents-verification-assessment-ITAT-readjudication-TAXSCAN-1.jpg "Failure of AO to provide Sufficient Time for required details Prevents Verification at the Time of Assessment: ITAT directs Readjudication [Read Order]")
![Failure to Discharge onus to Prove Genuineness of cash credited by cheques in various Bank Accounts: ITAT Restores matter to file of AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-Discharge-Prove-Genuineness-cash-credited-cheques-Bank-Accounts-ITAT-AO-TAXSCAN.jpg "Failure to Discharge onus to Prove Genuineness of cash credited by cheques in various Bank Accounts: ITAT Restores matter to file of AO [Read Order]")
![Appeal failed in absence of Name of Assesee in Form 26AS: ITAT allows to Make Necessary Corrections [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Appeal-Name-Assesee-Form-26AS-ITAT-Necessary-Corrections-TAXSCAN.jpg "Appeal failed in absence of Name of Assesee in Form 26AS: ITAT allows to Make Necessary Corrections [Read Order]")
![Goodwill is Intangible Asset, Claim of Depreciation u/s 32(1) of Income Tax Act Allowable: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Goodwill-Intangible-Asset-Claim-Depreciation-Income-Tax-Act-TAXSCAN-.jpg "Goodwill is Intangible Asset, Claim of Depreciation u/s 32(1) of Income Tax Act Allowable: Delhi HC [Read Order]")
Non-Compliance of Notice issued by CIT(A) during appeal proceedings: ITAT directs to Deposit Cost of Rs. 20,000 in PM Relief Fund [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai Bench directed the deposit cost of Rs. 20,000/ in Prime Minister Relief Fund due to non-compliance of notice issued by the CIT(A) during appeal...
![Non-Compliance of Notice issued by CIT(A) during appeal proceedings: ITAT directs to Deposit Cost of Rs. 20,000 in PM Relief Fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Non-Compliance-Notice-appeal-proceedings-ITAT-Deposit-Cost-PM-Relief-Fund-TAXSCAN-.jpg "Non-Compliance of Notice issued by CIT(A) during appeal proceedings: ITAT directs to Deposit Cost of Rs. 20,000 in PM Relief Fund [Read Order]")
Income Tax Exemption u/s 10(23C)(iiiac) allowable When 50% of Total Receipts of Grant Received by Institute of Liver and Biliary Sciences from Govt: Delhi HC [Read Order]
The Delhi High Court has held that the Income Tax exemption under section 10(23C)(iiiac) of the Income Tax Act, 1961 is allowable only when 50% of total receipts of grants are received by the...
![Income Tax Exemption u/s 10(23C)(iiiac) allowable When 50% of Total Receipts of Grant Received by Institute of Liver and Biliary Sciences from Govt: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Exemption-u-Total-Receipts-Grant-Received-Institute-Liver-Biliary-Sciences-Govt-Delhi-HC-TTAXSCAN.jpg "Income Tax Exemption u/s 10(23C)(iiiac) allowable When 50% of Total Receipts of Grant Received by Institute of Liver and Biliary Sciences from Govt: Delhi HC [Read Order]")
CIT(A) passed Order not on Merits: ITAT Directs Re-Adjudication taking Cognizance of Evidences [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has directed re-adjudication taking cognizance of evidence as the Commissioner of Income Tax Appeals (CIT(A)) passed order not on merits. ...
![CIT(A) passed Order not on Merits: ITAT Directs Re-Adjudication taking Cognizance of Evidences [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/CITA-Order-Merits-ITAT-Re-Adjudication-ITAT-Directs-Re-Adjudication-Cognizance-of-Evidences-Cognizance-ITAT-Directs-Re-Adjudication-taking-Cognizance-of-Evidences-Taxscan.jpg "CIT(A) passed Order not on Merits: ITAT Directs Re-Adjudication taking Cognizance of Evidences [Read Order]")
Absence of Continuity in action of AO and CIT(A): ITAT deletes Penalty imposed without sure about nature of Default [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench deleted the penalty imposed without sure about the nature of default thus the bench observed absence of continuity in action of the assessing...
![Absence of Continuity in action of AO and CIT(A): ITAT deletes Penalty imposed without sure about nature of Default [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Absence-Continuity-action-AO-CITA-ITAT-Penalty-TAXSCAN.jpg "Absence of Continuity in action of AO and CIT(A): ITAT deletes Penalty imposed without sure about nature of Default [Read Order]")
Failure to file ITR bonafidely and witness no Loss to Revenue as Proper Tax was already Paid: ITAT deletes Penalty [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) set aside penalty of Rs.5000 under Section 271F of the Income Tax Act, 1961 on grounds of non-filing of returns by the assessee bonafidely...
![Failure to file ITR bonafidely and witness no Loss to Revenue as Proper Tax was already Paid: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-file-ITR-Loss-Revenue-Proper-Tax-already-Paid-ITAT-Penalty-taxscan-.jpg "Failure to file ITR bonafidely and witness no Loss to Revenue as Proper Tax was already Paid: ITAT deletes Penalty [Read Order]")
Nirma Ltd. entitles to Additional Compensation for Delay in Issuing Refund u/s 244A of Income Tax Act: ITAT [Read Order]
The Ahemdabad bench of the Income Tax Appellate Tribunal (ITAT) held that the amount of refund granted to the assessee, first, has to be adjusted against the interest payable to the assessee and thus...
![Nirma Ltd. entitles to Additional Compensation for Delay in Issuing Refund u/s 244A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Nirma-0Ltd-Additional-Compensation-Delay-Refund-Income-Tax-Act-ITAT-taxscan.jpg "Nirma Ltd. entitles to Additional Compensation for Delay in Issuing Refund u/s 244A of Income Tax Act: ITAT [Read Order]")
ITAT upholds Disallowance on Account of Failure to prove Long Term Capital Loss arises from Sale of Share Of Company [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad Bench upheld the disallowance made by the assessing officer on account of failure to prove long term capital loss arises from the sale of...
![ITAT upholds Disallowance on Account of Failure to prove Long Term Capital Loss arises from Sale of Share Of Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-disallowance-account-Failure-prove-Long-Term-Capital-Loss-Sale-Share-Company-taxscan.jpg "ITAT upholds Disallowance on Account of Failure to prove Long Term Capital Loss arises from Sale of Share Of Company [Read Order]")