![Deduction u/s 80(1C) Allowable If Form 10CB filed before Final Assessment Order: ITAT [Read Order]](/images/placeholder.jpg "Deduction u/s 80(1C) Allowable If Form 10CB filed before Final Assessment Order: ITAT [Read Order]")
Deduction u/s 80(1C) Allowable If Form 10CB filed before Final Assessment Order: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench, has recently, in an appeal filed before it, held that deduction u/s 80(1C) is allowable,if...
![Addition cant be deleted in absence of Incriminating Material showing the Purchase of Furniture and Fixtures including Decoration: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Addition-Incriminating-Material-Furniture-and-Fixtures-ITAT-TAXSCAN.jpg "Addition cant be deleted in absence of Incriminating Material showing the Purchase of Furniture and Fixtures including Decoration: ITAT [Read Order]")
![Incriminating Material found during Surveys when relied by CIT(A), copies should be provided to assessee in adherence to Principles of Natural Justice: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Material-CITA-Principles-Natural-Justice-ITAT-TAXSCAN.jpg "Incriminating Material found during Surveys when relied by CIT(A), copies should be provided to assessee in adherence to Principles of Natural Justice: ITAT [Read Order]")
![Delay in seeking Permission from head office is “Reasonable Cause” for Delay in filing Appeal: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Reasonable-Cause-Appeal-ITAT-TAXSCAN.jpg "Delay in seeking Permission from head office is “Reasonable Cause” for Delay in filing Appeal: ITAT [Read Order]")
![Income Tax Penalty cannot be Levied If Tax Audit was not done for a Reasonable Cause but Filed before Completion of Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Penalty-Tax-Audit-Reasonable-Cause-Assessment-TAXSCAN.jpg "Income Tax Penalty cannot be Levied If Tax Audit was not done for a Reasonable Cause but Filed before Completion of Assessment [Read Order]")
Purchase of Flat out of Sale Proceeds of Gold Jewellery: ITAT Allows Capital Gain Exemption u/s 54F [Read Order]
The Mumbai Bench of Income Tax Appellate tribunal (ITAT) has allowed capital gain exemption under Section 54F of the Income Tax Act 1961, on finding that the purchase of flats was out of sale...
![Purchase of Flat out of Sale Proceeds of Gold Jewellery: ITAT Allows Capital Gain Exemption u/s 54F [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Sale-Proceeds-of-Gold-Jewellery-ITAT-Capital-Gain-Exemption-TAXSCAN.jpg "Purchase of Flat out of Sale Proceeds of Gold Jewellery: ITAT Allows Capital Gain Exemption u/s 54F [Read Order]")
Tax Effect below Monetary Limit prescribed by CBDT and absence of Audit Objection: Jharkhand HC dismisses Appeal holding not Maintainable [Read Order]
The Jharkhand High Court dismissed appeal filed by the Revenue holding not maintainable on the ground that the tax effect below monetary limit prescribed by Central Board of Direct Taxes (CBDT) and...
![Sale Proceed of Agricultural Produce without Invoice cannot be Doubted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Sale-Proceed-Agricultural-Produce-Invoice-Doubted-ITAT-TAXSCAN.jpg "Sale Proceed of Agricultural Produce without Invoice cannot be Doubted: ITAT [Read Order]")
Income Tax Penalty u/s 271(1)(c)cannot be Levied based on Information from Outside Agency/ Dept: ITAT [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that income tax penalty under section 271(1)(c) cannot be levied based on Information from outside...
![Income Tax Penalty u/s 271(1)(c)cannot be Levied based on Information from Outside Agency/ Dept: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Penalty-Information-Outside-Agency-Dept-ITAT-TAXSCAN.jpg "Income Tax Penalty u/s 271(1)(c)cannot be Levied based on Information from Outside Agency/ Dept: ITAT [Read Order]")
![Income Tax Return filed with Defect and Consequent Intimation u/s.143(1) is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Return-Defect-Consequent-Intimation-Invalid-ITAT-TAXSCAN.jpg "Income Tax Return filed with Defect and Consequent Intimation u/s.143(1) is Invalid: ITAT [Read Order]")
Relief to Air India: ITAT Upholds Order allowing Unusable Old Inventory of Spares and Parts as Loss [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it by Air India, upheld the orders allowing unusable old inventory of spare and parts, as loss. The...
![Relief to Air India: ITAT Upholds Order allowing Unusable Old Inventory of Spares and Parts as Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Air-India-ITAT-Old-Inventory-of-Spares-Parts-Loss-TAXSCAN.jpg "Relief to Air India: ITAT Upholds Order allowing Unusable Old Inventory of Spares and Parts as Loss [Read Order]")
ITAT deletes Disallowance u/s 40A(3) when assessee made Payment in Cash not directly to the Seller [Read Order]
The Income Tax Appellate Tribunal (ITAT)deleted disallowance under section 40A(3) of the Income Tax Appellate Tribunal when assessee made payment in cash not directly to the seller. M/s.Piprani...
![ITAT deletes Disallowance u/s 40A(3) when assessee made Payment in Cash not directly to the Seller [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/ITAT-Disallowance-Payment-Cash-TAXSCAN.jpg "ITAT deletes Disallowance u/s 40A(3) when assessee made Payment in Cash not directly to the Seller [Read Order]")