![No Evidence to prove lack of ownership: ITAT upholds order of CIT(A) accepting LTCG [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Evidence-ITAT-CITA-LTCG-taxscan.jpg "No Evidence to prove lack of ownership: ITAT upholds order of CIT(A) accepting LTCG [Read Order]")
No Evidence to prove lack of ownership: ITAT upholds order of CIT(A) accepting LTCG [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the order of CIT(A) which accepts the Long Term Capital Gain ( LTCG )without...
![Mere Wrong Mention of TAN in TDS Deposit Challan would not Attract Demand u/s 200A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/TAN-TDS-Deposit-Challan-Income-Tax-Act-ITAT-TAXSCAN.jpg "Mere Wrong Mention of TAN in TDS Deposit Challan would not Attract Demand u/s 200A of Income Tax Act: ITAT [Read Order]")
![Compensation on compulsory acquisition of land is exempted u/s 10(37): ITAT deletes income tax addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Compensation-on-compulsory-acquisition-of-land-ITAT-income-tax-addition-TAXSCAN.jpg "Compensation on compulsory acquisition of land is exempted u/s 10(37): ITAT deletes income tax addition [Read Order]")
![Interest in Replacement Rehabilitation and Development Fund must be Directly taken into P& L Account: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Replacement-Rehabilitation-Development-Fund-Orissa-HC-TAXSCAN.jpg "Interest in Replacement Rehabilitation and Development Fund must be Directly taken into P& L Account: Orissa HC [Read Order]")
![Foreign Dividend Income Which is Chargeable to Tax is outside the provision of 14 A: ITAT rules in favour of Tata Industries [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Foreign-Dividend-Income-Chargeable-to-Tax-ITAT-Tata-Industries-TAXSCAN.jpg "Foreign Dividend Income Which is Chargeable to Tax is outside the provision of 14 A: ITAT rules in favour of Tata Industries [Read Order]")
Relief to Tata Industries: ITAT allows set off of brought Forward Business Losses against Foreign Dividend Income [Read Order]
As a relief to Tata Industries, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) allowed the set offof brought forward business losses against foreign dividend income. The...
![Relief to Tata Industries: ITAT allows set off of brought Forward Business Losses against Foreign Dividend Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Tata-Industries-ITAT-Business-Losses-Foreign-Dividend-Income-TAXSCAN.jpg "Relief to Tata Industries: ITAT allows set off of brought Forward Business Losses against Foreign Dividend Income [Read Order]")
No Liability u/s 201 When Payment of Rent and Common area maintenance charges have been made to distinct companies: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that liability under section 201 of the Income Tax Act,1961 will not arise when payment of rent and common area maintenance...
![No Liability u/s 201 When Payment of Rent and Common area maintenance charges have been made to distinct companies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/payment-of-rent-and-common-area-maintenance-charges-hcompanies-ITAT-TAXSCAN.jpg "No Liability u/s 201 When Payment of Rent and Common area maintenance charges have been made to distinct companies: ITAT [Read Order]")
![Disallowance without Identifying Expenses on Rental Income not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Disallowance-Rental-Income-ITAT-TAXSCAN.jpg "Disallowance without Identifying Expenses on Rental Income not sustainable: ITAT [Read Order]")
![Recording different findings on Same of Set of Evidence: ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Recording-of-evidence-evidence-ITAT-findings-taxscan.jpg "Recording different findings on Same of Set of Evidence: ITAT quashes Order [Read Order]")
No Records to prove the Trust Charges Nominal Fee from Weaker Sections to claim Tax Exemption: ITAT directs Re-adjudication
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) directed for re-adjudication as there were no records to prove that the trust charges a nominal fee from the weaker sections to claim the tax...
Assessee failed to prove Property as Stock in Trade with Corroborative Evidence: ITAT upholds Applicability of 56(2)(vii)(b)
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the assessee failed to prove property as stock in trade with Corroborative Evidence and upheld the applicability of...
Sale of CWO proved and recorded as Income in Books of Account: ITAT deletes Addition on alleged Non genuine Purchase [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad Bench deleted addition on the ground of alleged non-genuine purchase as the sale of Cotton Wash Oil (CWO) was proved and recorded as income in...
![Sale of CWO proved and recorded as Income in Books of Account: ITAT deletes Addition on alleged Non genuine Purchase [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Sale-Sale-of-CWO-CWO-Income-Books-of-Account-ITAT-genuine-Purchase-Cotton-Wash-Oil-Taxscan.jpg "Sale of CWO proved and recorded as Income in Books of Account: ITAT deletes Addition on alleged Non genuine Purchase [Read Order]")