![Shortage of Staff Due to SBT Merger with SBI constitute ‘Sufficient Cause’ for Delay in Filing Appeal: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Shortage-of-Staff-SBT-Merger-with-SBI-Filing-Appeal-ITAT-Taxscan-opengraph-1.jpg "Shortage of Staff Due to SBT Merger with SBI constitute ‘Sufficient Cause’ for Delay in Filing Appeal: ITAT [Read Order]")
Shortage of Staff Due to SBT Merger with SBI constitute ‘Sufficient Cause’ for Delay in Filing Appeal: ITAT [Read Order]
Shortage of manpower and lack of guidance/expertise in taxation, on account of merger of State Bank of Travancore with State Bank of India, ...
![Reassessment on incorrect facts and by non-application of mind is bad in Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Reassessment-non-application-of-mind-law-ITAT-Taxscan.jpg "Reassessment on incorrect facts and by non-application of mind is bad in Law: ITAT [Read Order]")
![ITAT quashes reopening of Assessment, deletes addition on account of Share Application Money and Commission paid [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Income-Tax-ITAT-assessment-share-application-money-commission-Taxscan.jpg "ITAT quashes reopening of Assessment, deletes addition on account of Share Application Money and Commission paid [Read Order]")
![ITAT allows Long-Term Capital Loss arising from Sale of Government Securities after applying Cost Inflation Index [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-Long-Term-Capital-Loss-sale-of-Government-Securities-Cost-Inflation-Index-Taxscan.jpg "ITAT allows Long-Term Capital Loss arising from Sale of Government Securities after applying Cost Inflation Index [Read Order]")
![Entire Reassessment proceedings invalid, if assessee precluded from raising objection against Reopening of Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/reassessment-proceedings-assessee-reopening-of-the-assessment-ITAT-taxscan.jpeg "Entire Reassessment proceedings invalid, if assessee precluded from raising objection against Reopening of Assessment: ITAT [Read Order]")
ITAT remits matter to AO for fresh Computation of Interest allowable to Maruti Suzuki India [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench remitted the matter to AO for fresh computation of interest allowable to Maruti Suzuki India. In all these six appeals, three appeals filed by...
![ITAT remits matter to AO for fresh Computation of Interest allowable to Maruti Suzuki India [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-AO-computation-of-interest-Maruti-Suzuki-India-taxscan.jpg "ITAT remits matter to AO for fresh Computation of Interest allowable to Maruti Suzuki India [Read Order]")
'Initial Assessment Year' for Claim of Deduction need not be 'first year' of 'Commencement of Operations': ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that “Initial assessment year” for the claim of deduction need not be “first year” of the “commencement of operations”. The assessee,...
![Initial Assessment Year for Claim of Deduction need not be first year of Commencement of Operations: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Initial-assessment-year-claim-of-deduction-commencement-of-operations-ITAT-taxscan.jpeg "Initial Assessment Year for Claim of Deduction need not be first year of Commencement of Operations: ITAT [Read Order]")
Disallowance under S.40A(3) Income Tax Act not Allowed where Genuineness Of Transaction not Doubted: ITAT [Read Order]
The Income Tax Appellate Tribunal, Delhi Bench “D”, reverses application of Disallowance under Sec.40A(3) of Income Tax Act as the genuineness of the transaction was not doubted by the...
![Disallowance under S.40A(3) Income Tax Act not Allowed where Genuineness Of Transaction not Doubted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Disallowance-IT-Act-Genuineness-Of-Transaction-ITAT-Taxscan.jpeg "Disallowance under S.40A(3) Income Tax Act not Allowed where Genuineness Of Transaction not Doubted: ITAT [Read Order]")
![No Addition merely on ground that Investors shown Lower Income in their Tax Returns: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Investors-Lower-Income-Tax-Returns-ITAT-Taxscan.jpg "No Addition merely on ground that Investors shown Lower Income in their Tax Returns: ITAT [Read Order]")
Consideration paid to Non-Resident Software Manufactures or Suppliers doesn't give rise to Income Taxable, No TDS deductible: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that consideration paid to non-resident software manufactures or suppliers does not give rise to income taxable in India and was not...
![Consideration paid to Non-Resident Software Manufactures or Suppliers doesnt give rise to Income Taxable, No TDS deductible: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/non-resident-software-manufactures-income-taxable-TDS-ITAT-Taxscan.jpeg "Consideration paid to Non-Resident Software Manufactures or Suppliers doesnt give rise to Income Taxable, No TDS deductible: ITAT [Read Order]")
Delhi HC directs Income Tax Commissioner to process application filed under Vivad Se Vishwas Act, 2020 [Read Order]
The Delhi High Court directed the Income Tax Commissioner to process the application filed under Vivad Se Vishwas Act, 2020. The petitioner, Shyam Sunder Sethi had filed his income-tax return...
![Delhi HC directs Income Tax Commissioner to process application filed under Vivad Se Vishwas Act, 2020 [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Delhi-High-court-Income-Tax-Commissioner-Vivad-Se-Vishwas-Act-Taxscan.jpg "Delhi HC directs Income Tax Commissioner to process application filed under Vivad Se Vishwas Act, 2020 [Read Order]")
![ITAT deletes Penalty for failure to issue Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-Penalty-failure-to-issue-Notice-Taxscan.jpg "ITAT deletes Penalty for failure to issue Notice [Read Order]")