![Assessee should be aware that Department have discovered escapement of income: ITAT deletes penalty u/s 271 (1) (C) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Income-Tax-ITAT-ITAT-Ahmedabad-Income-tax-penalties-Escapement-of-income-taxscan.jpg "Assessee should be aware that Department have discovered escapement of income: ITAT deletes penalty u/s 271 (1) (C) of Income Tax Act [Read Order]")
Assessee should be aware that Department have discovered escapement of income: ITAT deletes penalty u/s 271 (1) (C) of Income Tax Act [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty under Section 271(1) (c) of the Income Tax Act, 1961, stating...
![Traveling to India and depositing cash in to NRO bank account: ITAT deletes addition u/s 69 A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Delhi-Income-Tax-NRO-bank-account-Tax-news-TAXSCAN.jpg "Traveling to India and depositing cash in to NRO bank account: ITAT deletes addition u/s 69 A of Income Tax Act [Read Order]")
![Failure to make a note in file of person searched does not vitiate proceedings u/s 153C of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Income-Tax-ITAT-Bangalore-vitiate-proceedings-Income-Tax-Appellate-Tribunal-Tax-news-taxscan.jpg "Failure to make a note in file of person searched does not vitiate proceedings u/s 153C of Income Tax Act: ITAT [Read Order]")
![Purchase Expenditure is Outflow against Income Falling within Ambit of u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Purchase-Expenditure-Outflow-Income-Falling-Ambit-Income-Tax-Act-ITAT-taxscan.jpeg "Purchase Expenditure is Outflow against Income Falling within Ambit of u/s 68 of Income Tax Act: ITAT [Read Order]")
Non-production of complete Bills and Vouchers: ITAT directs AO to limit Disallowance Percentages for Aggregate Expenditure, Conveyance Charges, office Maintenance, Sunday and Business Promotion Expenses
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has instructed the Assessing Officer (AO) to restrict the disallowance percentages for aggregate expenditure, conveyance charges, office...
Assessment order passed u/s 143(3) of Income Tax Act: ITAT remands matter to provide fair opportunity of hearing [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has remanded the matter concerning the assessment order passed under section 143(3) of the Income Tax Act to ensure a fair opportunity...
![Assessment order passed u/s 143(3) of Income Tax Act: ITAT remands matter to provide fair opportunity of hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-Act-ITAT-Mumbai-Assessment-order-Income-Tax-ITAT-decision-on-reassessment-opportunity-Assessment-procedure-under-Income-Tax-Act-ITAT-ruling-on-assessment-fairness-TAXSCAN.jpg "Assessment order passed u/s 143(3) of Income Tax Act: ITAT remands matter to provide fair opportunity of hearing [Read Order]")
Mistakes from Typographical Error not leading to Tax Evasion is not unexplained Cash Credit: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal observed that Mistakes from typographical error not leading to tax evasion is not unexplained cash credit. The assesse, having filed his...
![Mistakes from Typographical Error not leading to Tax Evasion is not unexplained Cash Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Mumbai-ITAT-Income-Tax-Appellate-Tax-Evasion-Income-Tax-TAXSCAN-1.jpg "Mistakes from Typographical Error not leading to Tax Evasion is not unexplained Cash Credit: ITAT [Read Order]")
Order passed Invoking S. 263 without Satisfying Twin Condition is Invalid: Delhi HC [Read Order]
The Delhi High Court has held that an order passed invoking section 263 of the Income Tax Act, 1961 without satisfying twin condition is invalid. The conditions are that the order of the AO should be...
![Order passed Invoking S. 263 without Satisfying Twin Condition is Invalid: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Delhi-High-Court-Twin-Condition-Interest-of-revenue-Income-Tax-AOs-erroneous-order-Assesing-officer-taxscan.jpg "Order passed Invoking S. 263 without Satisfying Twin Condition is Invalid: Delhi HC [Read Order]")
Rejecting TP Analysis without Giving any Specific Reason is invalid, CIT(A) validates TP Report: ITAT upholds Order of CIT(A) [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the order of the Commissioner of Income Tax (Appeals) which validated the Transfer Pricing ( TP ) report by holding that...
![Rejecting TP Analysis without Giving any Specific Reason is invalid, CIT(A) validates TP Report: ITAT upholds Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/T-P-Analysis-CITA-TP-Report-ITAT-ITAT-Upholds-Order-of-CITA-Rejecting-T-P-Analysis-without-Giving-any-Specific-Reason-taxscan.jpg "Rejecting TP Analysis without Giving any Specific Reason is invalid, CIT(A) validates TP Report: ITAT upholds Order of CIT(A) [Read Order]")
CIT (A) cannot Extend Time for Submission of Audit Report u/s 142 (2C ) of Income Tax Act: Delhi HC [Read Order]
The Delhi High Court has held that the Commissioner of Income Tax ( Appeals ) (CIT (A)) cannot extend the time for submission of an audit report under section 142 (2C ) of the Income Tax Act,...
![CIT (A) cannot Extend Time for Submission of Audit Report u/s 142 (2C ) of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/CIT-A-Extend-Time-for-Submission-of-Audit-Report-Income-Tax-Act-Delhi-HC-TAXSCAN.jpg "CIT (A) cannot Extend Time for Submission of Audit Report u/s 142 (2C ) of Income Tax Act: Delhi HC [Read Order]")
![ITAT Annual Digest [Part 59]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-digest-annual-digest-taxscan-.jpg "ITAT Annual Digest [Part 59]")