![Capital Gain Tax shall not be chargeable to Immovable Property Gifted to daughter -in -law by wrongly Executed Sale Deed instead of Gift Deed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Capital-Gain-Tax-chargeable-Immovable-Property-Gifted-daughter-in-law-wrongly-Executed-Sale-Deed-Gift-Deed-ITAT-TAXSCAN.jpg "Capital Gain Tax shall not be chargeable to Immovable Property Gifted to daughter -in -law by wrongly Executed Sale Deed instead of Gift Deed: ITAT [Read Order]")
Capital Gain Tax shall not be chargeable to Immovable Property Gifted to daughter -in -law by wrongly Executed Sale Deed instead of Gift Deed: ITAT [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has held that capital gain tax should not be chargeable to immovable property gifted to...
![ITAT Upholds disallowance in respect of Delay in Deposit of Employees Contribution Fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-disallowance-in-respect-of-Delay-in-Deposit-of-Employeesb-Contribution-Fund-TAXSCAN.jpg "ITAT Upholds disallowance in respect of Delay in Deposit of Employees Contribution Fund [Read Order]")
![No Disallowance of Deduction u/s 14A of Income Tax Act can be made if No Exempt Income is Earned by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-Disallowance-of-Deduction-Disallowance-Deduction-Income-Tax-Act-can-be-made-if-No-Exempt-Income-is-Earned-by-Assessee-Income-Tax-Act-No-Exempt-Income-is-Earned-by-Assessee-ITAT-Taxscan.jpg "No Disallowance of Deduction u/s 14A of Income Tax Act can be made if No Exempt Income is Earned by Assessee: ITAT [Read Order]")
![Waiver of Principal Amount for Trading Purpose is Income of Assessee: ITAT Imposes Income Tax on Principal Amount [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Waiver-of-Principal-Amount-for-Trading-Purpose-is-Income-of-Assessee-ITAT-Imposes-Income-Tax-on-Principal-Amount-ITAT-Income-Tax-on-Principal-Amount-Income-Tax-Income-of-Assessee-Taxscan.jpg "Waiver of Principal Amount for Trading Purpose is Income of Assessee: ITAT Imposes Income Tax on Principal Amount [Read Order]")
![Rejection of Application for Registration u/s 80G of Income Tax Act Without Granting Proper Opportunity to Assessee: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Rejection-Application-Registration-Income-Tax-Act-Granting-Proper-Opportunity-Assessee-ITAT-Re-adjudication-TAXSCAN.jpg "Rejection of Application for Registration u/s 80G of Income Tax Act Without Granting Proper Opportunity to Assessee: ITAT Directs Re-adjudication [Read Order]")
Addition made by AO in Respect of Share Capital without Considering Relevant Documents and Evidences: ITAT Deletes Addition [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition made by the assessing officer in respect of share capital without considering the relevant documents and evidence by...
![Addition made by AO in Respect of Share Capital without Considering Relevant Documents and Evidences: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Upholds-Rejection-of-Claim-of-Exemption-of-Income-Tax-Act-due-to-Utilisation-of-Income-for-Religious-Expenses-More-than-Prescribed-Limit-TAXSCAN-1.jpg "Addition made by AO in Respect of Share Capital without Considering Relevant Documents and Evidences: ITAT Deletes Addition [Read Order]")
ITAT Deletes Addition made by AO on ground of Disclosure of Genuine Documents of Land Purchase u/s 56(2)(vii) of Income Tax Act [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition made by the assessing officer on the ground of disclosure of genuine documents of land purchase under section...
![ITAT Deletes Addition made by AO on ground of Disclosure of Genuine Documents of Land Purchase u/s 56(2)(vii) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Deletes-Addition-made-by-AO-on-ground-of-Disclosure-of-Genuine-Documents-of-Land-Purchase-of-Income-Tax-Act-TAXSCAN.jpg "ITAT Deletes Addition made by AO on ground of Disclosure of Genuine Documents of Land Purchase u/s 56(2)(vii) of Income Tax Act [Read Order]")
Expenses incurred for Business Promotion and Tour & Travels of Firm for Discharging Professional Duties as Partner shall not be disallowed: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has recently ruled that the expenses incurred for business promotion and tour & travel of firms for discharging professional duties as...
![Expenses incurred for Business Promotion and Tour & Travels of Firm for Discharging Professional Duties as Partner shall not be disallowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Expenses-incurred-for-Business-Promotion-and-Tour-Travels-of-Firm-Expenses-incurred-Business-Promotion-Professional-Duties-ITAT-Taxscan.jpg "Expenses incurred for Business Promotion and Tour & Travels of Firm for Discharging Professional Duties as Partner shall not be disallowed: ITAT [Read Order]")
ITAT Upholds Deletion of Disallowance made by AO on ground of Incurred Expenditure as Revenue Expenditure of Business [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) upheld the deletion of disallowance made by the assessing officer on the ground of incurred expenses as the revenue expenditure of the...
![ITAT Upholds Deletion of Disallowance made by AO on ground of Incurred Expenditure as Revenue Expenditure of Business [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Deletion-Disallowance-AO-Incurred-Expenditure-Revenue-Expenditure-Business-TAXSCAN.jpg "ITAT Upholds Deletion of Disallowance made by AO on ground of Incurred Expenditure as Revenue Expenditure of Business [Read Order]")
Addition made by AO by Treating Loss of Income as Speculation Loss u/s 73 of Income Tax Act : ITAT Directs Re-adjudication [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer to re-adjudicate the addition made by treating the loss of income as the speculation loss under section 73...
![Addition made by AO by Treating Loss of Income as Speculation Loss u/s 73 of Income Tax Act : ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AO-Treating-Loss-Income-Speculation-Loss-ITAT-Directs-Re-adjudication-TAXSCAN.jpg "Addition made by AO by Treating Loss of Income as Speculation Loss u/s 73 of Income Tax Act : ITAT Directs Re-adjudication [Read Order]")
Assessment Order by AO without Proper Examination of Documents is Invalid: ITAT Quashes Order [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) quashed the assessment order passed by the assessing officer without proper examination of documents and declared it as invalid as per...
![Assessment Order by AO without Proper Examination of Documents is Invalid: ITAT Quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Assessment-Order-by-AO-without-Proper-Examination-of-Documents-is-Invalid-ITAT-Quashes-Order-TAXSCAN.jpg "Assessment Order by AO without Proper Examination of Documents is Invalid: ITAT Quashes Order [Read Order]")
ITAT Upholds Deletion of Penalty imposed u/s 271(1)(c) of Income Tax Act on ground of Genuine Disclose of Payment of Non-compete Fee [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) upheld the deletion of the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961 on the ground of the genuine disclose of...
![ITAT Upholds Deletion of Penalty imposed u/s 271(1)(c) of Income Tax Act on ground of Genuine Disclose of Payment of Non-compete Fee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-Upholds-Deletion-of-Penalty-imposed-Deletion-of-Penalty-ITAT-Penalty-Income-Tax-Act-Disclose-of-Payment-of-Non-compete-Fee-Payment-of-Non-compete-Fee-Taxscan.jpg "ITAT Upholds Deletion of Penalty imposed u/s 271(1)(c) of Income Tax Act on ground of Genuine Disclose of Payment of Non-compete Fee [Read Order]")