![Default in Proper Communication by CA to NRI Assessee of Income Tax Notices: ITAT Condones Delay of 379 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Default-in-Proper-Communication-CA-to-NRI-Assessee-of-Income-Tax-Notices-ITAT-Condones-Delay-TAXSACN.jpg "Default in Proper Communication by CA to NRI Assessee of Income Tax Notices: ITAT Condones Delay of 379 Days [Read Order]")
Default in Proper Communication by CA to NRI Assessee of Income Tax Notices: ITAT Condones Delay of 379 Days [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has directed the Commissioner for de novo adjudication, by condoning the delay of 379 days in...
![Claim of Expenditure Incurred for Club Membership Rejected on Ground of “Non-Business Expense”: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Claim-of-Expenditure-Incurred-for-Club-Membership-Claim-of-Expenditure-Incurred-Expenditure-Incurred-Club-Membership-Non-Business-Expense-ITAT-Taxscan.jpg "Claim of Expenditure Incurred for Club Membership Rejected on Ground of “Non-Business Expense”: ITAT Directs Re-adjudication [Read Order]")
![Interest Expenses incurred for earning Income from Loans and Advances shall not be Disallowed u/s 57 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-Expenses-Income-from-Loans-Income-Loans-Loans-and-Advances-Disallowed-Income-Tax-Act-ITAT-Income-Tax-taxscan.jpg "Interest Expenses incurred for earning Income from Loans and Advances shall not be Disallowed u/s 57 of Income Tax Act: ITAT [Read Order]")
![Assessment framed u/s 147 of I T Act on Information under Project Falcon regarding Trading on United Stock Exchange of India not borne out of any record: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Assessment-framed-I-T-Act-on-Information-under-Project-Falcon-regarding-Trading-on-United-Stock-Exchange-of-India-ITAT-TAXSCAN.jpg "Assessment framed u/s 147 of I T Act on Information under Project Falcon regarding Trading on United Stock Exchange of India not borne out of any record: ITAT [Read Order]")
![ITAT deletes Addition made by disallowance of Interest Expenses accrued from Investment made in Shares and Securities [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-deletes-Addition-made-by-disallowance-of-Interest-Expenses-accrued-from-Investment-made-in-Shares-and-Securities-TAXSCAN.jpg "ITAT deletes Addition made by disallowance of Interest Expenses accrued from Investment made in Shares and Securities [Read Order]")
No Addition on Unexplained Income received as Gift from Family Members: ITAT directs Re-Adjudication
The Indore bench of Income Tax Appellate Tribunal (ITAT) held that no addition can be made on unexplained income which was received as gift from the family members for personal use. Hemant Pandya,...
Interest on FD received during setting-up of Business is not Business Income but Income from Other Sources: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the interest on Fixed Deposit (FD) received during the setting-up of business is not a Business Income but shall be treated as...
![Interest on FD received during setting-up of Business is not Business Income but Income from Other Sources: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-on-FD-received-during-setting-up-of-business-not-Business-Income-but-Income-from-Other-Sources-ITAT-.jpg "Interest on FD received during setting-up of Business is not Business Income but Income from Other Sources: ITAT [Read Order]")
Lack of Jurisdiction u/s 153C owing to Absence of Incriminating Materials: ITAT dismisses Revenue's Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, dismissed the revenue’s appeal, on finding that there is lack of jurisdiction under Section 153C of...
![Lack of Jurisdiction u/s 153C owing to Absence of Incriminating Materials: ITAT dismisses Revenues Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Lack-of-Jurisdiction-Absence-of-Incriminating-Materials-ITAT-dismisses-Revenues-Appeal-TAXSCAN.jpg "Lack of Jurisdiction u/s 153C owing to Absence of Incriminating Materials: ITAT dismisses Revenues Appeal [Read Order]")
Non-Consideration of Statutory Appeal by Income Tax Appellant Authority: Chhattisgarh HC directs CIT(Appeals) to Decide on Pending Appeal within 90 Days [Read Order]
The Chhattisgarh High Court directed the CIT (Appeals) to decide the pending appeal within 90 days on non-consideration of statutory appeal by the Income Tax Appellant Authority. Gurdeep Singh...
![Non-Consideration of Statutory Appeal by Income Tax Appellant Authority: Chhattisgarh HC directs CIT(Appeals) to Decide on Pending Appeal within 90 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Non-Consideration-of-Statutory-Appeal-by-Income-Tax-Appellant-Authority-Chhattisgarh-High-Court-CITAppeals-Statutory-Appeal-Income-Tax-Appellant-Authority-Taxscan.jpg "Non-Consideration of Statutory Appeal by Income Tax Appellant Authority: Chhattisgarh HC directs CIT(Appeals) to Decide on Pending Appeal within 90 Days [Read Order]")
No Penalty can be Imposed u/s 271(1) when Income Surrendered by Assessee During Survey is Shown in a Regular Income Tax Return Filed within the Prescribed Time: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has recently, in an appeal filed before it, held that no penalty under section 271 (1) can be imposed when income surrendered by the...
![No Penalty can be Imposed u/s 271(1) when Income Surrendered by Assessee During Survey is Shown in a Regular Income Tax Return Filed within the Prescribed Time: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-Penalty-can-be-Imposed-Penalty-Income-Surrendered-by-Assessee-During-Survey-Income-Assessee-Survey-Regular-Income-Tax-Return-Income-Tax-Return-ITAT-Taxscan.jpg "No Penalty can be Imposed u/s 271(1) when Income Surrendered by Assessee During Survey is Shown in a Regular Income Tax Return Filed within the Prescribed Time: ITAT [Read Order]")
Assessment Completed u/s 143(3) after Condonation of Delay due to Covid: ITAT deletes Penalty u/s 271(1)(b) [Read Order]
The Surat Bench of Income Tax Appellate Tribunal ( ITAT) held that the penalty under Section 271(1)(b) of the Income Tax Act could not be levied after condonation of delay when an assessment has been...
![Assessment Completed u/s 143(3) after Condonation of Delay due to Covid: ITAT deletes Penalty u/s 271(1)(b) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Assessment-Condonation-of-Delay-Condonation-of-Delay-due-to-Covid-ITAT-deletes-Penalty-ITAT-Penalty-Taxscan.jpg "Assessment Completed u/s 143(3) after Condonation of Delay due to Covid: ITAT deletes Penalty u/s 271(1)(b) [Read Order]")