![ITAT deletes Disallowance u/s 40A(3) when assessee made Payment in Cash not directly to the Seller [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/ITAT-Disallowance-Payment-Cash-TAXSCAN.jpg "ITAT deletes Disallowance u/s 40A(3) when assessee made Payment in Cash not directly to the Seller [Read Order]")
ITAT deletes Disallowance u/s 40A(3) when assessee made Payment in Cash not directly to the Seller [Read Order]
The Income Tax Appellate Tribunal (ITAT)deleted disallowance under section 40A(3) of the Income Tax Appellate Tribunal when assessee made payment in...
![Capital Gain Exemption u/s 54 Not Allowable in cases where Builder has not Started Construction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Capital-Gain-Exemption-Builder-Construction-ITAT-TAXSCAN.jpg "Capital Gain Exemption u/s 54 Not Allowable in cases where Builder has not Started Construction: ITAT [Read Order]")
![Company Audit and AGM on 31st March: ITAT upholds Rejection of Valuation Report Violating Rule 11UA [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Company-Audit-AGM-ITAT-Valuation-Report-Violating-TAXSCAN.jpg "Company Audit and AGM on 31st March: ITAT upholds Rejection of Valuation Report Violating Rule 11UA [Read Order]")
![Mere Entry in Books Not a Ground to Delete Addition If Source Not Explained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Entry-in-Books-Not-Addition-ITAT-TAXSCAN.jpg "Mere Entry in Books Not a Ground to Delete Addition If Source Not Explained: ITAT [Read Order]")
![Warner Bros have No PE in India: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Warner-Bros-No-PE-ITAT-Addition-TAXSCAN.jpg "Warner Bros have No PE in India: ITAT deletes Addition [Read Order]")
Difference b/w Sale Consideration and Stamp Duty Valuation is Less than 10%: ITAT deletes Addition u/s 50C [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition under section 50C of the Income Tax Act,1961 as the difference between the Sale Consideration and Stamp Duty...
![Difference b/w Sale Consideration and Stamp Duty Valuation is Less than 10%: ITAT deletes Addition u/s 50C [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Sale-Consideration-and-Stamp-Duty-Valuation-ITAT-TAXSCAN.jpg "Difference b/w Sale Consideration and Stamp Duty Valuation is Less than 10%: ITAT deletes Addition u/s 50C [Read Order]")
ITAT grants Opportunity to Assessee for Appearance before CIT(A) being Senior Citizen and not aware Digital Communication [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT), granted opportunity to assessee for appearance before Commissioner of Income Tax (Appeals) (CIT(A)) being Senior citizen and not aware...
![ITAT grants Opportunity to Assessee for Appearance before CIT(A) being Senior Citizen and not aware Digital Communication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-CITA-being-Senior-Citizen-Digital-Communication-TAXSCAN.jpg "ITAT grants Opportunity to Assessee for Appearance before CIT(A) being Senior Citizen and not aware Digital Communication [Read Order]")
Unsubstantiated Personal Expenses of Directors not allowable as Business Promotion Expenses: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ), constituted of Anil Chaturvedi (Accountant Member) and Anubhav Sharma (Judicial Member) held unsubstantiated personal expenses of...
![Unsubstantiated Personal Expenses of Directors not allowable as Business Promotion Expenses: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Personal-Expenses-Directors-Business-Promotion-Expenses-Business-Promotion-Promotion-Expenses-ITAT-taxscan.jpg "Unsubstantiated Personal Expenses of Directors not allowable as Business Promotion Expenses: ITAT [Read Order]")
![Re-Assessment cannot be based on Mere Change of Opinion: Telangana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Re-Assessment-Telangana-High-Court-Change-taxscan.jpg "Re-Assessment cannot be based on Mere Change of Opinion: Telangana HC [Read Order]")
No Records found on Receipt of Unaccounted Cash or Incriminating Material during Search: ITAT deletes Additions [Read Order]
Delhi Bench of Income Tax Appellate Tribunal (ITAT) presided over by Dr. B. R. R. Kumar (Accountant Member) and Yogesh Kumar US (Judicial Member) dismissed the appeals filed by the Revenue on the...
![No Records found on Receipt of Unaccounted Cash or Incriminating Material during Search: ITAT deletes Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-Records-found-on-Receipt-of-Unaccounted-Cash-or-Incriminating-Material-during-Search-ITAT-TAXSCAN.jpg "No Records found on Receipt of Unaccounted Cash or Incriminating Material during Search: ITAT deletes Additions [Read Order]")
Capital Gain fully utilised for Acquisition of new Residential House Eligible for Income Tax Exemption u/s 54 of Income Tax Act: ITAT [Read Order]
The Delhi Income Tax Appellate Tribunal (ITAT) chaired by Yogesh Kumar US (Judicial Member) and Dr. B. R. R. Kumar (Accountant Member) held that the equivalent amount of capital gain utilised for...
![Capital Gain fully utilised for Acquisition of new Residential House Eligible for Income Tax Exemption u/s 54 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Capital-Gain-House-Eligible-for-Income-Tax-Exemption-Income-Tax-Act-ITAT-TAXSCAN.jpg "Capital Gain fully utilised for Acquisition of new Residential House Eligible for Income Tax Exemption u/s 54 of Income Tax Act: ITAT [Read Order]")
![No Suggestion by Tax Auditor to disallow EPF u/s 143(1): ITAT directs to delete Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-suggestion-by-Tax-Auditor-to-disallow-EPF-ITAT-directs-to-Delete-Additions-TAXSCAN.jpg "No Suggestion by Tax Auditor to disallow EPF u/s 143(1): ITAT directs to delete Additions [Read Order]")