![Penalty cannot be levied for mere Deletion of Capital Gain Exemption Claim u/s 54F: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Penalty-Capital-Gain-Claim-ITAT-taxscan.jpeg "Penalty cannot be levied for mere Deletion of Capital Gain Exemption Claim u/s 54F: ITAT [Read Order]")
Penalty cannot be levied for mere Deletion of Capital Gain Exemption Claim u/s 54F: ITAT [Read Order]
Penalty cannot be levied for mere deletion of Capital Gain Exemption Claim under Section 54F of the Income Tax Act,1961 and so was held by Income Tax...
![Reopening of Assessment on ground that Assessee had earned LTCG from Entire Value of Share Transactions is liable to be quashed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/assessment-assessee-LTCG-share-transactions-ITAT-taxscan.jpg "Reopening of Assessment on ground that Assessee had earned LTCG from Entire Value of Share Transactions is liable to be quashed: ITAT [Read Order]")
![Delay in filing Appeal due to Default of Employee: ITAT directs for fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Appeal-Employee-ITAT-adjudication-taxscan.jpg "Delay in filing Appeal due to Default of Employee: ITAT directs for fresh Adjudication [Read Order]")
ITAT sets aside Disallowance by AO of set off for treating Share Trading as Short Term Capital Loss [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench consisting of Pramod Kumar, Vice President and Siddhartha Nautiyal, Judicial Member held that to consider share transaction as business...
![ITAT sets aside Disallowance by AO of set off for treating Share Trading as Short Term Capital Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-disallowance-AO-share-trading-short-term-capital-loss-taxscan.jpg "ITAT sets aside Disallowance by AO of set off for treating Share Trading as Short Term Capital Loss [Read Order]")
Additional Purchase Price fixed for Sugarcane under clause 5A of Control Order not allowed as Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench consisting of R.S. Syal, Vice President, and Satbeer Singh Godara, Judicial Member held that additional purchase price fixed for sugarcane under...
![Additional Purchase Price fixed for Sugarcane under clause 5A of Control Order not allowed as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/purchase-price-sugarcane-deduction-ITAT-taxscan.jpeg "Additional Purchase Price fixed for Sugarcane under clause 5A of Control Order not allowed as Deduction: ITAT [Read Order]")
If Assessment Order passed under Section 153A held to be void ab initio Penalty does not survive: ITAT [Read Order]
If assessment order passed under Section 153A was held to be void ab initio, penalty on the additions does not survive, so was held by the Income Tax Appellate Tribunal (ITAT), Ahmedabad. The Appeal...
![If Assessment Order passed under Section 153A held to be void ab initio Penalty does not survive: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/assessment-void-ab-initio-penalty-survive-ITAT-taxscan.jpeg "If Assessment Order passed under Section 153A held to be void ab initio Penalty does not survive: ITAT [Read Order]")
![Non-issue of Proper SCN can be fatal to Proceedings under the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/show-cause-notice-proceedings-Income-tax-Act-ITAT-taxscan.jpg "Non-issue of Proper SCN can be fatal to Proceedings under the Income Tax Act: ITAT [Read Order]")
Affidavit filed by Assessee is vague and non-descript has no Evidentiary Value: ITAT upholds Addition of LTCG: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Delhi bench consisting of Saktijit Dey, Judicial Member and Pradip Kumar Kedia, Accountant Member upholds addition of Long Term Capital Gain (LTCG) on the ground...
![Affidavit filed by Assessee is vague and non-descript has no Evidentiary Value: ITAT upholds Addition of LTCG: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Affidavit-Assessee-Evidentiary-Value-ITAT-LTCG-ITAT-taxscan.jpeg "Affidavit filed by Assessee is vague and non-descript has no Evidentiary Value: ITAT upholds Addition of LTCG: ITAT [Read Order]")
Participation in proceedings before Tax Authorities should be given High Priority: ITAT says Govt Corporation is like any Other Assessee cannot be given Preferential Treatment [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh bench consisting of Diva Singh, Judicial Member and Vikram Singh Yadav, Accountant Member held that participation in proceedings before Tax...
![Participation in proceedings before Tax Authorities should be given High Priority: ITAT says Govt Corporation is like any Other Assessee cannot be given Preferential Treatment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Participation-Tax-Authorities-high-priority-ITAT-Government-Corporation-assessee-preferential-treatment-Taxscan.jpeg "Participation in proceedings before Tax Authorities should be given High Priority: ITAT says Govt Corporation is like any Other Assessee cannot be given Preferential Treatment [Read Order]")
CIT has No Power to summarily dismiss Appeal for Non-Prosecution: ITAT asks to dispose of Appeal in Merits [Read Order]
The Income Tax Appellate Tribunal (ITAT), Raipur bench consisting of Ravish Sood, Judicial Member and Rathod Kamlesh Jayantbhai, Accountant Member asked to dispose appeal in merits as CIT has no...
![CIT has No Power to summarily dismiss Appeal for Non-Prosecution: ITAT asks to dispose of Appeal in Merits [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/CIT-non-prosecution-ITAT-Appeal-taxscan.jpg "CIT has No Power to summarily dismiss Appeal for Non-Prosecution: ITAT asks to dispose of Appeal in Merits [Read Order]")