![ITAT allows Capital Gain Exemption u/s 54B on Sale of Agricultural Land even if Land is cultivated for some days during Relevant Years [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-agricultural-land-taxscan.jpg "ITAT allows Capital Gain Exemption u/s 54B on Sale of Agricultural Land even if Land is cultivated for some days during Relevant Years [Read Order]")
ITAT allows Capital Gain Exemption u/s 54B on Sale of Agricultural Land even if Land is cultivated for some days during Relevant Years [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench,comprising of Shri Inturi Rama Rao, AM and Shri S S Viswanethra Ravi, JM has allowed exemption...
![ITAT dismisses Appeal stating delay of 1070 days on lack of prima facie Bonafideness [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/ITAT-appeal-bonafideness-taxscan.jpeg "ITAT dismisses Appeal stating delay of 1070 days on lack of prima facie Bonafideness [Read Order]")
![No TDS on Interest paid by Cooperative Society to Member: ITAT upholds Disallowance u/s 40(a)(ia) made by CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/TDS-interest-cooperative-society-member-ITAT-disallowance-CITA-taxscan.jpg "No TDS on Interest paid by Cooperative Society to Member: ITAT upholds Disallowance u/s 40(a)(ia) made by CIT(A) [Read Order]")
![CBDT issues Circular regarding filing of Condonation of delay for Form No. 10B and 10BB for Assessment Year 2018-19 and Subsequent Years [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/07/CBDT-Circular-Condonation-delay-Form-No.-10B-Assessment-Year-Taxscan.jpg "CBDT issues Circular regarding filing of Condonation of delay for Form No. 10B and 10BB for Assessment Year 2018-19 and Subsequent Years [Read Circular]")
![No Addition can be made on Estimated basis, without rejecting Books of Account of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Books-of-Account-Assessee-ITAT-taxscan.jpeg "No Addition can be made on Estimated basis, without rejecting Books of Account of Assessee: ITAT [Read Order]")
![No Addition towards Anonymous Deduction If Identity of Donors is established: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/donors-money-donations-ITAT-taxscan.jpeg "No Addition towards Anonymous Deduction If Identity of Donors is established: ITAT [Read Order]")
Relief u/s 43B can be availed if the VAT liability was paid before due date of Filing Return: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Mumbai bench held that the relief u/s 43B of the Income Tax Act can be availed if the VAT liability was paid before the due date of filing the return. ...
![Relief u/s 43B can be availed if the VAT liability was paid before due date of Filing Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Chennai-VAT-liability-filing-return-ITAT-taxscan.jpeg "Relief u/s 43B can be availed if the VAT liability was paid before due date of Filing Return: ITAT [Read Order]")
Assessment Order passed after making necessary Inquiries can’t be 'Erroneous': ITAT quashes Revisional Order [Read Order]
While quashing the revisional order passed by PCIT the Rajkot bench of the Income Tax Appellate Tribunal held that the assessment order passed after making necessary inquiries can’t be “Erroneous’. ...
![Assessment Order passed after making necessary Inquiries can’t be Erroneous: ITAT quashes Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Assessment-order-ITAT-Revisional-Order-taxscan.jpeg "Assessment Order passed after making necessary Inquiries can’t be Erroneous: ITAT quashes Revisional Order [Read Order]")
Debiting Service Tax in Profit and Loss Account cannot be reason for treating that Assessee has not Credited receipts in its Books: ITAT [Read Order]
Debiting service tax in profit and loss account cannot be reason for treating that assessee has not credited receipts in its books, so was Income Tax Appellate Tribunal (ITAT), Ahmedabad. The...
![Debiting Service Tax in Profit and Loss Account cannot be reason for treating that Assessee has not Credited receipts in its Books: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/service-tax-profit-loss-account-assessee-receipts-books-ITAT-taxscan.jpg "Debiting Service Tax in Profit and Loss Account cannot be reason for treating that Assessee has not Credited receipts in its Books: ITAT [Read Order]")
Late Action by New Auditor is reasonable cause for Non-Imposition of Penalty u/s 271B: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) has held that, Late action by new auditor is reasonable cause for non-imposition of penalty under Section 271B of the Income Tax Act. The assessee, M/s....
![Late Action by New Auditor is reasonable cause for Non-Imposition of Penalty u/s 271B: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/auditor-penalty-ITAT-taxscan.jpeg "Late Action by New Auditor is reasonable cause for Non-Imposition of Penalty u/s 271B: ITAT [Read Order]")
![Entertainment subsidy falls under Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Entertainment-subsidy-capital-receipt-ITAT-taxscan.jpg "Entertainment subsidy falls under Capital Receipt: ITAT [Read Order]")
![Amount advanced for Business Transactions cannot treated as Deemed Dividend: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Amount-business-transactions-Deemed-Dividend-ITAT-taxscan.jpg "Amount advanced for Business Transactions cannot treated as Deemed Dividend: ITAT [Read Order]")